Examples of Threshold Yield in a sentence
Threshold Yield, Actual Yield, Insured Area, Sum Insured and Indemnity levels etc.
In case of multi-year contract, the Threshold Yield for the subsequent years shall be revised by adding/considering the yields of immediate previous corresponding season.
The Threshold Yield for any crop and IU shall compulsorily be part of the notification for the season and shall not change at any point during that season.
For calculation of Threshold Yield, historical average yield of best five out of last seven years shall be considered.
Further Threshold Yield should be defined only at notified area level and once notified in the Notification issued by the State should not be changed at later stage under any circumstances.
While notifying the crop(s) where a specific conversion factor is being used for reporting of yield such as in the case of rice/paddy etc, due care should be taken by the State Nodal Department to use the relevant specific nomenclature for disclosure of Average Yield, Threshold Yield and Actual Yield while releasing the Tender Document and submission of Yield data and CCE data for calculation of admissible claims.
Threshold Yield (TY) shall be notified in the Tender for the current season and the same will be used for claim calculation for that season.
In event when Actual Yield calculated using Crop Cutting Experiments is less then Threshold Yield or any of the covered events occur, the insurer shall calculate the loss as per the payment formula stated in the Policy schedule and shall not require the claim form.
The situation is not any different here in Kenya where several schools suffer due to lack of or inadequacy of physical facilities and instructional materials (UNICEF, 2003).
If the 'Actual Yield' (AY) per hectare of the insured crop for the defined area [on the basis of requisite number of Crop Cutting Experiments (CCEs)] in the insured season, falls short of the specified 'Threshold Yield' (TY), all the insured farmers growing that crop in the defined area are deemed to have suffered shortfall in their yield.