Question on: JSS3 Agricultural Science - Farm Management and Budgeting
Which risk management strategy involves spreading risk by engaging in multiple enterprises?
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Diversification is the risk management strategy that involves spreading risk by engaging in multiple enterprises. By diversifying th, eir agricultural activities, farmers reduce their dependence on a single crop or livestock speciesthereby mitigating the impact of adverse events such as crop failures or market downturns on their overall income.
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