A drought-resistant, saline-alkali-tolerant multifunctional cotton seed coating agent, comprising active component insecticides, bactericides, plant growth regulators, inactive component film-forming agents and auxiliary agents, characterized in that the weight ratio of the components The composition is: Seed dressing 3.4%-4.0%, thiram 3.3%-4.0%, acephate 11.0%-12.0%, fulvic acid 0.1%-0.8%, carboxymethylcellulose sodium 0.2%-0.3% , xanthan gum 0.05%-0.15%, defoamer 0.3%-4.0%, ethylene glycol 4.5%-5.5%, warning color 0.5%-2.0%, water balance. The cotton seed coating agent has the characteristics of high suspension rate, good film-forming property, uniform coating, low shedding rate, low toxicity, convenient use, low cost and the like. It also has the functions of killing insects, sterilizing and promoting growth, resisting salinity and alkali, and resisting drought and water retention. Compared with uncoated, the germination rate of cotton seeds can be increased by about 12%, and the cotton yield can be increased by more than 12%.