Opinion ID: 1804609
Heading Depth: 1
Heading Rank: 7

Heading: sale and purchase agreement for 1973 cotton crop

Text: This contract, entered into between Austin Farms of Indianola, Miss., hereinafter referred to as Producer and Seller, and V & M Cotton Co., Inverness, Miss., covers cotton produced by the Producer and Seller for the 1973 crop year. The above named Producer and Seller agrees to sell all and only the cotton produced from approximately 2,500 acres planted in cotton for the 1973 crop year on B-251, B-33, B-163, B-220, B-230, & Adams. Place as shown at the ASCS records on file in Indianola, Miss. The Producer and Seller agrees to practice normal good farming methods as to cultivation, harvesting, and handling said cotton and to harvest, gin and store the cotton in a bonded warehouse as rapidly as possible. Variety planted Coker 310 & Stoneville 213. Cotton to be defoliated before picking, and all available cleaning equipment at gin to be used (no bypass). Cotton to be ginned at ____. All samples to be delivered to V & M Cotton Company. All Cotton harvested by hand or spindle picked  no ground machine or stripper cotton acceptable on this contract. Official Government class card determines class of cotton and the Compress receiving date on receipt determines date. V & M Cotton Co. agrees to pay the Producer and Seller prices as listed below, net weights, FOB Compress, for all and only cotton produced on the above mentioned farm or farms. 30.00¢ for all cotton with micronaire 3.3-5.2 29.00¢ for all cotton with micronaire 5.3 & up 28.00¢ for all cotton with micronaire 3.0-3.2 28.00¢ for all cotton 3.0 & up and reduced in grade a/c grass or bark 26.00¢ for all other cotton and any cotton harvested after 12/7/73 20.00¢ for all Below Grades (Note: 450 acres to be stored in Greenwood; about 2050 in Indianola) Seller and producer agrees to pay transportation cost of the cotton to the compress and to pay the first's month storage and Cotton Board Fees, and a commission of $1.25 per bale to be deducted. /s/ Austin Farms By Winfred E. Austin date 2/26/73 Witness ____ Producer and Seller Partner date Witness ____ Producer and Seller V & M Cotton Company By /s/ J.M. Montgomery, Jr. date 2/23/73 Witness ____ STATE OF MISSISSIPPI COUNTY OF SUNFLOWER Personally appeared before me, the undersigned authority, in and for said County and State, the within named J.M. MONTGOMERY, JR., partner of V & M Cotton Company, who acknowledged that he signed and delivered the foregoing instrument as his voluntary act and deed. WITNESS my hand and official seal this the 7th day of August, 1973. /s/ Patricia K. Cox NOTARY PUBLIC My Commission Expires: May 3, 1976