Cotton 2018 Planning Budgets
This report is designed to provide necessary planning data to farmers, research and Extension staffs, lending agencies, and others in agriculture. Readers are cautioned that returns presented are labeled “Returns Above Specified Expenses .” Estimated costs for land, management, and general farm overhead are not included in this report. The exception is unallocated labor, which is included. “Returns Above Direct Expenses ” should be used in making 2018 planning decisions. This would be a 1-year short-run decision. Decisions beyond 1 year, or long-run decisions, should be based on “Returns Above Specified Expenses. ”
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