-In agriculture, risk could mean
the likelihood of a dry year,
an extreme frost or even a sudden rise in fuel costs that in turn will result in a substantial loss of crop or income.
- Sometimes people describe risk and opportunity as the opposite ends of the spectrum.
- Similarly, what may be a risk for some may actually be an opportunity for others.
- For instance, a La Niña event may increase the chance of flooding or water logging in some areas and thus significantly reduce crop yield, while in other areas it may in fact create the right conditions for a bumper crop.