Guess at value of 1946 estate expressed in 2019 dollars

 

The values assigned to my grandfather’s estate when it was probated are listed here.

My determination of a adjustment factor of 13 to bring 1946 prices forward to today is shown here.

The extended string of assumptions I’ve made shows a rough guess of the estate:

  • 1946-  worth $8,085 gross, with $7,785 after the administratrix fee due to my grandmother.
  • 2019 – worth about $105,000 gross and about $100,000 after the only listed liability.

Detail of the assets are:

 1946  1946  2019  2019
 $ each  $ total  $ each  $ total
 —  —  —  —
 cows         132       1,980                  1,716     25,740
 bull         100          100                  1,300       1,300
 yearling           47          658                    611       8,554
 calves           30          750                    390       9,750
 spring pigs           51       1,020                    663     13,260
 chickens          163       2,119
 horses          400       5,200
 John Deere Model D tractor          300       3,900
 John Deere Model B tractor          150       1,950
 John Deere cultivator           50         650
 three bottom (plow?)           50         650
 2 bottom plow           50         650
 “other old machinery”            –           –
 binder (horse drawn)           20         260
 disk mower (horse drawn)           40         520
 plows (horse drawn)           40         520
 stacker (horse drawn)           20         260
 hayrake (horse drawn)           20         260
 small tools           10         130
 elevator & hoist           30         390
 manure spreader           20         260
 wagons          100       1,300
 hay rake           20         260
 1936 Ford V-8 Sedan          300       3,900
 new hay, stacks,  unknown  unknown
 hay, tons  unknown  unknown
 household furniture  unknown  unknown
 corn, bushels        1.24          992                      16     12,896
 oats, bushels        0.80          802                      10     10,426
 —-  —-
 assets       8,085   105,105
 administratrix fees (to Lydia)        (400)     (5,200)
 —  —
 estimated net worth       7,685     99,905

 

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