A question about schemas and models in Mongoose and using populate()

I’ve built 2 very simple schemas below called Farms and Products. Farms has a field which is an array of product references as a Farm can have many products in my design. I’ve been able to use ‘FarmModel’ & ‘ProductModel’ as a gateway to carry out CRUD operations successfully in my JS e.g.

const theFarm = new FarmModel(req.body.myFarm)

But I run into an issue when I try to use populate:

farmModel.findOne({ name: 'Full Belly Farms' })
  .then(farmFound => console.log(farmFound))

ERROR: Schema hasn’t been registered for model “ProductModel” .
What am I doing wrong?

const FarmSchema = new mongoose.Schema({
  name: { type: String, required: [true, "Farm must have a name"] },
  city: { type: String },
  email: { type: String, required: [true, "Email address is reqd"] },
  products: [{ type: mongoose.Schema.Types.ObjectId, ref: 'ProductModel' }]
const FarmModel = mongoose.model('Farm', FarmSchema)

ProductSchema = new mongoose.Schema({
  name: { type: String, required: [true, "Product name must be included"] },
  price: { type: Number, required: true, min: 1 },
  category: { type: String, enum: ['fruit', 'vegetables', 'dairy'], lowercase: true }
const ProductModel = mongoose.model('Product', ProductSchema);

The other question I have is typically when you define a model for a schema you use the following format:
const FarmModel = mongoose.model('Farm', FarmSchema)
FarmModel is the model
FarmSchema is the schema
'Farm' …so what is this called? I know this is used when naming the collection. It’s made plural and the first letter is made lowercase so the collection will be called ‘farms’. I couldn’t find an explanation for this in the documentation.