Understanding Appraised Production [Agriculture]: A Legal Perspective
Definition & Meaning
Appraised production in agriculture refers to the estimated yield of a crop that has not been harvested but is assessed for its potential yield at the time of appraisal. This estimate is typically provided by authorized entities such as the Agricultural Stabilization and Conservation Service (ASCS) or the Federal Crop Insurance Corporation (FCIC). It is important to note that appraised production does not include any yield lost due to causes that are not insurable.