Cotton Production Costs and Returns: United States

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Cotton production costs and returns per planted acre, excluding Government payments, U.S., 2012-2014 1/

Item

2012

2013

2014

 

Dollars per planted acre

Gross value of production:
Primary product: Cotton

$473.57

$476.42

$465.80

Secondary product: Cottonseed

$140.27

$141.00

$99.72

  Total, gross value of production

$613.84

$617.42

$565.52

Operating costs:
Seed

$98.60

$100.74

$100.82

Fertilizer  2/

$99.60

$96.72

$93.22

Chemicals

$69.28

$70.04

$71.32

Custom operations

$23.66

$24.07

$24.49

Fuel, lube, and electricity

$64.50

$63.97

$64.01

Repairs

$36.89

$36.83

$37.60

Ginning

$110.80

$100.58

$121.83

Purchased irrigation water

$3.42

$3.52

$3.31

Interest on operating inputs

$0.25

$0.22

$0.16

  Total, operating costs

$507.00

$496.69

$516.76

Allocated overhead:
Hired labor

$15.19

$15.39

$15.62

Opportunity cost of unpaid labor

$27.63

$28.61

$29.08

Capital recovery of machinery and equipment

$148.69

$151.19

$156.87

Opportunity cost of land

$82.01

$86.56

$89.52

Taxes and insurance

$8.19

$8.23

$8.39

General farm overhead

$17.18

$17.15

$17.41

  Total, allocated overhead

$298.89

$307.13

$316.89

Total costs listed

$805.89

$803.82

$833.65

 

Value of production less total costs listed

($192.05)

($186.40)

($268.13)

Value of production less operating costs

$106.84

$120.73

$48.76

 
Supporting information:
Cotton Yield: pounds per planted acre

667

581

685

Price: dollars per pound

$0.71

$0.82

$0.68

Cottonseed Yield: pounds per planted acre

1,079

940

1,108

Price: dollars per pound

$0.13

$0.15

$0.09

Enterprise size (planted acres) 1/

687

687

687

Production practices: 1/
Percent irrigated

43

43

43

Percent dryland

57

57

57

 
1/ 2012-2014 estimates developed from survey base year, 2007.
2/ Commercial fertilizer, soil conditioners, and manure.

Last Updated on 10/08/2015