Scott,
Mississippi
November 2000
Roger D. Malkin, a pioneer and leader in American
agribusiness and long time chairman and chief executive officer of
Delta and Pine Land
Company, passed away on November 22, 2000 at the age of 69 at his home
in Scott, Mississippi.
A native of Brooklyn, New York, Malkin became a trusted member of the
Mississippi Delta community and the cotton industry at large thanks to
his tireless devotion to improving the conditions individuals and farmers
faced.
"Roger left us an incredible legacy and we will continue to build upon
the vision he had for us as individuals and for his company," said Steve
M. Hawkins, Delta and Pine Land president. "In his work, he combined a
vision for the future with the daily connection to farmers - that combination
is extremely rare and will be missed. He also championed the arts and
education, making our community stronger through his commitment and
actions."
Malkin's most notable contributions to agriculture came during his
more than 20 years at D&PL. It was Malkin who shifted the business from a
production farming operation to a major research force, creating the world's
leading cotton planting seed company. During Malkin's tenure at D&PL, the
company introduced early maturing cotton varieties (which have helped reduce
susceptibility to insects and allowed farmers to harvest their crops
before harsh weather), as well as transgenic varieties.
"In the early 1980s, Roger had his eye on the future and the possible
contributions biotechnology could have for agriculture," said Murray
Robinson, D&PL chief executive officer and vice chairman. "The years
that followed were exciting as we moved through the exploratory phases to
research and development and, ultimately into commercialization. This
technology has revolutionized cotton production in terms of pest
management and enhanced profitability."
This year, Malkin's contributions to the Mississippi Delta and the
cotton industry received notice with the honor of a Lifetime Achievement
Award from the Delta Council. He also recently received a Governor's Award for
Excellence in the Arts from the Mississippi Arts Commission for his
significant contributions as a patron to the artistic culture of the
state and nation.
Mississippi Governor Ronnie Musgrove commented that, "Roger was a
visionary, he saw the big picture. He knew what it took to succeed in both the
business world and the community. He was a tireless force for advancing
education and the quality of life in the Delta. He will be sorely missed."
Roger Malkin is survived by his daughter Melissa Malkin, of Encino,
California, his son Jonathan R. Malkin and daughter-in-law Philippa
Feigen Malkin and two grand daughters of Washington, Connecticut. He is also
survived by his companion Barbara Jakobson and his brother Peter L.
Malkin of New York.
Services in remembrance and celebration of Malkin's life will be held
in Scott on Tuesday, November 28 at the Delta and Pine Land Community
Center. In lieu of flowers, the family requests donations be directed towards
the Institute of Southern Jewish Life, PO Box 16528, Jackson, MS 39263.
ADDITIONAL BIOGRAPHICAL INFORMATION FOR ROGER D. MALKIN:
* His activities in agribusiness encompassed the industry's
breadth from logistical operations to production farms, from agricultural
biotechnology to enabling technologies.
* After an initial career in real estate, in 1968 he acquired,
in one of the earliest leveraged buy-outs, Federal Compress and Warehouse
Company, the world's largest cotton compress and warehouse company
headquartered in Memphis, Tennessee. The company owned some 31,000,000 square feet of
commercial warehouse space across the South and Southwest. Under Mr.
Malkin's management the company developed the majority of the space
into commercial space to serve the growing needs of the increasingly
non-farm economy.
* In 1985, Mr. Malkin acquired Superior Farming Company of
Bakersfield, CA from the Mobil Oil Company. The farm operation included
38,000 acres and an extensive fruit breeding program which had resulted in
several patented varieties including stone fruit and seedless table
grapes.
* His greatest accomplishment was Delta and Pine Land Company,
which he acquired in 1978 from Courtaulds Ltd., the English textile group.
At the time, the company was one of a handful of seed producers serving the
U.S. cotton and Southern soybean markets. Under Mr. Malkin's leadership the
company focused on developing better seed varieties and technology for
the farmers.
* In the early 1980s, he met with the first generation of
biotechnology companies to determine if biotechnology would be applicable to
agribusiness purposes. He also focused the traditional breeding
operations on traits which would provide better economics to the cotton and
Southern
soybean farmer. From this came several important breakthroughs including
early maturing varieties which helped reduce the farmer's vulnerability to
late season adverse weather as well as smooth leaf cotton which permitted
cleaner harvesting and higher fiber quality. As a result, by the end
of the 1990s Delta and Pine Land Company had grown to be the largest cotton
breeder in the world with commercial activities in the U.S. market as well as
in 18 other countries.
* It was in the 1990s that Mr. Malkin's interest in technology
changed cotton production and U.S. agribusiness. The discussions with
biotechnology companies initiated in the preceding decade led to major research
collaborations with DuPont and Monsanto, and research initiatives with
a number of prominent biotechnology firms in the U.S. and abroad. The
goal of these relationships was to develop biology-based solutions for crop
protection. By the early 1990s it was evident that traditional methods
of crop protection were no longer as effective or economically viable as
cotton
acreage and productivity shrank.
* In 1996, Delta and Pine Land Company commercialized the first
transgenic row crop with the sale of its cotton seed with Monsanto's
bacillus thuringiensis gene technology. This product allowed the
cotton plant to produce its own insecticide instead of using chemical sprays.
In 1997, D&PL sold the first Roundup Ready* cotton seed which allowed for
weed control with the broad spectrum herbicide Roundup. These transgenic
products have proven to be the most successful new class of agricultural
products in the history of U.S. agribusiness. These products have
resulted in a substantial increase in yield per acre, reduction in application
of pesticides and an increase in the less environmentally disruptive
practice of no-till agriculture. At present, transgenic cotton is planted on
approximately 80% of all cotton acreage in the United States.
* Delta and Pine Land Company was first publicly traded on the
NASDAQ in 1993 and moved to the New York Stock Exchange in 1995. Roger
Malkin served as the Company's Chairman and CEO for 22 years, taking emeritus
status in late October of this year. Delta and Pine Land Company
remains the only NYSE-traded public company headquartered in the Mississippi
Delta.
* Roger Malkin's most recent endeavors included serving as a
member of the General Partner and Business Advisory Board of Agricultural
Technology Partners LP, a private equity fund dedicated to the Life Sciences.
With Mr. Malkin's guidance ATP built a portfolio of companies involved in
forestry biotechnology, bioinformatics, transcriptome/proteome analysis, small
molecule design and embryonic stem cells development.
CULTURAL NOTES:
* Mr. Malkin was a champion of education programs.
* His involvement with Dartmouth College included serving on the
President's Leadership Council, establishment of a scholarship program
for young men and women of the Delta to attend Dartmouth as well as
support of the Center for Jewish Students at Dartmouth.
* He served as a director of the Delta State University Foundation in
Cleveland, Mississippi and was the benefactor of the school's Delta
and Pine Land Theatre at its Center for the Performing Arts.
* Mr. Malkin was also a benefactor of the Mississippi State
University Agribusiness Institute as well as serving on its advisory board.
* Mr. Malkin received an Honorary Doctorate Degree from Rhodes
College in Memphis, Tennessee.
* Mr. Malkin was a member of the Board of the Museum of the
Southern Jewish Experience.
* In addition, Mr. Malkin created the Deer Creek Foundation to
improve the quality of life in the Delta.
Company news release
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