CottonPlanters Continue To Roll As
High Plains Sprints Toward Planting Deadlines

Friday, June 1, 2007                                  By Shawn Wade

      Crop progress reports alwaysseem to lag a little behind what is happening in real-time, but they oftenprovide a helpful overview of how things are going out in the country.

      This week's crop progressreport detailing planting progress from the United States Department ofAgriculture provides a pretty fair picture of how things were going through May25, but doesn't capture the beneficial impact of this week's favorable weatherconditions on the Texas High Plains.

      Based on Texas CooperativeExtension reports and discussions with producers around the High Plains itappears that the week just ended was a good one for most of the High Plains.The weather has allowed growers to make up some ground and get closer to wherethey would like to be at this time of year.

      Barring a widespread rainevent that inundates a large portion of the area south and west of Lubbock itappears that the region's cotton acreage will be planted by the applicableFederal Crop Insurance deadlines.

      Even with this optimisticoutlook, it is important to note that things aren't perfect in all corners ofthe High Plains. Widely scattered storms continue keep some fields just wetenough to hamper planting and have also included some hail events that severelydamaged cotton that had already achieved a stand.

      Generally speaking, however,the area has received little hail this growing season, possibly due to a weatherpattern that has been long on beneficial moisture, but has also been a "goodnews/bad news" situation for growers once they managed to get their cropsstarted. The lack of hail has been the most obvious plus, but that weatherpattern has also kept cotton from making much progress after emergence.

      A return to seasonaltemperatures is the best medicine for the crop in the field and the acres thatstill wait to be planted. All in all it appears growers have another HighPlains cliffhanger in the making as the 2007 growing season has already begunthe process of presenting its own set of opportunities and challenges.


Sen.Blanche Lincoln Make High Plains Visit;
Key Industry Supporter Gets Warm Welcome

Friday, June 1, 2007                                  By Shawn Wade

      One of the cotton industry'sstaunchest allies in the United States Senate, Democrat Senator Blanche Lincolnof Arkansas, received a warm West Texas welcome May 30 during a fundraisingevent at the home of Dan and Linda Taylor of Ropesville.

      Hailing from a seventh-generationArkansas farm family, Senator Lincoln is a Helena, Arkansas, native who madehistory in 1998 by becoming the youngest woman ever elected to the UnitedStates Senate at the age of 38.

      Lincoln is a member of theSenate Committee on Agriculture, Nutrition and Forestry and is one of thecotton industry's "Go-To" people on key issues affecting the industry.


MonsantoAnnounces Agreement To
Sell NexGen and Stoneville Assets

Friday, June 1, 2007                                  By Shawn Wade

      It appears that Monsanto's effortsto acquire Delta and Pine Land Company have taken a substantive step forwardthis week. Monsanto officials announced this week that the technology companyhas reached an agreement with the Department of Justice that will allow it tofinally complete its proposed acquisition of D&PL.

      Papers specifying terms ofthe agreement between Monsanto and the Department of Justice were filed inFederal Court in Washington, DC on May 31.

      As part of the deal Monsantosimultaneously announced that it has entered into definitive agreements withAmericot, Inc. and Bayer CropScience to purchase the NexGen™ and Stoneville®cotton seed brands and assets, respectively. Monsanto's agreements withAmericot and Bayer CropScience will still require final approval by the Departmentof Justice,

      Under the terms NexGen andStoneville brand cotton seed will continue to be licensed to use Monsanto'scotton trait technologies. Also included in the Americot and Bayer agreementswill be the transfer of certain conventional D&PL parental lines that thecompany's can develop further.

      In the proposed agreementwith Americot, Monsanto will also transfer certain conventional cotton parentallines that were acquired by Delta and Pine Land from Syngenta in 2006.

      Monsanto's deal with BayerCropScience will also include the transfer of certain D&PL conventionalcotton parental lines that Monsanto will retain a non-exclusive license toutilize.

      In acquiring the assets ofStoneville®, Bayer CropScience reports that will gain access to additional highperforming cotton products and germplasm with insect-resistant andherbicide-tolerant Monsanto traits.

      Bayer officials note that thenew germplasm and the geographic reach of Stoneville® into cotton productionregions east of Texas will complement the company's cotton seed and traitbusiness. The Stoneville® acquisition will also add skilled and knowledgeablestaff and state-of-the-art breeding and seed processing facilities to Bayer'sU.S. cotton seed business.

      In a statement discussing theproposed deal with Monsanto, Americot General manager Terry Campbell said theNexGen acquisition will further strengthen Americot's portfolio of high-qualitygermplasm through the addition of NexGen varieties that provide growersstormproof cotton options with excellent fiber quality, high-yield potentialand earliness.

      Campbell also noted thatAmericot plans to utilize the conventional germplasm divested from D&PL todevelop new cotton products under the Americot brand.