Common use of Trending Clause in Contracts

Trending. ‌ For most crops, due to improvements in varieties and management practices, yields generally increase over time. In order to ensure that individual Coverage reflects this trend, individual yield records will be adjusted by a trend factor. Older yield records will be increased more than recent yield records. Adjustments will be made by multiplying individual actual or cushioned yields by a trend factor. The trend factor is a number which reflects the average annual increase in yield for a specific crop in a specific Risk Area.

Appears in 6 contracts

Samples: Fresh Vegetable Insuring Agreement, Grain Corn Insuring Agreement, Safflower and Sunflower Insuring Agreement

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Trending. ‌ For most crops, due to improvements in varieties and management practices, yields generally increase over time. In order to ensure that individual Coverage reflects this trend, individual yield records will be are adjusted by a trend factor. Older yield records will be increased more than recent yield records. Adjustments will be are made by multiplying individual actual or cushioned yields by a trend factor. The trend factor is a number an amount which reflects the average annual increase in yield for a specific crop in a specific Risk Area.

Appears in 4 contracts

Samples: Grain Corn Insuring Agreement, Fresh Vegetable Insuring Agreement, Pulse Crops Insuring Agreement

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