Contracting Your Cotton in Texas
The past two or three years have taught us a lot about cotton contracts between farmers and merchants. Volatile markets and unpredictable weather lead to more uncertainty in the cotton market than we have ever seen. Merchants, cooperatives and mills are all looking to protect themselves from this volatility, and that protection may come at the expense of the producer.
In West Texas, you are used to seeing contracts that provide blank spaces to write your FSA Farm number, acreage, whether the land is irrigated or dry, estimate the number of bales and enter a price per pound over loan. How often do you actually take time to read the fine print? Are there any restrictions regarding the method you use to estimate your bales? Do you know what effect your estimates will have on the contract? Are you required to report the progress of your crop? What happens should a dispute arise?
Our attorneys have extensive experience in cotton contract litigation throughout Texas and are prepared to handle your any issues involving the cotton you work so hard to produce. Not only can we achieve the best results possible for our clients’ short-term financial interests, but with our deep roots in agriculture, we can also help to develop a plan to secure the futures of our farmers.