Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88Between Turnrows • 11 graduate student at Arkansas State University. When Kelly assumed these seed production responsibilities, Cullum Seeds was dependent upon publicly developed rice, soybean and wheat varieties as the source of their genetics for seed production. But, this was all about to change. During the 90s, Cullum Seeds continued to grow, albeit at a slower pace since the seed industry itself was in the midst of great change with the development of trans-genetic seeds/varieties by national and international chemical and seed companies. In addition, there was an accompanying increase in the number of regional seed companies with many developing their own respective regional brands of adapted varieties. Also associated with all of these changes was a need to establish legal agreements with these same national chemical and seed companies to gain access to the new genetics. As this great transition period continued into 1997, Sherm decided it was a good time for him to sell Cullum Seeds to his longtime friends, Mark Waldrip, Carl Phipps and Kelly Phipps, and the transition from Cullum Seeds to the current Armor Seed Company began to unfold. Armor Seed Mark Waldrip already owned East Arkansas Seed Company located near Moro, Arkansas. He and Carl both realized Carl’s greatest contribution, beyond being available in an advising capacity, was to ensure that all Armor Seed produced and sold possessed the same high quality traits that their existing customers/produc- ers were accustomed to receiving. With his experience in running the seed cleaning operation, his role with Armor Seed would be to continue to manage all seed cleaning operations at the Fisher facility. In both the negotiations associated in purchasing Cullum Seeds and the many additional discussions concerning vision for the future direction of the new company