Cotton Production Costs and Returns: Heartland

 

Cotton production costs and returns per planted acre, excluding Government payments, Heartland, 2013-2015 1/

Item 2013 2014 2015
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $728.52 $689.22 $641.11
Secondary product: Cottonseed $181.20 $177.10 $187.00
  Total, gross value of production $909.72 $866.32 $828.11
Operating costs:
Seed $171.07 $170.84 $173.87
Fertilizer  2/ $123.97 $120.28 $110.89
Chemicals $94.95 $96.71 $92.56
Custom operations $15.50 $15.94 $16.63
Fuel, lube, and electricity $64.45 $65.31 $42.06
Repairs $47.67 $48.58 $48.49
Ginning $156.21 $188.15 $187.88
Purchased irrigation water $0.00 $0.00 $0.00
Interest on operating inputs $0.30 $0.23 $0.57
  Total, operating costs $674.12 $706.04 $672.95
Allocated overhead:
Hired labor $18.99 $19.35 $20.04
Opportunity cost of unpaid labor $29.71 $30.27 $31.36
Capital recovery of machinery and equipment $209.97 $217.75 $222.81
Opportunity cost of land $134.81 $139.76 $142.74
Taxes and insurance $7.65 $7.80 $9.18
General farm overhead $15.18 $15.47 $15.44
  Total, allocated overhead $416.31 $430.40 $441.57
Total costs listed $1,090.43 $1,136.44 $1,114.52
 
Value of production less total costs listed ($180.71) ($270.12) ($286.41)
Value of production less operating costs $235.60 $160.28 $155.16
 
Supporting information:
Cotton Yield: pounds per planted acre 934 1094 1051
Price: dollars per pound $0.78 $0.63 $0.61
Cottonseed Yield: pounds per planted acre 1,510 1,771 1,700
Price: dollars per pound $0.12 $0.10 $0.11
Enterprise size (planted acres) 1/ 861 861 861
Production practices: 1/
Percent irrigated 61 61 61
Percent dryland 39 39 39
 
1/ 2013-2015 estimates developed from survey base year, 2007.
2/ Commercial fertilizer, soil conditioners, and manure.

Last Updated on 10/13/2016