|
Cotton production costs and returns per planted acre, excluding Government payments, Heartland, 2007-2009 1/
|
|
Item
|
2007
|
2008
|
2009
|
|
|
Dollars per planted acre
|
| Gross value of production: |
| Primary product: Cotton |
$556.74
|
$613.20
|
$478.44
|
| Secondary product: Cottonseed |
$133.36
|
$194.81
|
$114.64
|
| Total, gross value of production |
$690.10
|
$808.01
|
$593.08
|
| Operating costs: |
| Seed |
$95.09
|
$106.04
|
$121.43
|
| Fertilizer 2/ |
$75.44
|
$115.24
|
$113.16
|
| Chemicals |
$78.17
|
$81.81
|
$91.50
|
| Custom operations |
$13.02
|
$13.02
|
$14.18
|
| Fuel, lube, and electricity |
$48.16
|
$63.15
|
$40.72
|
| Repairs |
$41.14
|
$42.24
|
$43.06
|
| Ginning |
$145.81
|
$154.86
|
$135.53
|
| Purchased irrigation water |
$0.00
|
$0.00
|
$0.00
|
| Interest on operating inputs |
$7.78
|
$4.27
|
$0.81
|
| Total, operating costs |
$504.61
|
$580.63
|
$560.39
|
| Allocated overhead: |
| Hired labor |
$16.60
|
$17.16
|
$17.54
|
| Opportunity cost of unpaid labor |
$25.97
|
$26.85
|
$27.44
|
| Capital recovery of machinery and equipment |
$152.19
|
$164.14
|
$177.69
|
| Opportunity cost of land |
$76.82
|
$85.99
|
$96.67
|
| Taxes and insurance |
$6.69
|
$7.43
|
$7.96
|
| General farm overhead |
$13.10
|
$13.45
|
$13.71
|
| Total, allocated overhead |
$291.37
|
$315.02
|
$341.01
|
| Total costs listed |
$795.98
|
$895.65
|
$901.40
|
| |
| Value of production less total costs listed |
($105.88)
|
($87.64)
|
($308.32)
|
| Value of production less operating costs |
$185.49
|
$227.38
|
$32.69
|
| |
| Supporting information: |
| Cotton Yield: pounds per planted acre |
1031
|
1095
|
886
|
| Price: dollars per pound |
$0.54
|
$0.56
|
$0.54
|
| Cottonseed Yield: pounds per planted acre |
1,667
|
1,771
|
1,433
|
| Price: dollars per pound |
$0.08
|
$0.11
|
$0.08
|
| Enterprise size (planted acres) 1/ |
861
|
861
|
861
|
| Production practices: 1/ |
| Percent irrigated |
61
|
61
|
61
|
| Percent dryland |
39
|
39
|
39
|
| |
| 1/ 2007-2009 estimates developed from survey base year, 2007. |
| 2/ Commercial fertilizer, soil conditioners, and manure. |
Last Updated on 10/05/2010