9/2/2011 AM Live Ag Report

FRESNO, Calif.

Demand for soybean oil has dropped sharply since 2005, when the Food and Drug Administration began requiring labels to list levels of trans fats.

Monsanto Mompany says its new soybean, called "Vistive Gold", eliminates trans fats, which have been linked to coronary disease, and reduces saturated fat.

The Center For Food Safety says the new soybean didn't undergo rigorous enough testing. Monsanto says that's not true.

More than 600 companies have tents and booths at the Annual Farm Progress Trade Show in illinois.

The show is completly full and turned away about 40 companies for lack of space, including hot tub makers and an exotic car company.

The U.S. Department Of Agriculture said this week it expects farm incomes to increase by more than 30 percent this year, helped by high corn and soybean prices. But farmers say they learned hard lessons in the 1980's farm collapse and aren't taking the good times for granted. They say they're paying down debt and growing in a manageable way.

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