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