What is the year of crops?

The year of crops is the time needed to move from one harvest to another harvest. The year of crops may length approximately a calendar year if the crops are planted only once a year. In some climate, however, there may be two years of crops in the calendar year.

Commodity crop is often referred to the year when it was harvested or harvested, simply because it provides a basic link for all. Some crops, due to the weather or other conditions, will be desirable in one year to be the next year. Common commodity crops include corn, wheat, soybeans and rice. It is harvested next spring. Then, after the harvest, it is possible to insert another planting for harvesting in the autumn. Although Crops were harvested in different seasons, they will be determined as in the same year of crops.

In the case of crops insurance, the year of crops can mean something else. Insurance companies have many times operate what they call the year of crops to coincide with their fiscal year. It usually runs from July 1 to 30.June next year.

Crop insurance uses this method to define the year of crops simply as a matter of accounting. Since most of the demands, especially in corn and cereal belts, often come after the first July, it facilitates insurance companies to maintain demands and payments in the same fiscal year as much as possible.

The year of crops, whether in the insurance sense or in the sense of production, is different from the marketing period of crops, which lasts 12 months from the date of harvest, regardless of when another harvest occurs. In many cases, it can have about the same time period.