 Characteristics and Production Costs of U.S. Cotton Farms, 2007No 142358, Economic Information Bulletin from United States Department of Agriculture, Economic Research Service Abstract: Agricultural Resource Management Survey (ARMS) data for 2007 highlight the production\r practices and costs related to the cotton enterprise, as well as the characteristics of\r U.S. cotton farm operations. Combining ARMS data with ERS cost-of-cotton production\r estimates for 2007 provides a 1-year snapshot of cotton producers. For instance, low-cost producers reported higher yields and lower levels of major inputs per planted cotton acre than mid- and high-cost producers in 2007. Southwest producers accounted for a larger share of the smaller U.S. cotton crop in 2007 due to their lower cotton production costs and lack of alternative crops. Most U.S. cotton is produced on very large diversified farm\r operations, with cotton often constituting a small share of these operations’ total acres. In contrast, producers with larger cotton enterprises in 2007 relied more on their cotton crop, making them vulnerable to changes in cotton prices or yields. These producers, however, were also more likely to offset greater risks by purchasing revenue insurance on cotton. Keywords: Agribusiness; Agricultural Finance; Farm Management (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:uersib:142358 Access Statistics for this paper More papers in Economic Information Bulletin from United States Department of Agriculture, Economic Research Service Contact information at EDIRC. |
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