Diversifying to hedge risk


So you want to diversify your operation. Why? What are the benefits? What kind of trade-offs will you face? It's a lot to take on and it's not right for everyone—but if, after having examined your motives and your level of dedication, you decide to proceed, Darren Frye has some thoughts to help get you started on the path to diversification. He explores this topic in response to a reader question in this week's Finance First column at FarmFutures.com.