Cotton Production Costs and Returns: United States

 

Cotton production costs and returns per planted acre, excluding Government payments, U.S., 2016-2018 1/

Item 2016 2017 2018
  Dollars per planted acre
Gross value of production:
Primary product: Cotton $538.68 $547.86 $471.96
Secondary product: Cottonseed $117.00 $89.95 $70.28
  Total, gross value of production $655.68 $637.81 $542.24
Operating costs:
Seed $69.10 $68.35 $67.06
Fertilizer  2/ $62.06 $55.77 $53.02
Chemicals $65.77 $64.41 $63.01
Custom operations $18.03 $17.75 $17.71
Fuel, lube, and electricity $38.18 $43.27 $44.62
Repairs $47.51 $48.38 $49.80
Ginning $121.72 $117.17 $95.14
Purchased irrigation water $3.12 $3.13 $3.01
Interest on operating inputs $0.98 $2.19 $4.11
  Total, operating costs $426.47 $420.42 $397.48
Allocated overhead:
Hired labor $16.40 $16.91 $17.71
Opportunity cost of unpaid labor $37.51 $38.36 $40.94
Capital recovery of machinery and equipment $148.91 $152.28 $152.95
Opportunity cost of land $69.54 $70.24 $73.02
Taxes and insurance $10.28 $10.99 $11.01
General farm overhead $13.88 $14.22 $14.53
  Total, allocated overhead $296.52 $303.00 $310.16
Total costs listed $722.99 $723.42 $707.64
 
Value of production less total costs listed ($67.31) ($85.61) ($165.40)
Value of production less operating costs $229.21 $217.39 $144.76
 
Supporting information:
Cotton Yield: pounds per planted acre 804 794 621
Price: dollars per pound $0.67 $0.69 $0.76
Cottonseed Yield: pounds per planted acre 1,300 1,285 1,004
Price: dollars per pound $0.09 $0.07 $0.07
Enterprise size (planted acres) 1/ 626 626 626
Production practices: 1/
Percent dryland 68 68 68
Percent irrigated 32 32 32
 
1/ 2015-2017 estimates developed from survey base year, 2015.
2/ Commercial fertilizer, soil conditioners, and manure.

Last Updated on 5/1/2019