Cotton Production Costs and Returns: Heartland

 

Cotton production costs and returns per planted acre, excluding Government payments, Heartland, 2015-2016 1/

Item 2015 2016
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $661.78 $669.30
Secondary product: Cottonseed $239.85 $157.00
  Total, gross value of production $901.63 $826.30
Operating costs:
Seed $102.85 $100.33
Fertilizer  2/ $97.40 $82.42
Chemicals $104.84 $108.32
Custom operations $28.77 $29.25
Fuel, lube, and electricity $52.48 $44.92
Repairs $75.28 $75.42
Ginning $257.14 $222.85
Purchased irrigation water $0.00 $0.00
Interest on operating inputs $0.39 $1.53
  Total, operating costs $719.15 $665.04
Allocated overhead:
Hired labor $33.08 $34.26
Opportunity cost of unpaid labor $37.04 $38.36
Capital recovery of machinery and equipment $225.50 $227.07
Opportunity cost of land $120.81 $114.82
Taxes and insurance $11.62 $11.54
General farm overhead $15.04 $15.07
  Total, allocated overhead $443.09 $441.12
Total costs listed $1,162.24 $1,106.16
 
Value of production less total costs listed ($260.61) ($279.86)
Value of production less operating costs $182.48 $161.26
 
Supporting information:
Cotton Yield: pounds per planted acre 1141 970
Price: dollars per pound $0.58 $0.69
Cottonseed Yield: pounds per planted acre 1,845 1,570
Price: dollars per pound $0.13 $0.10
Enterprise size (planted acres) 1/ 300 300
Production practices: 1/
Percent irrigated 84 84
Percent dryland 16 16
 
1/ 2015-2016 estimates developed from survey base year, 2015.
2/ Commercial fertilizer, soil conditioners, and manure.

Last Updated on 11/14/2017