Which one of the following would be considered to be a risk management technique used by farmers?

Question

Quizplus · Accepted Answer

Using crop revenue insurance is a common risk management technique used by farmers to protect themselves against unpredictable weather and market fluctuations. It provides farmers with a safety net, allowing them to minimize losses and maintain financial stability in the face of unforeseen events. The other choices do not necessarily involve risk management but rather business decisions, such as changing the parity ratio, increasing product demand, or buying more farmland.

Which One of the Following Would Be Considered to Be