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Research Bulletin: Annual Pricing Evaluations

Bulletin 2002-01: Tracking the Performance of Marketing Professionals:
1995-2000 Results for Corn and Soybeans [Revised, 05/06/02]

Date Authors HTML Format PDF  
04/23/2002 Scott H. Irwin , Joao Martines-Filho and Darrel L. Good Click Here

231K

Abstract

The purpose of this research bulletin is to summarize the pricing performance of professional market advisory services for the 1995-2000 corn and soybean crops. The pricing performance results over 1995-2000 suggest several key findings. First, advisory programs in corn do not consistently beat market benchmarks, but they do consistently beat the farmer benchmark. Second, advisory programs in soybeans tend to beat both market and farmer benchmarks. Third, in terms of 50/50 revenue, advisory programs only marginally beat market benchmarks, but consistently beat the farmer benchmark. Overall, there is mixed evidence that advisory programs as a group outperform market benchmarks, while substantial evidence exists that advisory programs as a group outperform the farmer benchmarks. Caution should be used when considering the results, due to the relatively small sample of crop years available for analysis. In particular, the presence of sharp downward price trends in most crop years makes it difficult to determine whether the 1995-2000 sample provides a statistically reliable picture of future differences in pricing performance.

 


To obtain a hard copy of the report through the mail:
The charge for each hard copy of the report is $5. Make the check payable to the University of Illinois (checks only please).

Click here for the Order Form.

Send request to:

The AgMAS Project
Attn: Joao Martines-Filho
406 Mumford Hall
1301 W. Gregory Drive
University of Illinois at Urbana-Champaign
Urbana, IL 61801

  

Department of Agricultural and Consumer Economics    College of Agricultural, Consumer and Environmental Sciences
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