Definition of Gross crop value

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TeachMeFinance.com - explain Gross crop value



Gross crop value

The term 'Gross crop value' as it applies to the area of reclamation can be defined as ' This value is the sum of annual receipts from sale of crops produced. Production of crops, such as pasture and hay which normally are consumed on the farm by livestock, shall be converted to cash market values and included with crop sales. Total market value of all crop production from irrigated lands before deducting costs of production. Unit prices represent the weighted average prices received by farmers for the part of the crop that is sold. Production and price information are obtained from reports of farmers, project-operating personnel, local agricultural specialists, and State-Federal agricultural statisticians'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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