Take the $1,000 and Walk Away
What a farm CEO’s op-ed gets wrong about saving for your kids, and about why farming got so expensive
Last week, RealClearPolicy ran an op-ed by Chris Abbott, the CEO of Pivot Bio, a company that sells microbial nitrogen to corn and wheat farmers. The headline was “Farm Families Plan in Decades,” and the pitch was warm: farmers think generationally, so the companies that serve them should too. His company’s way of doing that is a grant program that deposits $1,000 to $5,000 a year into Trump Accounts for the children of employees and qualifying farmer customers.
The line that stuck with me was this one: eighteen investments of $1,000 can grow to over $4 million by age 65.
That number is technically possible. It’s also the kind of number that only works if you don’t look at it too closely. So let’s look at it closely.






























































