Cotton storage costs for fiscal 1970-71 decreased about 6 percent from 1969-70. Combined storage and handling costs decreased almost 5 percent during the same period. These results are based on analysis of accounting and other data obtained by mail questionnaire from 61 compresses and 27 warehouses. The types of cost given are (1) total cost for all facilities, (2) out-of-pocket cost, which excludes depreciation and interest, (3) total and out-of-pocket cost expected to be incurred in fiscal 1972-73, and (4) short- and long-term competitive rates reflecting the out-of-pocket and total cost of marginal firms, based on projected disappearance and production levels of 10.0 million and 12.1 million bales.
