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Staplcotn seeing a bountiful harvest season.

Publication: Mississippi Business Journal
Publication Date: 25-OCT-04 		Format: Online - approximately 1010 words
Delivery: Immediate Online Access
Full Article Title: Staplcotn seeing a bountiful harvest season.(Focus: private companies)

Article Excerpt
GREENWOOD -- This year's cotton crop is poised for a bountifol harvest season, a near repeat of 2002.

"The yields are fabulous this year," said Woods Eastland, president and CEO of Staplcotn. "We'll probably market about 4.2 million bales before the harvest season is over."

That would easily top the 3.8 million bales marketed for $1.3 billion last year by Greenwood-based Stapleotn, which handles one-fifth of the nation's cotton crop. The cooperative sells about 98% of its cotton for above-average prices, charging members a retainer of $2.25 per bale, money that is returned after 10 years. (In its October report, the U.S. Department of Agriculture estimated world cotton production would reach nearly 110 million bales.)

"Seed technology is one factor, but weather's always a big component," explained Eastland, the son of the late Sen. James O. Eastland. "It's encouraging to see the agriculture base doing well in the U.S., specifically...

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