# ASC 330-905-30: Inventory — Agriculture — 30 Initial Measurement Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/330/905/#30-initial-measurement) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:51:35.402Z to 2026-09-09T23:51:35.402Z Record version: sha256:3b70e7887f705e7533f94ede92f554839b0159deeba389a9f5cd9dec69f8d4d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 330-905-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/330/905/#30-initial-measurement) SEC content: no ##### [330-905-30-1](https://asc.understandingaccounting.org/asc/330/905/#330-905-30-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:51:35.402Z to 2026-09-09T23:51:35.402Z Record version: sha256:b3eb6a555c28725a838b479d5868fac35918c67e5a33fe11958c687ff0a07147 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Exceptional cases exist in which it is not practicable to determine an appropriate cost basis for products. A market basis is acceptable if the products meet all of the following criteria: 1. a They have immediate marketability at quoted market prices that cannot be influenced by the producer. 2. b They have characteristics of unit interchangeability. 3. c They have relatively insignificant costs of disposal. The accounting basis of those kinds of inventories shall be their realizable value, calculated on the basis of quoted market prices less estimated direct costs of disposal. An example is freshly dressed meats produced in meat packing operations. #### Harvested Crops ##### [330-905-30-2](https://asc.understandingaccounting.org/asc/330/905/#330-905-30-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:51:35.402Z to 2026-09-09T23:51:35.402Z Record version: sha256:e0141feeed622fb1904edce9c9ccea3b143fb0a04c89350da79c5aa273f3cfb5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Generally, farming procedures undertaken after the current year harvest benefit the crop of the succeeding year. There may be instances, however, in which additional costs such as costs of special tillage, chopping, or burning are required after harvest of a particular crop to overcome a physical or noxious condition. Those costs shall be estimated and accrued as costs of the [harvested crop](https://asc.understandingaccounting.org/glossary/h/#harvested-crop "An agricultural product, gathered but unsold."). ### Cooperatives ##### [330-905-30-3](https://asc.understandingaccounting.org/asc/330/905/#330-905-30-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:51:35.402Z to 2026-09-09T23:51:35.402Z Record version: sha256:645e82e4f800f2d41a174dc3d01b6e0fc71e4f5484de2dcd7a51d28cfffda32e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [330-905-30-4](https://asc.understandingaccounting.org/asc/330/905/#330-905-30-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:51:35.402Z to 2026-09-09T23:51:35.402Z Record version: sha256:a38c438120dcf18f76617df62e1b5dabc702f66d1f5892a109cd240a10fa6963 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Agricultural cooperatives](https://asc.understandingaccounting.org/glossary/a/#agricultural-cooperative "The Agricultural Marketing Act of 1929 defines a cooperative association as any association in which farmers act together in processing, preparing for market, handling, and/or marketing the farm products of persons so engaged, and also means any association in which farmers act together in purchasing, testing, grading, processing, distributing, and/or furnishing farm supplies and/or farm business services. Provided, however, that such associations are operated for producers or purchasers and conform to one or both of the following requirements: No member of an agricultural cooperative association is allowed more than one vote because of the amount of stock or membership capital he may own therein. The association does not pay dividends on stock or membership capital in excess of 8 percent per year. In addition to meeting either of the requirements in this paragraph, the association shall not deal in farm products, farm supplies, and farm business services with or for nonmembers of an agricultural cooperative in an amount greater in value than the total amount of such business transacted by it with or for members. All business transacted by any cooperative association for or on behalf of the United States or any agency or instrumentality thereof shall be disregarded in determining the volume of member and nonmember business transacted by such association.") operating on a pooling basis may receive products from their patrons without paying a fixed price to the patrons. A cooperative may assign amounts to products on the basis of current prices paid by other buyers or on amounts established by the cooperative's board of directors, or it may assign no amount.