Harvested Production definition
Examples of Harvested Production in a sentence
December 31 • File Harvested Production Report (HPR) with late filing fee • Pay any current year’s outstanding accounts • Failure to file an HPR by this deadline will result in a yield recorded as zero and no Indemnity will be calculated.
November 15 File Harvested Production Report (HPR) See Harvested Production section for requirements when filing your HPR.
Harvested Production Report (HPR): on a form acceptable to AFSC once harvest is complete and not later than November 15.
Harvested Production from irrigated and dryland acres must be stored and reported separately.
In the event that the Harvested Production is stored in such a manner that it is not possible to obtain an accurate production count (e.g. stored with uninsured production) AFSC may assign Uninsured Causes of Loss up to Coverage or prorate production.
AFSC may count ▇▇▇▇▇▇▇▇▇ Inventory and uninsured production as part of the Harvested Production if the Insured fails to report, store separately and/or identify previous year’s production, or grain purchases.
Before AFSC pays post harvest Indemnity, the Insured must file a Harvested Production Report.
Where, after the HPR is filed, Harvested Production of an Insured Crop is less than total Coverage after consideration of grade, weight, dockage, and moisture content, AFSC will determine Adjusted Production.
Allowance for Low Yield will be applied to the Harvested Production adjusted for dockage, moisture, grade relative to Designated Grade, Volunteer Production, and production due to Uninsured Cause of Loss.
If the Insured has production from a crop harvested after November 15, that production is to be reported and is included in the Insured’s Harvested Production for the year in which the crop would normally be harvested.