Agricultural Diversification: Need for Modern Farming

Abstract

Agricultural diversification refers to the process by which farmers transition their farm businesses from conventional to high-value-added modern businesses. It boosts farm income, creates job possibilities, and helps farmers manage risk. Agricultural diversification has been proven to be the most effective technique for reducing risk in some naturally disturbed areas, such as flood-prone areas and drought-affected areas, according to the majority of research in the literature. With the relevance of agricultural diversity in mind, this paper attempts to examine the importance of adopting agricultural diversification in various areas of agriculture by studying various literature on the subject. Agricultural diversity, it goes on to say, stabilizes or protects farm revenue or production during natural disasters or market inefficiencies.