Monroe Township Buys New Tractor, 1921

It looks like $500 in 1921 amounts to about $7,000 in 2021 dollars. From the Skidmore News (Skidmore, Missouri), June 23, 1921, page 1:

Township Buys New Tractor.
The members of the board of Monroe Township met last Tuesday night with a representative from the Rumley Tractor Co., of Kansas City. It was decided to purchase a new Rumley 20-40 tractor and turn the old Avery tractor in at $500.

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