Once cotton is harvested, it is stored in modules which hold 13 to 15 bales. A bale of cotton weighs about 500 pounds.
At 70 cents per pound, a module would cost $4,550 (13 bales, 6500 pounds) to $5,250 (15 bales 7500 pounds).
For updated daily cotton prices, go to Indexmundi.com.
Cotton is produced on about 18,600 farms in the U.S. For the years 2010 through 2012, average harvested area was 9.8 million acres, producing an average 17.0 million bales.
Texas, whose 3-year average production was almost 5.5 million bales of cotton for the years 2010 through 2012, is the leading cotton-producing state. Planting begins as early as Feb. 1 in South Texas and as late as June 1 in northern areas of the Cotton Belt.
Find out answers to some of the frequently asked questions about cotton at Cotton.org.