(v) Technology risk:
Like most other entrepreneurs, farmers are responsible for all the consequences of their activities. Adoption of new technologies in modernizing agriculture such as in introduction of genetically modified crops causes an increase in producer liability risk.
(vi) Personal risk:
Finally, agricultural households, as any other economic entrepreneur, are exposed to personal risks affecting the life and the wellbeing of people who work on the farm, as also asset risks from floods, cyclones and droughts and possible damage or theft of production equipment and any other farming assets.
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