Have you heard of any similar rapid rise or decline in prices of any agricultural produce in our own times? Find out about its impact on the farmers.
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Answer:
Yes I have heard of the rise and fall of price rapidly of an agricultural product in our own times and the way it affected.
Explanation:
- In 2007, there was arise in te price of grains in the Kenyan nation. The maize grains price hiked abnormally.
- The ffect of this was that the farmers sold all their supply they had without saticifying the people.
- The price had hiked due to insecurity issues in the country.
- There was import of a lot of maize grain that in the next season there was experienced low prices due to the accumu;ation of excess export at the times of need.
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