|
Cotton production costs and returns per planted acre, excluding Government payments, U.S., 2007-2009 1/
|
|
Item
|
2007
|
2008
|
2009
|
| |
Dollars per planted acre
|
| Gross value of production: |
| Primary product: Cotton |
$519.27
|
$366.56
|
$353.40
|
| Secondary product: Cottonseed |
$117.92
|
$114.95
|
$80.16
|
| Total, gross value of production |
$637.19
|
$481.51
|
$433.56
|
| Operating costs: |
| Seed |
$60.34
|
$64.78
|
$73.52
|
| Fertilizer 2/ |
$62.81
|
$90.95
|
$89.30
|
| Chemicals |
$63.35
|
$62.76
|
$68.88
|
| Custom operations |
$21.89
|
$20.79
|
$22.11
|
| Fuel, lube, and electricity |
$48.86
|
$61.10
|
$40.15
|
| Repairs |
$32.75
|
$33.22
|
$33.52
|
| Ginning |
$137.17
|
$96.24
|
$101.64
|
| Purchased irrigation water |
$3.19
|
$2.91
|
$2.86
|
| Interest on operating inputs |
$6.50
|
$3.20
|
$0.63
|
| Total, operating costs |
$436.86
|
$435.95
|
$432.61
|
| Allocated overhead: |
| Hired labor |
$14.09
|
$14.21
|
$14.26
|
| Opportunity cost of unpaid labor |
$24.32
|
$25.62
|
$26.11
|
| Capital recovery of machinery and equipment |
$113.28
|
$120.33
|
$129.07
|
| Opportunity cost of land |
$54.78
|
$57.77
|
$63.77
|
| Taxes and insurance |
$7.56
|
$8.17
|
$8.67
|
| General farm overhead |
$15.50
|
$15.42
|
$15.51
|
| Total, allocated overhead |
$229.53
|
$241.53
|
$257.39
|
| Total costs listed |
$666.39
|
$677.48
|
$690.00
|
| |
| Value of production less total costs listed |
($29.20)
|
($195.97)
|
($256.44)
|
| Value of production less operating costs |
$200.33
|
$45.56
|
$0.95
|
| |
| Supporting information: |
| Cotton Yield: pounds per planted acre |
911
|
632
|
620
|
| Price: dollars per pound |
$0.57
|
$0.58
|
$0.57
|
| Cottonseed Yield: pounds per planted acre |
1,474
|
1,045
|
1,002
|
| Price: dollars per pound |
$0.08
|
$0.11
|
$0.08
|
| Enterprise size (planted acres) 1/ |
687
|
687
|
687
|
| Production practices: 1/ |
| Percent irrigated |
43
|
43
|
43
|
| Percent dryland |
57
|
57
|
57
|
| |
| 1/ 2007-2009 estimates developed from survey base year, 2007. |
| 2/ Commercial fertilizer, soil conditioners, and manure. |
Last Updated on 10/05/2010