Year: 2024 | Month: March&June | Volume 11 | Issue 1&2
Success of a Farmer through Enterprise Diversification
Parveen Kumar
Raj Kumar
DOI:10.30954/2394-8159.01.2024.7
Abstract:
A single enterprise in the farms runs the risk of ruining the fortunes of farmers in case some calamity strucks the fields and results in devastation of crops. The need therefore is to have approaches which ensure a regular income for the farmers even in case of failure of one crop/enterprise. One such approach is to have more than one enterprise or produce more than one product to avoid having your income totally dependent on the production and price of one product. If profit from one product is poor, profit from producing other products may prevent total profit from falling below acceptable levels. The present success story of an innovative farmer from District
Ramban in Jammu and Kashmir highlights how the farmer doubled his income after enterprise diversification. This also helped him reduce his dependence on external inputs and recycle his farm and animal waste.
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