Cotton Production Costs and Returns: Prairie Gateway

 

Cotton production costs and returns per planted acre, excluding Government payments, Prairie Gateway, 2016-2018 1/

Item 2016 2017 2018
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $434.07 $436.26 $313.17
Secondary product: Cottonseed $100.26 $64.20 $48.51
  Total, gross value of production $534.33 $500.46 $361.68
Operating costs:
Seed $48.83 $48.17 $47.61
Fertilizer  2/ $23.74 $21.34 $20.47
Chemicals $36.09 $35.14 $34.83
Custom operations $9.08 $8.83 $8.99
Fuel, lube, and electricity $37.47 $42.31 $42.98
Repairs $41.26 $42.00 $43.44
Ginning $91.26 $84.91 $56.14
Purchased irrigation water $0.02 $0.02 $0.02
Interest on operating inputs $0.66 $1.48 $2.66
  Total, operating costs $288.41 $284.20 $257.14
Allocated overhead:
Hired labor $12.67 $13.02 $13.80
Opportunity cost of unpaid labor $45.39 $46.64 $49.46
Capital recovery of machinery and equipment $126.39 $129.12 $130.33
Opportunity cost of land $38.64 $38.64 $40.89
Taxes and insurance $9.52 $10.14 $10.21
General farm overhead $10.68 $10.87 $11.24
  Total, allocated overhead $243.29 $248.43 $255.93
Total costs listed $531.70 $532.63 $513.07
 
Value of production less total costs listed $2.63 ($32.17) ($151.39)
Value of production less operating costs $245.92 $216.26 $104.54
 
Supporting information:
Cotton Yield: pounds per planted acre 689 661 429
Price: dollars per pound $0.63 $0.66 $0.73
Cottonseed Yield: pounds per planted acre 1,114 1,070 693
Price: dollars per pound $0.09 $0.06 $0.07
Enterprise size (planted acres) 1/ 931 931 931
Production practices: 1/
Percent dryland 72 72 72
Percent irrigated 28 28 28
 
1/ 2015-2017 estimates developed from survey base year, 2015.
2/ Commercial fertilizer, soil conditioners, and manure.
 
Last Updated on 5/1/2019