Diversification refers to the practice where farmers expand their income sources by engaging in various non-farming activities, in addition to their agricultural work. This strategy allows farmers to reduce their reliance on farming alone, which can be subject to risks like unpredictable weather and fluctuating market prices. By diversifying, they might involve themselves in activities such as agritourism, craft production, or offering services related to their farms, which helps ensure a more stable financial outlook.
In contrast, specialization focuses on concentrating solely on one type of farming or agricultural product, which does not involve venturing into non-agricultural activities. Subsidization involves financial support from the government to help farmers but does not pertain to engaging in other income-generating activities. Regeneration typically refers to the renewal or revitalization of a particular area or system, often in urban contexts, and is not directly related to farmers' income strategies.