DuPont Purchases Equity Stake in Farms Technology

Leading E-Trading Platform Teams with Pioneer MarketPoint(SM) Resource

DES MOINES, Iowa, April 17 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD)

today announced it has purchased an equity stake in Farms Technology as part

of its strategy to create additional value for its customers and grain buyers.

Specific details of the equity stake purchase were not released.

DuPont business Pioneer Hi-Bred recently began partnering with Farms

Technology to develop MarketPoint(SM) resource, a new online market service

that links corn growers with end users to provide producers with enhanced

profit opportunities, greater product differentiation and more convenience.

In February, Pioneer and Farms Technology, which is based in Overland

Park, Kan., successfully launched a pilot program for the MarketPoint(SM)

resource with corn growers and ethanol plants in Nebraska. Growers,

representing more than 60 million bushels of grain, have already registered on

the site. Participating growers have shown they can make more money per

bushel on corn sales through MarketPoint(SM) resource than they can through

traditional marketing practices.

"Farms Technology has played a vital role in helping Pioneer develop the

MarketPoint(SM) resource into a successful website that is now having impact

on the marketplace," said Paul Schickler, Pioneer president and DuPont vice

president and general manager. "The purchase of this equity stake in Farms

Technology shows that we are making a long-term commitment to this unique and

expanding business. As grain markets expand, we see this involvement as a way

to help customers increase their income and drive seed sales."

Farms Technology's applications range from completely integrated

electronic hedging platforms, to private cash commodity exchanges, to fully

open public cash commodity exchanges. These products have been created to

automate farmer cash commodity sales directly from the farm to participating


"The resources of Pioneer and the automated marketing technology of Farms

Technology present growers with powerful new alternatives to improve their

bottomline," said Jason Tatge, CEO of Farms Technology. "Since Farms

Technology was formed in 2001, we have worked hard to create a workable, user-

friendly automated system that is relied upon today by thousands of farmers

for their grain marketing needs. We believe our system, in combination with

the Pioneer network and relationships, will create an even more successful

business model."

Available on the Pioneer GrowingPoint(R) website, the MarketPoint(SM)

resource allows growers to post their high-quality grain for sale to local

buyers who make competitive bids based upon quality and quantity information

posted to the site. In turn, local grain buyers will be able to source this

higher value grain to help maximize efficiency, whether it is in their ethanol

plants or feedlot operations.

Further information on MarketPoint(SM) resource is available on

Farms Technology, L.L.C., ( is the industry leader for

online grain marketing and has been serving the grain business by providing

the electronic marketplaces with a mission of providing simple, useful tools

to farmers and grain buyers that help improve efficiencies. Farms Tech's

software suite also includes the Dynamic Pricing Platform that electronically

connects all three participants (buyer, seller, futures market) in the grain

procurement process via the Internet.

Pioneer Hi-Bred, a DuPont business, is the world's leading source of

customized solutions for farmers, livestock producers and grain and oilseed

processors. With headquarters in Des Moines, Iowa, Pioneer provides access to

advanced plant genetics in nearly 70 countries.

DuPont is a science-based products and services company. Founded in 1802,

DuPont puts science to work by creating sustainable solutions essential to a

better, safer, healthier life for people everywhere. Operating in more than

70 countries, DuPont offers a wide range of innovative products and services

for markets including agriculture and food; building and construction;

communications; and transportation.

The DuPont Oval Logo, DuPont(TM), The miracles of science(TM),

MarketPoint(SM), GrowingPoint(R) and Pioneer(R) are registered trademarks or

trademarks of DuPont or its affiliates.

For additional information about our company or our products, check our

worldwide website: and