Agricultural produce is defined in AASB 141/IAS 41 as:

Name: Agricultural produce is defined in AASB 141/IAS 41 as:
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Agricultural produce is defined as the harvested product of an entity's biological assets. Biological assets (e.g. crops, livestock) are living animals or plants that are capable of biological transformation (e.g. growth, degeneration, production of offspring). However, the actual agricultural produce refers to the output from these biological assets.

Agricultural Produce Is Defined in AASB 141/IAS 41 As