Sharing in the Risk of Crop Failure Sample Clauses

The "Sharing in the Risk of Crop Failure" clause establishes how the financial consequences of crop failure are distributed between the parties involved, such as a farmer and a buyer or investor. Typically, this clause outlines the proportion of losses each party will bear if the harvest yields less than expected due to factors like weather, pests, or disease. For example, the buyer might agree to absorb a percentage of the loss, or payments may be adjusted based on actual yield. The core function of this clause is to allocate risk fairly, providing both parties with a clear understanding of their responsibilities and reducing the potential for disputes in the event of unforeseen agricultural setbacks.
Sharing in the Risk of Crop Failure. We promise to do our best to provide you with a bountiful share each week. The quantity of produce however, may vary from week-to-week due to extreme weather, insects, or other production factors despite our best efforts. By joining our CSA, you are agreeing to share the risk of crop failure with us and other members. In the event of a crop failure, our procedure is as follows: If only a small portion of crops fail, we compensate for the failed crops by filling your share with other crops grown on the farm that are ready for harvest at that time. If a large portion of crops fail, we may not be able to deliver any product in some weeks. In addition to our CSA, our farm sells at our farm stand and at farmers’ markets. Although production is not segregated, our CSA receives priority. After filling our CSA share with the week’s harvest first, the remainder is sold to our other markets.
View SourceView Similar (3)
Sharing in the Risk of Crop Failure. The Farm strives to provide its members with a bountiful share each week. The quantity, however, may vary from week-to-week, season-to-season, due to extreme weather, insects, or other production factors despite the best efforts of the farmer. By joining the CSA, you are agreeing to share the risk of crop failure or widespread losses with the farmer and other members. By diversifying into many different crops and even different varieties within each crop, using succession plantings, adding positive human ingenuity to create more favorable growing conditions such as drip irrigation, row covers, and greenhouses, the inherent risks are minimized, and the chances of scarcity are negligible. Each year, experience gained through trial and error and continued education has further reduce risks.
View Source
Sharing in the Risk of Crop Failure. Farming is one of the few remaining industries that is still beholden to the whims of mother nature. While we attempt to grow a wide variety of crops that will thrive in a variety of climates, extreme weather conditions (i.e. constant heavy rain, hail, frost) can affect crop production and damage produce. We promise to do our best to provide you with a bountiful share each week and our crop plan includes overage for unexpected events. The quantity of produce, however, may vary from week-to-week due to extreme weather, insects, or other production factors beyond our control. As a member of our CSA you are agreeing to share the joys of a bountiful harvest as well as the risk of crop failure with us and other members. In the unlikely event of a crop failure, our procedure is as follows: If only a small portion of crops fail, we compensate for the failed crops by filling your share with other crops grown on the farm that are ready for harvest at that time. If a large portion of crops fail, we may not be able to deliver any product in some weeks.
View Source
Sharing in the Risk of Crop Failure. We promise to do our best to provide you with a bountiful share each week. The quantity of produce, however, may vary from week-to-week due to extreme weather, insects, or other production factors despite our best efforts. By joining our CSA, you are agreeing to share the risk of crop failure with us and other members. In the unlikely event of a crop failure, our procedure is as follows: We compensate for the failed crops by filling your share with other crops grown on the farm that are ready for harvest at that time.
View Source
Sharing in the Risk of Crop Failure. We promise to do our best to provide you with a bountiful share each week. The quantity of produce, however, may vary from week-to-week due to weather, insects, or other production factors despite our best efforts. By joining our CSA, you are agreeing to share the risk of crop failure with us and other members. In the unlikely event of a crop failure, our procedure is as follows: We compensate for the failed crops by filling your share with other crops grown on the farm that are ready for harvest at that time. This may include loading the shares with just a few items, rather than having a wide variety which is ideal. We may cover for a crop loss by buying in from other local farmers or gardens, most or all of whom were listed in the table on the previous page. This may not be a feasible option for all crops because of cost or widespread failure. For example, in 2012, our cucumbers were attacked by stinkbugs. We replaced them with cucumbers from a partner farm, and then replaced them with eggplant for a few more weeks.
View Source

Related to Sharing in the Risk of Crop Failure

  • RISK OF THE PROPERTY As from the time of the sale, the Property shall be at the sole risk of the Purchaser as regards to loss or damage of whatsoever nature or howsoever occurring including by fire or other accidents, state of cultivation, non-occupation or otherwise.

  • Title; Risk of Loss Title to and risk of loss of the deliverables shall pass to the City only when the City actually receives and accepts the deliverables.

  • Delivery; Risk of Loss Deliveries must be made both in quantities and at times specified on the face of the Purchase Order or in Buyer's schedules and time is of the essence. Buyer’s delivery schedules are an integral part of the Purchase Order, are governed by these terms and conditions and are not independent contracts. ▪ Buyer will not be required to make payment for goods delivered to Buyer that are in excess of quantities specified in Buyer's delivery schedule on the Purchase Order or in written releases issued by Buyer. Buyer may reject any deliveries made after or before the specified delivery date. Seller will bear all costs and damages incurred by Buyer due to late or early delivery. ▪ If Seller fails to meet the agreed upon delivery requirements for reasons other than those specified in paragraph 13 below, and Buyer requires a more expeditious method of transportation for the goods than the transportation method originally specified, Seller shall ship the goods as expeditiously as possible at Seller's expense and invoice Buyer for the amount, if any, that Buyer would have paid for normal shipment. ▪ Unless provided otherwise in the Purchase Order, all goods are sold DAP. Seller shall be responsible for and bear the risk of any loss or damage to the goods until received by the Buyer.

  • What if a Prohibited Transaction Occurs If a “prohibited transaction”, as defined in Section 4975 of the Internal Revenue Code, occurs, the ▇▇▇▇▇▇▇▇▇ Education Savings Account could be disqualified. Rules similar to those that apply to Traditional IRAs will apply.

  • Economic Risk The Purchaser realizes that the purchase of the ------------- Stock will be a highly speculative investment and involves a high degree of risk, and the Purchaser is able, without impairing financial condition, to hold the Stock for an indefinite period of time and to suffer a complete loss on the Purchaser's investment.