The 2018 Australian Cotton Comparative Analysis (ACCA) is the fourteenth report produced by Boyce Chartered Accountants in conjunction with the Cotton Research & Development Corporation (CRDC). From 1986 to 2004 the report was compiled independently by Boyce. Having over 30 years of data in the same format for any industry is a valuable resource.

In this report, an analytical review of the 2018 results, a comparison with prior years, and comments on emerging trends is presented.

Financial analysis using comparative statistics helps farmers identify relative strengths and weaknesses; accompanying budgets and long term business plans will then focus on ways to overcome weaknesses and build on strengths. In other words, this Comparative Analysis is a management tool to implement change and to identify where effort should be directed on a day to day basis.

This analysis does not provide all the answers - it is a benchmark or a standard to strive for. It is up to management to develop and implement specific action plans based on improved knowledge to set and achieve new goals.

The reliable, independent figures in the Comparative Analysis provide the starting point for farmers to develop "best practice".

This analysis has been running since 1986 so if growers or other interested parties require more long term data and analysis, please contact Boyce Chartered Accountants to discuss the results and to clarify any queries so that we all develop a deeper understanding of the industry.