2. (a) What are the sources of risks in agricultural production? Why are the peasants of Bangladesh risk-averse! (b) Suppose that a new high-yield paddy variety has been invented by the Bangladesh Rice Research Institute (BRRI) but the peasants of Bangladesh have shown barely any interest to cultivate the newly invented paddy. The peasants feel case to cultivate their local low-yield paddy varieties and they firmly believe that the paddy varieties of BRRI often fail to give expected production. How can you classify the risk behavior of the peasants in such context? Explain some possible policy measures to minimize the agricultural risks

Write short notes on "Efficient. But Poor Hypothesis" & "Technical Efficiency"

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