Studying demographic trends can help farmers in which of the following ways?

• A. Setting government tax rates for farm income
• B. Calculating the depreciation of farm equipment
• C. Determining the optimal fertilizer composition
• D. Predicting future demand for agricultural products

Answer: (D)

Verified step by step guidance

1. Understand that demographic trends refer to changes in population characteristics such as age, income, and population size over time.
2. Recognize that farmers use demographic trends primarily to anticipate changes in consumer demand for agricultural products, as population growth or shifts can affect food consumption patterns.
3. Evaluate the options given: setting tax rates and calculating depreciation are more related to government policy and accounting, respectively, rather than demographic analysis.
4. Note that determining fertilizer composition is a technical decision based on soil and crop needs, not demographic data.
5. Conclude that the key benefit of studying demographic trends for farmers is to predict future demand for their products, helping them plan production and marketing strategies effectively.