Posted by: admin 3 years ago
Great Falls, MT – Sustainable Oils camelina now qualifies for greater crop insurance coverage thanks to the U.S. Department of Agriculture’s (USDA) Risk Management Agency raising its maximum contract pricing for camelina from $.18 to $.45 per pound during the 2023 crop year. The increased camelina coverage is part of a Montana pilot project that offers Actual Production History coverage which uses a producer’s historical yield data to determine coverage amounts.
“Growers in Montana can feel enhanced security with next year’s camelina crop thanks to this coverage increase announced by the USDA,” said Barney Bernstein, Vice President of Sustainable Oils, North America’s largest camelina breeding and seed company. “With this increase in insurance coverage we hope to see more farmers taking advantage of all the benefits camelina can provide to their land and their pocketbooks.”
Sustainable Oils’ camelina varieties are drought tolerant and can mature in less than 100 days, allowing it to grow between traditional crop cycles on land that otherwise sits idle or fallow. It can be harvested using farmers’ existing equipment and provides soil health benefits similar to those of cover crops. The oil from Sustainable Oils camelina grain will be used to produce ultra-low carbon renewable diesel for Global Clean Energy, Sustainable Oils’ parent company.
According to the USDA’s Press Release, only spring-planted camelina grown under contract with a processor is eligible for coverage, and the price in the contract is required to establish the insurance coverage.
If you’ve ever thought about growing camelina, now is the time. Sustainable Oils is offering qualified first time camelina growers free planting seed this growing season, as well as substantial payments for grain. To learn more about growing Sustainable Oils camelina, visit www.SusOils.com.
About Sustainable Oils, Inc.
Sustainable Oils, Inc., Global Clean Energy’s wholly-owned plant science subsidiary, owns an industry leading portfolio of intellectual property rights, including patents, Plant Variety Protection certificates, and production know-how to produce its proprietary camelina varieties as a nonfood based ultra-low carbon biofuels feedstock. These varieties are the only nonfood renewable feedstock on the market certified for both the U.S. EPA’s Renewable Fuel Standard and California’s Low Carbon Fuel Standard. Sustainable Oils was formed in 2007, and has its headquarters in Great Falls, Montana. More information can be found online at www.susoils.com.
About Global Clean Energy
Global Clean Energy Holdings, Inc. (OTCQB: GCEH) is a vertically integrated renewable fuels business that is focused on reducing carbon emissions sustainably through their proprietary nonfood camelina varieties – delivering among the lowest carbon intensity renewable fuel in the marketplace. Their strategy since its inception has been to control the full integration of the renewable fuels supply chain from science to seed and farm to fuel. Global Clean Energy aims to operate the development, production, processing, and transportation of feedstocks as well as the refining and production of renewable fuels. They process their proprietary nonfood camelina feedstock in their Bakersfield, California renewable fuels refinery, yielding a renewable diesel that is chemically identical to petroleum diesel, but with 80+ percent lower carbon emissions. More information can be found at www.gceholdings.com.
Media Contact
Amanda Parsons DeRosier
1 (562) 233-5146
Amanda.DeRosier@GCEholdings.com