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How Successful Were U.S. Cotton Farms in 1998?

Nora L. Brooks, Mir B. Ali and Mitchell J. Morehart


 
ABSTRACT

In 1998, many cotton farmers suffered a combination of both severe weather and depressed prices, but some growers were successful. Understanding what contributed to their success is important to both growers and policy makers. We found that the most successful farms were larger, had lower costs, less debt, fewer assets, higher gross income, higher government payments, and higher yields. The least successful farms had significantly higher chemical and maintenance costs, higher insurance and tax costs, higher machinery values, higher asset values and debt, and lower gross income and yield. Until expenses are lowered, incomes will likely remain negative for the least successful farms, and we will continue to find a high proportion in the vulnerable class.



Reprinted from Proceedings of the 2000 Beltwide Cotton Conferences pp. 379 - 382
©National Cotton Council, Memphis TN

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Document last modified Saturday, Jun 17 2000