East Central South Dakota | over your farming career. I will farm 40 years in my career. I pay either side of $5000 a year in check off taxes. What would be the future worth of $5000/year for 40 years. Been a while since a got my engineering econ book out.
F=A(F/A, i%, n) assume 4% interest over 40 years. F= $5000(95.026) F= $475,130 at start of year 40. Old schoolbook.
F=$475,128 internet future worth calculator.
Does the checkoff provide me with close to $500,000 in value over my farming career.
I think I am being ripped off. Check off's are a form of Government and Government rarely works efficient were it tries to support/influence/compete with private enterprise. It almost always becomes a cost structure bloated with bureuacracy and lacking a defined mission. Just spending money isn't a mission.
20 years future worth is $148,890 at $5000/year, 4%
40 years future worth is $773,810 at $5000/year, 6% |
Future worth of check off dollars....
