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What does diversifying mean?

Looking for the meaning or definition of the word diversifying? Here's what it means.

Verb
  1. present participle of diversify
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More and more farmers are now diversifying into non-food businesses such as horse-riding, farm shops and tourism.
Today people are diversifying their business interests and entrepreneurs are pursuing new ideas.
With the mainstay fishing industry facing stagnation, companies are diversifying.
Such funds are expected to go instead to the costs of decommissioning and diversifying the coastal economy.
As for me, I'm inclined toward diversifying methods to force the administration to meet our demands.
The company is diversifying and in any event, it is an oil and gas company, not just oil.

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