Form QID Prices Received Cotton Operations

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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