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Explain the possible responses towards agricultural products' price fluctuations.

Explain the possible responses towards agricultural products' price fluctuations.

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Jim
-Climatic conditions – adaptation (e.g., CSA, less water demanding crops or breeds), forecasting system or early warning system, promotion of irrigation system.
-Sudden change of consumer preferences – wider range of alternatives
-Political and financial panic – promotion of peace and security.
-Policy shifts – participatory approach and to stabilize domestic markets (tariffs, taxes, subsidies).
-Price fluctuation of related commodities or services – alternatives of wide range, diversification – altering trade.
-Storage facilities– across the sectors.
-Insurances to cushion resource constraint producers.
-A robust forecaster model or system.
jim items answered the question on February 5, 2019 at 16:02

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