COTTON INDUSTRY

Cotton Industry on Small Level

Cotton Industry on Small Level

The cotton industry is growing in other areas in the U.S. where it has not existed before. This is due to the emergence of new cotton varieties that have better survival capabilities than older ones. Cotton is the most commonly used natural fiber for spinning into yarn or thread used to make textile.

Cottonseed is also used to produce cottonseed oil. The U.S. supplies most of the cotton needs of the world(Hammond, 2007). Cottonseed is widely grown in the South, although due to the emergence of new cotton varieties, the industry is growing in areas where it has not existed before. The government is supportive of the industry and is providing subsidies for cotton farmers.

Cotton Growing Basics

Cotton Farming Requirements

Due to its susceptibility to insects and pests, particularly to boll weevil, cotton farming requires high capital and labour requirements. Added to these are the costs of securing transportation and machinery for cultivating cotton and building a warehouse for storing produce(Brubaker, Bourland, Wendel, 2008). A farmer wanting to start cotton growing must be aware of the labour and capital requirements that cotton farming requires. He must learn growing practices that lead to higher productivity. He must also be aware of the condition of the cotton industry in his area.

A cotton farmer must not only grow but sell its produce in order to make a profit. If large tracts of neighbouring lands are already planted with cotton that is supplied to several cotton gins nearby, then the industry is already established. If the nearby cotton gin is at a distance such that transportation cost to deliver the produce is too high to operate profitably, then one must reconsider growing the crop(Baffes, Kaltsas, 2004). Pursue it if the industry is growing and cotton farming promises to have a potential. Hire the services of a crop consultant whose expertise will be valuable for a starter.

Write a plan for your yarn store business. All successful businesses start with a written plan. This plan identifies how your company will operate, what your target market is and how you will reach the customers of that market.

Register your yarn store as a company. This is an important step because it allows you to buy items wholesale, and also makes it easier for you to pay sales tax on the items sold in your store. Being properly set up as a company also gives you the ability to obtain a Federal Employer Identification Number, which is used to pay income taxes in the event that you hire a staff to work in your yarn store. Contact the city clerk's office in your town to obtain more detailed information on how to set up a company for your yarn store.

You will need adequate retail space for your yarn displays, project books and other items that you will sell. Cash register space and room for a small back office are also necessary. It is nice if you can squeeze in room to warehouse ...