Cost of cultivation is considered as an important economic indicator for decisions on economic policies made by the Government of India. Early to 1970’s farmers used farm produced inputs only for cultivation of crops. After 1970, with the advent of green revolution, agriculture practices became more capital intensive and investment oriented. Therefore, reliable and representative estimates on cost of cultivation of agricultural crops were obvious to formulate an appropriate strategy for planned agricultural development. The present study was under taken in Dharwad district of Karnataka. A total of 150 sample farmers were selected through random sampling technique for the study. Tabular analysis and budgeting techniques were employed. The study revealed that farmers in the study area used seed rate as per the recommendation in case of maize, cotton and chilli and more seed rate than recommended in case of rice, chickpea and soybean cultivation. Farmers used organic fertilizers less than the recommended dose. Cost of cultivation of selected crops under rainfed situation was found to be ` 25181.16, 22629.66, 19324.56, 28178.37, 36986.72 and 21509.00 for chickpea, rice, soybean, cotton, chilli and maize, respectively. Cost of cultivation of cotton, chilli and maize under irrigated conditions were found to be ` 34835.73, 36986.72 and 28511.04, respectively. Based on B:C ratio, it is more profitable to grow cotton under both irrigated (2.46) and rainfed (2.25) situations compared to chickpea (1.58), rice (1.26), soybean (1.72), irrigated chilli (2.43), rainfed chilli (2.07), irrigated maize (1.88) and rainfed maize (1.80).