Cotton Production Costs and Returns: United States

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

Item 2013 2014 2015
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $476.42 $465.80 $432.49
Secondary product: Cottonseed $141.00 $99.72 $126.17
  Total, gross value of production $617.42 $565.52 $558.66
Operating costs:
Seed $100.74 $100.82 $102.08
Fertilizer  2/ $96.72 $93.22 $86.32
Chemicals $70.04 $71.32 $67.91
Custom operations $24.07 $24.49 $25.43
Fuel, lube, and electricity $63.97 $64.01 $41.72
Repairs $36.83 $37.60 $37.38
Ginning $100.58 $121.83 $131.95
Purchased irrigation water $3.52 $3.31 $3.45
Interest on operating inputs $0.22 $0.16 $0.42
  Total, operating costs $496.69 $516.76 $496.66
Allocated overhead:
Hired labor $15.39 $15.62 $16.10
Opportunity cost of unpaid labor $28.61 $29.08 $30.13
Capital recovery of machinery and equipment $151.19 $156.87 $159.93
Opportunity cost of land $86.56 $89.52 $90.87
Taxes and insurance $8.23 $8.39 $9.84
General farm overhead $17.15 $17.41 $17.35
  Total, allocated overhead $307.13 $316.89 $324.22
Total costs listed $803.82 $833.65 $820.88
 
Value of production less total costs listed ($186.40) ($268.13) ($262.22)
Value of production less operating costs $120.73 $48.76 $62.00
 
Supporting information:
Cotton Yield: pounds per planted acre 581 685 709
Price: dollars per pound $0.82 $0.68 $0.61
Cottonseed Yield: pounds per planted acre 940 1,108 1,147
Price: dollars per pound $0.15 $0.09 $0.11
Enterprise size (planted acres) 1/ 687 687 687
Production practices: 1/
Percent irrigated 43 43 43
Percent dryland 57 57 57
 
1/ 2013-2015 estimates developed from survey base year, 2007.
2/ Commercial fertilizer, soil conditioners, and manure.

Last Updated on 10/13/2016