Cotton Production Costs and Returns: Fruitful Rim

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Cotton production costs and returns per planted acre, excluding Government payments, Fruitful Rim, 2013-2015 1/
Item 2013 2014 2015
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $880.44 $843.48 $672.40
Secondary product: Cottonseed $221.04 $164.19 $185.64
  Total, gross value of production $1,101.48 $1,007.67 $858.04
Operating costs:
Seed $107.29 $107.15 $109.78
Fertilizer  2/ $128.85 $125.02 $116.09
Chemicals $104.08 $106.01 $101.19
Custom operations $68.56 $70.50 $73.41
Fuel, lube, and electricity $117.87 $117.03 $76.47
Repairs $40.22 $40.99 $40.84
Ginning $164.94 $174.53 $190.64
Purchased irrigation water $40.00 $41.13 $42.82
Interest on operating inputs $0.34 $0.25 $0.64
  Total, operating costs $772.15 $782.61 $751.88
Allocated overhead:
Hired labor $29.69 $30.25 $31.37
Opportunity cost of unpaid labor $35.53 $36.20 $37.54
Capital recovery of machinery and equipment $177.08 $183.64 $188.56
Opportunity cost of land $152.64 $158.25 $161.61
Taxes and insurance $11.43 $11.66 $13.76
General farm overhead $29.73 $30.30 $30.19
  Total, allocated overhead $436.10 $450.30 $463.03
Total costs listed $1,208.25 $1,232.91 $1,214.91
 
Value of production less total costs listed ($106.77) ($225.24) ($356.87)
Value of production less operating costs $329.33 $225.06 $106.16
 
Supporting information:
Cotton Yield: pounds per planted acre 759 781 820
Price: dollars per pound $1.16 $1.08 $0.82
Cottonseed Yield: pounds per planted acre 1,228 1,263 1,326
Price: dollars per pound $0.18 $0.13 $0.14
Enterprise size (planted acres) 1/ 507 507 507
Production practices: 1/
Percent irrigated 57 57 57
Percent dryland 43 43 43
 
1/ 2013-2015 estimates developed from survey base year, 2007.
2/ Commercial fertilizer, soil conditioners, and manure.

Last Updated on 05/25/2016