A survey of 39 sample gins in the San Joaquin Valley of California in 1973/74 revealed no change from the previous season in average rated ginning capacities, but lower averages in annual volumes ginned and plant capacity utilization. Operating cost averages, per bale, ranged from $19.39 for out-of-pocket to $25.23 for total standardized costs—up $3.12 and $3.59, respectively, from 1972/73. Ginning revenues, per bale, from all sources combined, for independents and some cooperatives in the sample, were up almost $8.00 over last season.