|
Cotton production costs and returns per planted acre, excluding Government payments, Prairie Gateway, 2007-2009 1/
|
|
Item
|
2007
|
2008
|
2009
|
| |
Dollars per planted acre
|
| Gross value of production: |
| Primary product: Cotton |
$490.60
|
$261.08
|
$268.80
|
| Secondary product: Cottonseed |
$115.52
|
$83.16
|
$62.16
|
| Total, gross value of production |
$606.12
|
$344.24
|
$330.96
|
| Operating costs: |
| Seed |
$44.57
|
$49.70
|
$56.91
|
| Fertilizer 2/ |
$34.64
|
$52.91
|
$51.96
|
| Chemicals |
$36.95
|
$38.67
|
$43.25
|
| Custom operations |
$12.83
|
$12.83
|
$13.97
|
| Fuel, lube, and electricity |
$51.59
|
$61.80
|
$41.47
|
| Repairs |
$29.97
|
$30.77
|
$31.37
|
| Ginning |
$136.38
|
$65.44
|
$79.38
|
| Purchased irrigation water |
$0.00
|
$0.00
|
$0.00
|
| Interest on operating inputs |
$4.66
|
$2.31
|
$0.46
|
| Total, operating costs |
$351.59
|
$314.43
|
$318.77
|
| Allocated overhead: |
| Hired labor |
$11.30
|
$11.68
|
$11.94
|
| Opportunity cost of unpaid labor |
$27.64
|
$28.58
|
$29.20
|
| Capital recovery of machinery and equipment |
$100.82
|
$108.74
|
$117.71
|
| Opportunity cost of land |
$30.55
|
$34.20
|
$38.44
|
| Taxes and insurance |
$6.18
|
$6.86
|
$7.35
|
| General farm overhead |
$11.50
|
$11.81
|
$12.04
|
| Total, allocated overhead |
$187.99
|
$201.87
|
$216.68
|
| Total costs listed |
$539.58
|
$516.30
|
$535.45
|
| |
| Value of production less total costs listed |
$66.54
|
($172.06)
|
($204.49)
|
| Value of production less operating costs |
$254.53
|
$29.81
|
$12.19
|
| |
| Supporting information: |
| Cotton Yield: pounds per planted acre |
892
|
428
|
480
|
| Price: dollars per pound |
$0.55
|
$0.61
|
$0.56
|
| Cottonseed Yield: pounds per planted acre |
1,444
|
693
|
777
|
| Price: dollars per pound |
$0.08
|
$0.12
|
$0.08
|
| Enterprise size (planted acres) 1/ |
770
|
770
|
770
|
| Production practices: 1/ |
| Percent irrigated |
46
|
46
|
46
|
| Percent dryland |
54
|
54
|
54
|
| |
| 1/ 2007-2009 estimates developed from survey base year, 2007. |
| 2/ Commercial fertilizer, soil conditioners, and manure. |
Last Updated on 10/05/2010