Cotton Production Costs and Returns: United States

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Cotton production costs and returns per planted acre, excluding Government payments, U.S., 2011-2013 1/

Item

2011

2012

2013

 

Dollars per planted acre

Gross value of production:

Primary product: Cotton

$475.74

$480.24

$484.62

Secondary product: Cottonseed

$112.27

$140.27

$143.40

  Total, gross value of production

$588.01

$620.51

$628.02

Operating costs:

Seed

$96.61

$98.60

$100.74

Fertilizer  2/

$95.06

$99.60

$96.72

Chemicals

$66.72

$69.28

$70.04

Custom operations

$23.40

$23.66

$24.07

Fuel, lube, and electricity

$62.95

$64.50

$64.07

Repairs

$35.86

$36.89

$36.83

Ginning

$80.85

$110.80

$102.25

Purchased irrigation water

$3.35

$3.42

$3.52

Interest on operating inputs

$0.23

$0.25

$0.22

  Total, operating costs

$465.03

$507.00

$498.46

Allocated overhead:

Hired labor

$14.77

$15.33

$15.39

Opportunity cost of unpaid labor

$26.68

$27.91

$28.61

Capital recovery of machinery and equipment

$141.80

$148.69

$151.19

Opportunity cost of land

$73.59

$82.01

$86.56

Taxes and insurance

$8.15

$8.27

$8.23

General farm overhead

$16.79

$17.18

$17.15

  Total, allocated overhead

$281.78

$299.39

$307.13

Total costs listed

$746.81

$806.39

$805.59

Value of production less total costs listed

($158.80)

($185.88)

($177.57)

Value of production less operating costs

$122.98

$113.51

$129.56

Supporting information:

Cotton Yield: pounds per planted acre

495.56

667

591

Price: dollars per pound

$0.96

$0.72

$0.82

Cottonseed Yield: pounds per planted acre

802

1,079

956

Price: dollars per pound

$0.14

$0.13

$0.15

Enterprise size (planted acres) 1/

687

687

687

Production practices: 1/

Percent irrigated

43

43

43

Percent dryland

57

57

57

1/ 2011-2013 estimates developed from survey base year, 2007.

2/ Commercial fertilizer, soil conditioners, and manure.


Last Updated on 05/16/2014