Cotton Production Costs and Returns: Prairie Gateway

 

Cotton production costs and returns per planted acre, excluding Government payments, Prairie Gateway, 2015-2017 1/

Item 2015 2016 2017
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $355.04 $434.07 $436.26
Secondary product: Cottonseed $112.75 $100.26 $64.20
  Total, gross value of production $467.79 $534.33 $500.46
Operating costs:
Seed $50.06 $48.83 $48.26
Fertilizer  2/ $28.06 $23.74 $21.52
Chemicals $34.93 $36.09 $35.53
Custom operations $8.93 $9.08 $8.83
Fuel, lube, and electricity $42.24 $37.47 $44.05
Repairs $41.18 $41.26 $42.00
Ginning $82.38 $91.26 $85.21
Purchased irrigation water $0.02 $0.02 $0.02
Interest on operating inputs $0.17 $0.66 $1.50
  Total, operating costs $287.97 $288.41 $286.92
Allocated overhead:
Hired labor $12.23 $12.67 $13.02
Opportunity cost of unpaid labor $43.82 $45.39 $46.64
Capital recovery of machinery and equipment $125.51 $126.39 $129.12
Opportunity cost of land $40.65 $38.64 $38.64
Taxes and insurance $9.58 $9.52 $10.14
General farm overhead $10.66 $10.68 $10.87
  Total, allocated overhead $242.45 $243.29 $248.43
Total costs listed $530.42 $531.70 $535.35
 
Value of production less total costs listed ($62.63) $2.63 ($34.89)
Value of production less operating costs $179.82 $245.92 $213.54
 
Supporting information:
Cotton Yield: pounds per planted acre 634 689 661
Price: dollars per pound $0.56 $0.63 $0.66
Cottonseed Yield: pounds per planted acre 1,025 1,114 1,070
Price: dollars per pound $0.11 $0.09 $0.06
Enterprise size (planted acres) 1/ 931 931 931
Production practices: 1/
Percent irrigated 28 28 28
Percent dryland 72 72 72
 
1/ 2015-2017 estimates developed from survey base year, 2015.
2/ Commercial fertilizer, soil conditioners, and manure.
Last Updated on 5/1/2018