Mature biological assets are those that have attained harvestable specifications or are able to sustain regular harvests whereas immature biological assets have not yet reached that stage.
Bearer biological assets are biological assets from which other biological assets or agricultural produce are obtained, such as dairy cattle or fruit trees.
Consumable biological assets are those that are to be harvested as agricultural produce or sold as biological assets, such as beef cattle or crops for harvest such as wheat
Biological transformation is the process of growth, degeneration, production, and procreation, which causes qualitative and quantitative changes in a biological asset
Biological assets are the principal assets of agricultural activities, and they are held for their transformative potential.