QID Prices Received Cotton profile operations

Agricultural Prices

0003-agprices-07-cotton-coop

Agricultural Prices

OMB: 0535-0003

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Project Code 186 QID 050090

OMB No. 0535-0003: Approval Expires 6/30/2007

COTTON MARKETINGS AND CASH PURCHASES BY COOPERATIVES

June 2007

NATIONAL

AGRICULTURAL STATISTICS

SERVICE

Please make corrections to name, address and Zip Code, if necessary.



North Carolina Field Office

P.O. Box 27767

Raleigh, NC 27611

1-800-437-8451

Fax: 919-856-4139

E-mail: [email protected]


Dear Reporter:


Average prices received by farmers for cotton are needed to compute price indexes, parity prices, and farm income. By supplying the information requested below, you will be helping to accurately estimate prices received by farmers.


Response to this survey is voluntary and not required by law However your cooperation is very important to the accuracy of the cotton price. Individual reports are kept confidential. Please fax your report or mail it in the enclosed postage paid envelope. Thank you.


OFFICE USE

001

002



2





















Instructions for Estimating Prices

Report the price and number of bales marketed based on actual pooled cotton sales during the month specified. The price should reflect an f.o.b. warehouse price. Exclude cotton forfeited to CCC.


To arrive at an f.o.b. warehouse price, start with the average price received per pound of cotton sold or income for sales of cotton during the month. Then, make the necessary adjustments, if any, listed below.



ITEMS to be DEDUCTED from reported price:


ITEMS NOT to be DEDUCTED from reported price:


Handling, processing, transportation, and marketing charges

after delivery to the warehouse until sold;


Storage expenses;


Interest expenses;


Losses from hedging;


Allowance for weight lost in storage;


Compression and loadout;


Any government payments (i.e., loan deficiency payments);


Marketing Loan Gains from redeeming loans at less than

loan value (AWP);


Income from commodities other than cotton or income derived

from manufacture of material;


Income or dividends from capital investment.


Transportation costs to the warehouse;


Warehouse receiving charges;


Producer check-off fees for the Cotton Research and

Promotion Assessment Program;


Capital retains from cotton marketings;


Expenses reimbursed by government

(i.e., storage and interest);


Storage income from private firms or government;


Interest income;


Income from hedging;


Allowance for weight gained in storage;


Anticipated end-of-year distributions from

cotton marketings.

Note: If current deductions or add-ons are not available, use the average of the previous 3 years projected to the current year.


INSTRUCTIONS for ESTIMATING MARKETINGS


Monthly Bales marketed by state of origin should be estimated using each state's percentage of the total cooperative inventory

unless actual marketings are available on a continuing basis.


1. Pool Marketings and Cash Purchases of UPLAND Cotton


State of Origin

OFFICE USE


(FIPS CODE)

2006 and Earlier Upland Cotton

Full Month of May

Corresponding accounting period may be used


First Two Weeks of June

Corresponding accounting period may be used.

Bales

Cents Per Pound


Bales

Cents Per Pound

North Carolina

731

741

751

_ _ . _


761

771

_ _ . _

     

732

742

752

_ _ . _


762

772

_ _ . _

     

733

743

753

_ _ . _


763

773

_ _ . _

     

734

744

754

_ _ . _


764

774

_ _ . _

     

735

745

755

_ _ . _


765

775

_ _ . _

     

736

746

756

_ _ . _


766

776

_ _ . _

     

737

747

757

_ _ . _


767

777

_ _ . _

     

738

748

758

_ _ . _


768

778

_ _ . _

     

739

749

759

_ _ . _


769

779

_ _ . _

TOTAL ALL STATES


750



770






















COMMENTS

     
























Reported: __________________________________________ Phone: ( ) ________-______________ Date: __________________





















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File Typeapplication/msword
File TitleProject Code 186 QID 050090
AuthorJeweAn
Last Modified Bymcbrgi
File Modified2007-06-01
File Created2007-06-01

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