Actual Production History (APH): A measure of an individual farmer’s annual production of a commodity over a multi-year period. The APH serves as the basis for the farmer’s 'normal' crop yield in the crop insurance program. When the actual crop yield deviates by more than a certain percentage from the APH, an insured producer is be eligible for an indemnity (loss) payment.

 

Related Words

Actual Production History (APH): A measure of an individual farmer’s annual production of a commodity over a multi-year period. The APH serves as the basis for the farmer’s 'normal' crop yield in the crop insurance program. . . . View Full Definition

Production Contract: These contracts specify who supplies the production inputs, the quality and quantity of the commodity to be produced, and the compensation for the producer. Under some livestock production c . . . View Full Definition

Production Coordinator: A job title for a person involved in the management side of things - lower than an Assistant Producer. Programmable Handheld the opposite of a 'dedicated handheld.'

Production Credit Association (PCA): Farm Credit System institutions that have direct lending authority to make short and intermediate term loans to eligible retail customers.