Type of shock | Examples/Factors | Outcomes |
Production shocks | ||
Weather-related | Drought, shortage of water and rainfall or temperature variability | Lower yields, loss of productive assets or income |
Natural disasters | Flood, storm, unusually heavy rain, landslides/erosion | Total loss of productive assets and income |
Biological | Pest, diseases, contamination | Lower yields, loss of income |
Marketing shocks | ||
Prices | Changes in market demand and supply, volatilities, hikes in fuel, input and output prices | Lower produce prices, and loss of income, low quality products |