The cost of livestock feed was $600 in 1987. What is its cost now?
To calculate the cost of livestock feed now, we need to adjust for inflation.
Using the inflation calculator from the Bureau of Labor Statistics, we can estimate the inflation rate from 1987 to the present day.
Assuming an average inflation rate of 3.22% per year, the cost of livestock feed in 2021 would be approximately:
$600 * (1 + 0.0322)^34 = $1,906.16
Therefore, the estimated cost of livestock feed now would be around $1,906.16.