Cotton Production Costs and Returns: Heartland

 

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

Item 2015 2016 2017
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $661.78 $669.30 $753.06
Secondary product: Cottonseed $239.85 $157.00 $147.68
  Total, gross value of production $901.63 $826.30 $900.74
Operating costs:
Seed $102.85 $100.33 $98.97
Fertilizer  2/ $97.40 $82.42 $74.06
Chemicals $104.84 $108.32 $105.46
Custom operations $28.77 $29.25 $28.44
Fuel, lube, and electricity $52.48 $44.92 $52.23
Repairs $75.28 $75.42 $76.77
Ginning $257.14 $222.85 $254.20
Purchased irrigation water $0.00 $0.00 $0.00
Interest on operating inputs $0.39 $1.53 $3.62
  Total, operating costs $719.15 $665.04 $693.75
Allocated overhead:
Hired labor $33.08 $34.26 $35.21
Opportunity cost of unpaid labor $37.04 $38.36 $39.42
Capital recovery of machinery and equipment $225.50 $227.07 $231.99
Opportunity cost of land $120.81 $114.82 $114.82
Taxes and insurance $11.62 $11.54 $12.30
General farm overhead $15.04 $15.07 $15.34
  Total, allocated overhead $443.09 $441.12 $449.08
Total costs listed $1,162.24 $1,106.16 $1,142.83
 
Value of production less total costs listed ($260.61) ($279.86) ($242.09)
Value of production less operating costs $182.48 $161.26 $206.99
 
Supporting information:
Cotton Yield: pounds per planted acre 1141 970 1141
Price: dollars per pound $0.58 $0.69 $0.66
Cottonseed Yield: pounds per planted acre 1,845 1,570 1,846
Price: dollars per pound $0.13 $0.10 $0.08
Enterprise size (planted acres) 1/ 300 300 300
Production practices: 1/
Percent irrigated 84 84 84
Percent dryland 16 16 16
 
1/ 2015-2017 estimates developed from survey base year, 2015.
2/ Commercial fertilizer, soil conditioners, and manure.

Last Updated on 10/2/2018