What is agricultural diversification in rural development & which type of agriculture practice in those parts of the world where population is low & plenty of land is available?
Agriculture Diversification refers to either a change in cropping pattern or the farmers opting for other non-farming options like poultry farming, animal husbandry, etc. This practice allows farmers to expand the production, which helps generate a higher level of income. Crop diversification refers to the addition of new crops or cropping systems to agricultural production on a particular farm taking into account the different returns from value- added crops with complementary marketing opportunities. The degree of crop diversification is closely influenced by the soil characteristics, soil moisture, amount of rainfall received, the availability of irrigation facilities, the accessibility of the arable land and the technology deployed by the cultivators. Crop diversification is the process of shifting from regional dominance of one crop to regional production of various numbers of crops. Crop diversity or crop biodiversity is the variety and variability of crops, plants used in agriculture, including their genetic and phenotypic characteristics. It is a subset of and a specific element of agricultural biodiversity. Diversification helps mitigate the risk to you about such scenarios by choosing different investments and types of investments. Diversification doesn't guarantee investment returns or eliminate risk of loss including in a declining market. Diversification is a technique that reduces risk by allocating investments among various financial instruments, industries and other categories. It aims to maximize return by investing in different areas that should each react differently to changes in market conditions. Extensive farming is practiced in areas of low population. Machinery is used to manage large tracts of land as labour is not available for farm owners.The world has 15.749 million km2 of arable land. (Arable land is land ploughed or tilled regularly, generally under a system of crop rotation). India has the most arable land in the world followed by the United States, Russia, China and Brazil. Extensive Commercial Intensive Subsistence Plantation agriculture is practiced in areas with less land but high population density.