Crop Year

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Crop Year

1. In agricultural commodities, the period of time between two harvests. For many crops, this approximates a calendar year but some may have two crop years each calendar year. Due to weather and other conditions, the quality of the commodity may vary by crop year and thus affect pricing. Examples of commodities with crop years include corn, rice, and wheat.

2. In crop insurance, the fiscal year in which claims are processed. This is used in bookkeeping simply to keep as many claims and payments as possible in the same fiscal year. This is particularly important because crop insurance claims tend to be made around the same time, that is, following a bad harvest.
References in periodicals archive ?
These commodity provisions will last for the 2014-2018 crop years.
This throughput is on par with the average to-date performance over the last five crop years.
Barth added that the recession in the hop market until 2005 was followed by an unprecedented boom on the spot markets in crop years 2006 to 2008.
Last crop year Canada didn't export any dry peas or lentils to Morocco, but exports of each averaged 667,550 and 218,880 tonnes, respectively during the previous two crop years.
The CONAB release also included a supply/demand picture for Brazil stocks calculated over the last nine crop years (April/March) beginning with the 2001 crop and including estimates for the 2009 crop.
After two consecutive short crop years, plenty of good quality fruit should be in stores to support Bramley Apple Week, according to industry representatives.
With corn and soybeans offering farmers more attractive returns for the past several seasons, cotton acreage and production have declined worldwide for the past three crop years.
Fogel said the price tag was $13 billion last year alone and that the 10-year costs going forward would likely exceed the CBO projection of $40 billion in savings over that span derived from repealing direct payments based on farmers' historical program payments, acres and yields, and payment rates for 20082012 crop years.
The end of the 2011/12 international crop year then sees, a far more comfortable global stocks/consumption situation than that of the two preceding crop years.
English Bramley growers are to invest 350,000 [pounds sterling] this season in a promotion to win back custom from buyers disillusioned by two short crop years.
The five Central American countries have in good crop years produced close to 15 million 60 kg bags, which accounts for some 13-15% of world production, some 20 percent of world exports, and up to 30% of total exports of high-quality mild washed Arabica coffee.
the Steiner report found, has been extremely firm with crop of 1990 and 1991 heavily sold, while sales of later crop years have been more active than in the past years, reflecting in the prices being paid to producers.