Fri, 09-Jun-2023
Tuesday 05 Nov 2019 , 12:36 pm

Arcadia Biosciences Announces Wheat Purchase Commitment, Significant Increase in GoodWheat Harvest Acres

Arcadia Biosciences secures first purchase commitment for 2020 and expands GoodWheat harvest acres ten-fold over prior year.
By SIN Bureau
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Today, Arcadia Biosciences, Inc. announced that it has secured its first purchase commitment for its high-fiber bread wheat for 2020 through its North American partner Bay State Milling Company. Earlier this year, Arcadia announced Bay State Milling would be the exclusive North American commercial partner for its high-fiber bread wheat under Bay State Milling's HealthSense brand portfolio.

"Arcadia's high-fiber wheat technology expands our HealthSense portfolio and strengthens our robust supply chain of identity preserved non-GM wheat varieties," said Peter Levangie, president and CEO of Bay State Milling.  He also added, "We look forward to continued innovation from Arcadia and its wheat portfolio."

Arcadia also announced the successful harvest of its GoodWheat non-GM wheat varieties on 4,000 acres across Idaho, Montana, North Dakota, Oregon and Arizona. Arcadia's contracted growers collectively farm over 80,000 acres, with 30% dedicated to wheat.

Matt Plavan, president and CEO of Arcadia Biosciences said, "We are pleased with this year's GoodWheat harvest, which exceeded the number of acres planted in 2018 by 10 times . We are well positioned to hit our revenue targets for GoodWheat in 2020 and 2021, having secured all our existing growers as repeat GoodWheat farmers, and expanding our acreage to meet our 2020 sales commitments and plans.”

"Arcadia has been a great partner for us, bringing innovation and profitability to wheat," said Paul Sproule of Sproule Farms in Grand Forks, North Dakota. "We significantly increased our GoodWheat acres this year, producing both seed and grain in several GoodWheat varieties.  We see tremendous opportunity to further expand our acres even beyond 2020."

Neha Mule

Neha writes articles on sectors including medicine, food, materials, and science & technology. A qualified statistician, she has the ability to observe and analyze the trends in global markets and write compelling articles that help CXOs in decision making. She is a bookworm and loves to read fiction, lifestyle, science and technology. Neha comes with 6 years of experience in content writing and editing that involves blog writing, preparation of study materials and OERs.

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