Crop Year

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 ?
The 2019-20 crop year is well underway in Canada, and grain shippers are watching how Canadian National (NYSE:CNI) and Canadian Pacific (NYSE:CP) will manage service levels during another year of potentially high grain volumes, particularly in the winter months when cold weather and competing commodities threaten rail performance.
Department of Agriculture's Risk Management Agency will defer accrual of interest for spring 2019 crop year insurance premiums for all agricultural producers until Nov.
ISLAMABAD -- The requirements of improved seed varieties of different pulses for crop year 2019-20 was estimated at 9,449 as against the availability of 1,401 metric tons of same period of lat year.
Department of Agricultures (USDA) Risk Management Agency (RMA) announced it will defer accrual of interest for all agricultural producers spring 2019 crop year insurance premiums to help the wide swath of farmers and ranchers affected by extreme weather in 2019.
More sugar imports mulled !-- -- Louise Maureen Simeon (The Philippine Star) - August 7, 2019 - 12:00am MANILA, Philippines Newly-appointed Agriculture Chief William Dar is open to allowing more sugar imports to meet demand as local production is expected to remain low in the next crop year. While he has yet to meet with the Sugar Regulatory Administration (SRA), Dar said his goal is to always ensure food security.
"RHI produced a significantly lower volume of refined sugar from 2.2 million LKg bags last crop year to 1.1 million LKg bags this crop year," Tubio explained.
This is the second importation the agency has authorized for the crop year, which began in September last year.
The Grain Plan reviews CN's performance during the previous crop year, which was a CN all-time record, assesses CN's ability to move anticipated levels of grain during the upcoming crop year, and it identifies specific steps that CN is taking to ensure it has the necessary capacity to move grain efficiently.
Grain harvesting continues in Azerbaijan and in this crop year, 1,009,139.8 hectares were allocated for cereals, of which 677,793 hectares for wheat and 331,346.8 hectares for barley,Trendreports referring to the Azerbaijani Agriculture Ministry.
Planters said sugar output at the end of the current crop year on August 31 will hit the government's forecast of 2.07 million metric tons (MMT), which will be enough to meet the country's requirement for the sweetener.
Peru, Papua New Guinea and Ecuador are also relevant producers with an April to March crop year. Harvesting of these producers' 2019-20 crop is already underway with expectations of a fairly large off-year crop in Brazil given the generally favourable weather during the growing season.
Iran has envisaged producing at least 13.5 tons of wheat during the current crop year, which started in late September, Esfandiaripour said.