Fronting the Sunday Business section in The New York Times (Jan. 14) is a fascinating story, "Out of Africa: Cotton and Cash" (subscription required) about the investments big-time U.S. cotton trading company Dunavant Enterprises has made in the cotton sector of poor African countries. Some of those countries joined Brazil's successful WTO challenge to American cotton subsidy programs.

From the top of the Times piece, by G. Pascal Zachary:
Finding Dennis Okelo used to be easy. The old woman — and most other people in a village outside of Lira, the provincial capital of northern Uganda — went directly to Mr. Okelo’s fields. He was always in one of his “gardens,” with his slacks rolled up above his calves and a short hoe close by. Or he was seated outside of his mud-brick house under a banana tree.
Then cotton growing revived in Uganda, and Dunavant Enterprises came to town about five years ago, paying cash on delivery. After three seasons of growing cotton for Dunavant, the world’s largest privately owned cotton broker and one of the biggest family-owned agribusinesses in the United States, Mr. Okelo, who owns less than three acres and has two wives and a passel of children, had saved $300, about double his annual earnings before Dunavant started buying his cotton.
Last summer, Mr. Okelo opened a grocery store, which is where the old woman finally found him: smiling, standing behind the wooden plank that serves as his service counter in a shop the size of a utility shed. The grocery, one of two in the village, carries dried foods, cooking oil, matches, cosmetics, batteries and candy.
“Before Dunavant, no one came to help us,” says Mr. Okelo, 40, who has farmed a variety of crops in these parts for about 20 years.

Photo: UN/FAO
William Dunavant, the chairman of the privately held firm, pulled his company out of the National Cotton Council in November, 2006.
As Jane Roberts reported at the time in the Memphis Commercial Appeal ("Strings cut to cotton lobby," Nov. 11)
Dunavant Enterprises Inc., one of the largest cotton merchants in the world, has severed its ties with the National Cotton Council of America, saying the lobbying group no longer represents its interests.
"We just determined, after a lot of soul searching, that we wanted to do our own thing in Washington," said chairman Billy Dunavant. "The Cotton Council did not represent our interests like it did 10 or 12 years ago. We're going to go our own way.
"Dunavant Enterprises had been a member of NCC for 38 years. If necessary, the company is prepared to hire its own lobbyist...
"The Cotton Council is recognized in Washington both on Capitol Hill and at the Department of Agriculture as the voice of the cotton industry," said Woods Eastland, president and chief executive of Greenwood, Miss., Staplcotn, the largest cotton co-operative in the world and longtime member of NCC. "When someone wants to get the pulse of the cotton industry, they call the National Cotton Council."
But for several years, Dunavant, who was chairman of the NCC in 1988, has publicly expressed his opposing viewpoints, chief among them the company's unhappiness with the U.S. cotton subsidies, which bolster the price of U.S. cotton when world prices are low.
He also says that the Council's structure is compromised "because the co-ops and the producers are the same people. The people who own warehouses also gin cotton. They're choking us out."
...Last spring, when the NCC failed to support the cotton merchants' wish to ban outdoor storage of cotton in West Texas, Dunavant said he lost money because the cotton was damaged in the weather.
"The council didn't represent us like they should have. They allowed the ginners and the warehousers in West Texas to have a bigger voice."
"The reputation for U.S. cotton suffered. Our customers don't like it when we ship damaged cotton overseas," he said.
The fractured response, he said, sent the wrong message to Washington.