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"Recently the Government of India has taken numerous steps towards increasing the farmer's income through agricultural diversification." In light of the above statement - Economics

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Question

"Recently the Government of India has taken numerous steps towards increasing the farmer's income through agricultural diversification."

In light of the above statement, explain any two advantages of diversification in agriculture.

Short/Brief Note
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Solution

The following are some advantages of agricultural diversification:

  1. Minimisation of market risk: Crop diversification increases the production of multiple crops rather than only one crop. It has reduced the market risk brought on by price fluctuations.
  2. Increase in income: The income of people living in rural regions has increased as a result of crop diversification, such as the multi-cropping pattern, and diversification of production activities, such as animal husbandry, fisheries, and horticulture.
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2022-2023 (March) Outside Delhi Set 1

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