With the Seasonal Option, Staplcotn makes all the pricing decisions, both futures and basis. An advance payment is promptly made upon delivery to us of the warehouse receipt and government class.

Other equity payments are made as the cotton is sold and delivered to the mill. Progress reports or payments are made at 60-day intervals beginning in January of the marketing year with a final detailed settlement for each crop after the August 31 fiscal year ending.

The goal of the Seasonal Option is to secure the best average price possible over the marketing period of the crop.

Both the Seasonal and Call Options will close on March 31. However, the board may close the Seasonal or Call Options earlier - eligible or ineligible - if they determine the volume adequate.

The entire production of a farm serial number must be committed. However, a portion of the farm's production may be designated for the Call Option with the balance going to the Seasonal Option.

With both options, the producer shares pro rata in all applicable merchandising gains, such as weight gains, reclassification, volume handing premiums, other shipping margins, and any marketing loan gains.

Our Board of Directors is dedicated to ensuring that our program is flexible enough to offer all marketing alternatives authorized under present or future farm legislation.

We can accomodate our members who prefer payment on a deferred basis.

On or before March 31 of expected harvest, any bales from a particular Farm Serial # designated but not called by said deadline may be rolled to the Seasonal Option so long as the total number of Call Option bales from that Farm Serial # does not exceed 60% of the expected production.

Please contact us with any questions or comments.