Cotton Board Recommends $80 Million Budget
August 1, 2011 During its Annual Meeting in Durham, NC, the Cotton Board reviewed and voted to recommend Cotton Incorporated’s proposed 2012 budget of $80 million to the Secretary of Agriculture. The budget and plan, along with the Cotton Board’s recommendation, will be forwarded to the United States Department of Agriculture (USDA) for final approval.
The Cotton Board also elected John Clark as its Chairman for 2011/12. He is the Vice President of Michar, LLC, of Los Angeles, CA, which specializes in design, sales, sourcing, importation and distribution of all genders and ages of wearing apparel. Clark has been a member of the Cotton Board since 1998.
“I believe we have had a good, productive year. We have taken steps to strengthen the Research and Promotion Program, and we have continued to improve the ability of the members of the Cotton Board to carry out our mission,” said Craig Shook, outgoing Cotton Board Chairman and producer from Corpus Christi, TX. He also praised previous chairmen of the Cotton Board and the work they had done to pave the way for his chairmanship. During his time as Chairman, Shook worked on several projects, including hiring a new CEO, reviewing USDA investment policies, and revising the contract with Cotton Incorporated.
Clark added that, “The proposed budget represents a 13% increase from the 2011 plan and reflects an emphasis on innovation, stronger research programs, sustainability issues, and increased competition, Cotton Incorporated’s proposed budget reflects many of the recommendations developed in March by the Cotton Board. We commend Cotton Incorporated for its responsiveness to our concerns and the thoughtfulness represented by this proposed budget. We believe this proposed program of research and promotion will continue to move the cotton industry forward. We look forward to working with Cotton Incorporated during the 2011/12 program year.”
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