INCOME DIVERSIFICATION: refers to the practice of generating income from multiple sources or activities. For farmers in the farming business, income diversification can offer several benefits: 1. Risk management: Diversification helps mitigate the risk associated with a single crop or livestock. By expanding the range of products or activities, farmers are less vulnerable to price fluctuations, weather conditions, pests, or diseases affecting any particular crop. 2. Stable income: Different inco
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INCOME DIVERSIFICATION: refers to the practice of generating inco…
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INCOME DIVERSIFICATION: refers to the practice of generating income from multiple sources or activities. For farmers in the farming business, income diversification can offer several benefits: 1. Risk management: Diversification helps mitigate the risk associated with a single crop or livestock. By expanding the range of products or activities, farmers are less vulnerable to price fluctuations, weather conditions, pests, or diseases affecting any particular crop. 2. Stable income: Different inco
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3.3K views | Want to know what successful farm diversification looks like? ️ This is what Farm Business Innovation Show is all about! Head to the show next week, 5-6 November, and attend brilliant sessions with Tulleys Farm and others like them to get inspired! 欄 FIND OUT MORE: https://www.farmbusinessshow.co.uk/ | Farmers Guardian | Facebook
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