The ELS Cotton Loan Calculator facilitates calculation of Commodity Credit Corporation (CCC) ELS loan premium and discount values given high-volume instrument (HVI) classing information. This program is updated annually to reflect changes in the premium and discount schedule for each year’s ELS cotton crop.
The ELS Cotton Loan Calculator was designed for the evaluation of variety trials, but can be used for any application involving the calculation of ELS loan values. The program calculates net returns over harvest costs on a per acre basis.
To calculate loan values for each sample, the ELS Cotton Loan Valuation Program requires manual user entry of HVI classing results. This includes: color and leaf grades, micronaire, length in inches, strength in grams per tex, uniformity index and extraneous matter for each sample.
The program is distributed as an Excel workbook. For the program to perform properly, the user must enable Macros. It should be possible to enable macros by simply clicking allow content when you open the file. If that does not work, change your macro security settings by clicking on File (top left corner of Excel), then select Trust Center, then click on Trust Center Settings. In the Trust Center menu, click on Enable all macros, then click Ok.
Questions, comments, and suggestions are welcome. Please send an email to Jon Devine, we are happy to help.
Disclaimer:
The information contained herein is derived from public and private sources believed to be reliable; however, Cotton Incorporated cannot guarantee its accuracy or completeness. No responsibility is assumed for the use of this information and no express or implied warranties or guarantees are made. The software is provided “As Is”, without warranty of any kind, express or implied, including but not limited to the warranties of merchantability, fitness for a particular purpose and noninfringement.In no event shall the authors or copyright holders be liable for any claim, damages or other liability, whether in an action of contract, tort or otherwise, arising from, out of or in connection with the software or the use or other dealings in the software.
© 2025 Cotton Incorporated. All rights reserved; America’s Cotton Producers and Importers
2025 ELS Loan Calculator program revised July 15, 2025