What's a hill of beans worth?
Let's assume a "hill" is 50 ft high with a 40deg slope.
This gives us a diameter of approx 120' at the base of the hill, or a radius of 60'
The volume of a cone is 1/3πr²h
This gives our theoretical hill a volume of 188,495 cubic ft.
There are a little more than .8 bushels per cubic foot, so our hill contains 141,467 bushels of beans.
As of today, the futures price for soybeans is approximately $13.50 per bushel.
So a hill of beans is worth approximately $2,044,809.
Not bad.
Let's assume a "hill" is 50 ft high with a 40deg slope.
This gives us a diameter of approx 120' at the base of the hill, or a radius of 60'
The volume of a cone is 1/3πr²h
This gives our theoretical hill a volume of 188,495 cubic ft.
There are a little more than .8 bushels per cubic foot, so our hill contains 141,467 bushels of beans.
As of today, the futures price for soybeans is approximately $13.50 per bushel.
So a hill of beans is worth approximately $2,044,809.
Not bad.