What is any crop or other commodity produced, regardless of whether or not it is insurable called?

An agricultural commodity is something that was once a living organism, or something made from that organism. These commodities would be used for human or animal foods, shelter or natural fiber. An example would be cotton which is used for many items including materials for clothing and medical use.

Many countries rely on agricultural commodities to sustain life and financial wellbeing. Many of these commodities are compromised due to weather, and other conditions beyond the farmer’s control, so the price will fluctuate depending upon availability. This grouping of items ranges from wheat to wood and land and sea animals.