TechCrunch Quotes MRR Director on Small-scale Farmer Risk
On January 7, 2022, TechCrunch quoted MRR Innovation Lab director Michael Carter on how small-scale farmers in developing countries manage risk.
“Risk can keep people poor. It disincentives investment in technologies that would raise income on average, because the future is unknown,” Carter said. “People with low wealth obviously don’t have a lot of savings, but they can’t risk the savings to invest in something that might improve their income that also might cause their family to starve.”