the formula is completely arbitrary in terms of what the costs are with regard to BLM. It looks at what the revenue is raised by beef over a 12-year average and then what the 12-year average is for a 6-month T bill and then multiplies it out and says that is our return. But that does not have anything to do with what the cost is to the BLM or to the management side of this at all.
Bruce F. Vento: “the formula is completely arbitrary in terms of what the costs are with regard to BLM. It looks at what the revenue is…”
Editor's note · Context
Discussing the formula used for calculating costs related to the Bureau of Land Management (BLM).
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