Cotton Production Costs and Returns: United States

 

Cotton production costs and returns per planted acre, excluding Government payments, U.S., 2015-2017 1/

Item 2015 2016 2017
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $483.12 $538.68 $547.86
Secondary product: Cottonseed $153.72 $117.00 $89.95
  Total, gross value of production $636.84 $655.68 $637.81
Operating costs:
Seed $70.43 $69.10 $68.48
Fertilizer  2/ $75.36 $62.06 $56.25
Chemicals $62.85 $65.77 $65.13
Custom operations $17.11 $18.03 $17.75
Fuel, lube, and electricity $43.49 $38.18 $45.05
Repairs $47.08 $47.51 $48.38
Ginning $117.04 $121.72 $117.59
Purchased irrigation water $2.95 $3.12 $3.13
Interest on operating inputs $0.27 $0.98 $2.22
  Total, operating costs $436.58 $426.47 $423.98
Allocated overhead:
Hired labor $15.48 $16.40 $16.91
Opportunity cost of unpaid labor $36.48 $37.51 $38.36
Capital recovery of machinery and equipment $146.79 $148.91 $152.28
Opportunity cost of land $71.01 $69.54 $70.24
Taxes and insurance $10.21 $10.28 $10.99
General farm overhead $13.67 $13.88 $14.22
  Total, allocated overhead $293.64 $296.52 $303.00
Total costs listed $730.22 $722.99 $726.98
 
Value of production less total costs listed ($93.38) ($67.31) ($89.17)
Value of production less operating costs $200.26 $229.21 $213.83
 
Supporting information:
Cotton Yield: pounds per planted acre 792 804 794
Price: dollars per pound $0.61 $0.67 $0.69
Cottonseed Yield: pounds per planted acre 1,281 1,300 1,285
Price: dollars per pound $0.12 $0.09 $0.07
Enterprise size (planted acres) 1/ 626 626 626
Production practices: 1/
Percent irrigated 32 32 32
Percent dryland 68 68 68
 
1/ 2015-2017 estimates developed from survey base year, 2015.
2/ Commercial fertilizer, soil conditioners, and manure.

Last Updated on 5/1/2018