Why diversification in agriculture and tourism is needed?

Why is diversification in agriculture and tourism needed?

The study found that farmers’ attitudes towards the following three reasons were positive, therefore there are motives for agri-tourism: it is important to diversify their farm business for long-term financial security; it provides the best opportunity for generating extra income; and it is the only choice available …

What is the importance of diversification in agriculture?

Crop diversification can increase the affordability and accessibility of diverse and nutritious foods, generate income for farmers and make the agricultural system more resilient to climate change.

Why is proper agricultural management necessary?

the proper agricultural and management of food distribution is necessary because proper agriculture management will be not good then crops will be failed & we will be getting nothing.

What is diversification in investment?

Diversification is an investing strategy used to manage risk. Rather than concentrate money in a single company, industry, sector or asset class, investors diversify their investments across a range of different companies, industries and asset classes.

What are the benefits of diversification?

The benefits of diversification include:

  • Minimizes the risk of loss to your overall portfolio.
  • Exposes you to more opportunities for return.
  • Safeguards you against adverse market cycles.
  • Reduces volatility.
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Why is there a need for diversification?

Diversification may help an investor manage risk and reduce the volatility of an asset’s price movements. … You can reduce risk associated with individual stocks, but general market risks affect nearly every stock, so it is also important to diversify among different asset classes.

What is the most important requirement for agriculture?

SOIL CONDITIONS/MANAGEMENT

(Soil is the basis of all agricultural production, and the conservation and improvement of this valuable resource is essential. Good soil husbandry ensures long- term fertility of soil, aids yield and profitability.)

Why we need proper management and distribution of food is necessary?

The proper management of food results in safe, healthy and nutritious production of food . … The poor distribution of food can cause the loss and spoilage of food which result in economic loss. Overall the regular production as well as the distribution is necessary in order to fulfill the people demand for food.