| Cotton production costs and returns per planted acre, excluding Government payments, Fruitful Rim, 1998-2005 1
|
| Item | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 |
| | Dollars per planted acre |
| Gross value of production: |
| Primary product: Cotton | $304.92 | $537.30 | $661.76 | $346.50 | $460.46 | $774.61 | $795.96 | $662.75 |
| Secondary product: Cottonseed | $73.64 | $85.26 | $108.08 | $87.60 | $84.14 | $123.55 | $175.61 | $159.38 |
| Total, gross value of production | $378.56 | $622.56 | $769.84 | $434.10 | $544.60 | $898.16 | $971.57 | $822.13 |
| Operating costs: |
| Seed | $25.87 | $23.18 | $30.70 | $38.01 | $45.58 | $27.28 | $33.79 | $38.67 |
| Fertilizer 2/ | $41.75 | $38.72 | $40.77 | $43.99 | $36.75 | $39.93 | $42.41 | $48.91 |
| Chemicals | $93.99 | $92.11 | $92.07 | $87.46 | $83.41 | $88.27 | $88.27 | $88.27 |
| Custom operations | $28.34 | $74.37 | $78.46 | $73.33 | $74.93 | $52.59 | $53.02 | $55.18 |
| Fuel, lube, and electricity | $49.14 | $51.40 | $63.80 | $60.88 | $50.16 | $51.85 | $65.67 | $84.34 |
| Repairs | $26.50 | $25.15 | $26.56 | $26.43 | $26.53 | $24.62 | $25.17 | $26.28 |
| Ginning | $42.20 | $88.64 | $91.40 | $88.23 | $90.01 | $129.10 | $177.27 | $173.14 |
| Purchased irrigation water | $48.55 | $46.02 | $48.60 | $44.57 | $44.20 | $22.45 | $22.63 | $23.55 |
| Interest on operating inputs | $8.54 | $10.34 | $13.62 | $7.80 | $3.76 | $1.62 | $2.61 | $6.21 |
| Total, operating costs | $364.88 | $449.93 | $485.98 | $470.70 | $455.33 | $437.71 | $510.84 | $544.55 |
| Allocated overhead: |
| Hired labor | $60.27 | $61.03 | $63.37 | $64.50 | $62.86 | $31.19 | $31.98 | $32.98 |
| Opportunity cost of unpaid labor | $31.00 | $31.86 | $32.28 | $34.07 | $37.20 | $48.64 | $49.88 | $51.44 |
| Capital recovery of machinery and equipment | $95.90 | $98.01 | $101.12 | $104.76 | $96.69 | $78.50 | $84.22 | $89.94 |
| Opportunity cost of land | $119.70 | $138.04 | $155.02 | $140.34 | $131.19 | $79.47 | $79.47 | $82.78 |
| Taxes and insurance | $15.22 | $16.14 | $17.12 | $18.35 | $17.75 | $15.30 | $15.54 | $15.66 |
| General farm overhead | $31.15 | $33.76 | $34.70 | $35.74 | $35.74 | $31.23 | $31.93 | $33.34 |
| Total, allocated overhead | $353.24 | $378.84 | $403.61 | $397.76 | $381.43 | $284.33 | $293.02 | $306.14 |
| |
| Total costs listed | $718.12 | $828.77 | $889.59 | $868.46 | $836.76 | $722.04 | $803.86 | $850.69 |
| |
| Value of production less total costs listed | $(339.56) | $(206.21) | $(119.75) | $(434.36) | $(292.16) | $176.12 | $167.71 | $(28.56) |
| Value of production less operating costs | $13.68 | $172.63 | $283.86 | $(36.60) | $89.27 | $460.45 | $460.73 | $277.58 |
| |
| Supporting information: |
| Cotton Yield: pounds per planted acre | 462 | 995 | 1,034 | 990 | 1,001 | 1,091 | 1,474 | 1,205 |
| Price: dollars per pound | $0.66 | $0.54 | $0.64 | $0.35 | $0.46 | $0.71 | $0.54 | $0.55 |
| Cottonseed Yield: pounds per planted acre | 1,052 | 1,421 | 1,544 | 1,460 | 1,202 | 1,765 | 2,385 | 1,950 |
| Price: dollars per pound | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.08 |
| Enterprise size (planted acres) 1/ | 437 | 437 | 437 | 437 | 437 | 614 | 614 | 614 |
| Production practices: 1/ |
| Percent irrigated | 74 | 74 | 74 | 74 | 74 | 45 | 45 | 45 |
| Percent dryland | 26 | 26 | 26 | 26 | 26 | 55 | 55 | 55 |
| |
| 1/ 1998-2002 estimates developed from survey base year, 1997. 2003-2005 estimates developed from survey base year, 2003. |
| 2/ Commercial fertilizer, soil conditioners, and manure. |
Last Updated on 10/13/2006
Email: econs@cotton.org
