We will identify and release Illinois adapted SOYLEIC varieties. There are a number of crushers in Illinois that are in discussion with the SOYLEIC group about contracting production in the state, but there is a need for more varieties that are adapted to Illinois before production can take off.
We plan to release about five SOYLEIC varieties in 2021 (depending on 2021 results) and our breeding pipeline is full of new experimental lines. With the expanded testing of experimental lines that will be possible with funding from ISA, we will plan to continue to release at least 2-4 new MG II-IV SOYLEIC varieties annually from 2022 on into the future. The funding from ISA will be critical in expanding our testing of experimental lines which will increase our ability to identify the highest yielding lines in the breeding pipeline. We anticipate that there will be 100,000 units of seed of SOYLEIC varieties available for sale in 2023 and for this to double in 2024 and greatly expand after that. Assuming high yielding Illinois adapted varieties are available, we expect a significant amount of this production will be in our state which will provide expanded opportunities for Illinois producers to grow value added soybean and increase the demand for our crop.