Texas/New Mexico Stateline | JoshuaGA - 4/10/2011 20:24
If you figure that $5898 in US dollars, it would mean that the same thing in today's dollars would cost $42926 today. Inflation is a pain.
Corn:
1960 average yield 68 bu, avg price $.98 it would take 88 acres worth of corn to equal $5898
2010 average yield 154? bu, avg price $5? it would take 7.6 acres worth of corn to equal $5898
same figures
1960 brand Caddillac was about $5500 took 82 acres of corn.
2010 brand new Caddy $55,000? 71 acres in 2010
Don't worry I'm not sure what my point is either.....other than things are all relative.
Edited by milofarmer1 4/11/2011 22:07
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August 12, 1960
