Climate change shocks
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3 Impact of climatic factors on soybean production. The results demonstrated that precipitation in April positively affects the soybean planting area, while precipitation in May has a hindering effect, both of which are significant at the 1% level.
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The major climate shocks affecting soybean farmers not limited to Oyo state are drought, extreme heat, flooding, and erratic rainfall patterns. These climate shocks can greatly impact crop production and yield, leading to financial losses for farmers.
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