Which strategy can growers use to minimize production risks with specialty crops?

The strategy of diversification and crop insurance is highly effective for minimizing production risks associated with specialty crops. By diversifying, growers can plant a variety of crops rather than relying on a single type. This approach spreads risk because if one crop fails due to disease, pest issues, or market fluctuations, other crops may still thrive, allowing the grower to maintain some level of income.

Additionally, crop insurance provides financial protection against losses, enabling growers to recover some of their investment in case of unforeseen events like natural disasters or extreme weather conditions. This combination of diversification and insurance helps to stabilize earnings, improve resource management, and encourage a more sustainable agricultural practice, ultimately reducing the overall risk associated with specialty crop production.