A new crop, it yields fruit (7)
I believe the answer is:
apricot
'fruit' is the definition.
(apricot is a kind of fruit)
'a new crop it' is the wordplay.
'new' indicates anagramming the letters.
'crop'+'it'='cropit'
'cropit' is an anagram of 'pricot'.
'a'+'pricot'='APRICOT'
'yields' acts as a link.
(Other definitions for apricot that I've seen before include "Juicy fruit" , "shade" , "Small, peach-like fruit" , "Asian fruit" , "Juicy stone-fruit related to plum and peach" .)