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2. Types of uncertainty in Agriculture
a. Price uncertainty: Prices of products / inputs are not known to the farmers with certainty b. Yield uncertainty : Farmers may not able to predict the yield of crops with certainty because of weather conditions, incidence of pests and disease, etc. c. Technological uncertainty: farmers may not be aware of the exact impact of new technology on the quantity and quality of yield. d. Institutional uncertainty: Conditions of tenure, functioning of credit agencies are examples for institutional uncertainties. |
Last modified: Thursday, 14 June 2012, 10:30 AM