Management Report 2020
Management Report 2020
Actual cost of
production
SLC Agrícola
TABLE 6. ESTIMATED PRODUCTION COST PER CROP, 2020/21 CROP YEAR
%
Variable costs
Seeds
Fertilizers
Chemicals
Cotton Soybean
Corn
20/21 Average 19/20 Average
83.1
77.5
81.8
80.8
79.5
9.8
14.7
18.2
12.4
12.1
21.3
21.3
36.4
22.5
22.1
28.6
24.3
14.5
25.3
23.8
Aerial spraying
1.6
1.0
1.5
1.4
1.7
Fuels and lubrificants
2.9
3.3
3.0
3.0
3.6
Labor
0.9
0.7
0.4
0.6
0.6
Processing
8.3
2.6
2.4
5.8
6.2
Maintenance of machines and implements
3.5
4.3
3.2
3.7
4.1
6.2
5.3
2.2
6.1
5.3
Fixed costs
Labor
16.9
22.5
18.2
19.2
20.5
7.3
9.3
7.4
8.0
8.1
Depreciation and amortization
4.5
6.2
4.5
5.1
4.8
Amortization of the right of use - Leases
3.1
4.5
4.3
3.8
5.1
Other
2.0
2.5
2.0
2.3
2.5
TABLE 7. ACTUAL (2019/20) AND ESTIMATED (2020/21) PRODUCTION COST
Total (R$/ha)
Cotton 1st crop
Cotton 2nd crop
2019/2020¹ Actual
2020/2021 Estimated
HA
9,362
9,899
5.7%
8,264
9,306
12.6%
Soybean
3,015
3,300
9.5%
Corn 2nd crop
2,545
2,858
12.3%
Custo médio total²
4,735
5,168
9.1%
The costs per hectare estimated
for the 2020/21 crop year reg-
istered an average increase in
Brazilian real of 9.1% compared
to the actual costs in the
2019/20 crop year, basically
due to the depreciation of the
Brazilian real against the U.S.
dollar in the period, since ap-
proximately 60% of costs are
denominated in the currency.
Other
9,1% average increase in costs per
hectare, driven by the increase in the
exchange rate between the
2019/2020 and 2020/2021 crops
1. Values may change until the end of the cotton processing and the commercialization of the grains.
2. Weighted by areas of the 2019/2020 Crop Year to avoid changes arising from variations in the product mix.
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