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CoMark Cooperative Marketing Alliance, a Memphis-based farmers marketing cooperative, is launching two new cotton pools for 2004. "These programs will give our members a competitive advantage over others," says Charlie Lowrance, president. The first pool is Price Achiever.
This is a minimum guarantee program that lets producers sell their cotton
at a targeted futures price. If the market achieves the target, CoMark
guarantees producers a minimum price with increases if the market moves
higher. The second pool is Equity Pool. Cotton is placed in the loan
through the company's USDA Authorized Cooperative Marketing Association
status. Then, CoMark sells equities domestically and abroad; all premiums
are passed to farmers. # # # |