Table 28. Comparison of Average Net Advisory Prices and Benchmark Prices for Corn and Soybeans, 1995 - 2004 Crop Years, Commercial Storage Costs
			Average	Market			Farmer			Difference Between Advisors			Difference Between Advisors
			Net	Benchmark			Benchmark			and Market Benchmark			and Farmer Benchmark
		Number of	Advisory	24-Month	20-Month		USDA	Market		24-Month	20-Month		USDA	Market
	Crop Year	Programs	Price	Average	Average		Prices	Prices		Average	Average		Prices	Prices
			---$ per bushel (harvest equivalent)---							---¢ per bushel (harvest equivalent)---
	Panel A: Corn
	1995	25	3.03	2.90	3.07		3.06	3.32		14	-4		-3	-29
	1996	26	2.63	2.65	2.66		2.50	2.42		-2	-4		12	21
	1997	25	2.32	2.33	2.27		2.23	2.17		-1	4		9	15
	1998	23	2.17	2.24	2.12		1.97	1.92		-8	5		20	25
	1999	26	2.02	2.05	1.97		1.93	1.89		-3	5		9	13
	2000	27	2.13	2.09	2.01		1.95	1.93		4	11		18	19
	2001	27	1.99	2.00	1.94		1.95	1.91		-2	5		4	8
	2002	27	2.15	2.10	2.09		2.11	2.08		4	6		4	6
	2003	26	2.24	2.23	2.22		2.22	2.25		1	2		3	-1
	2004	27	2.30	2.19	2.15		2.17	1.95		11	15		12	35
	1995-2004 Average		2.29	2.28	2.25		2.21	2.18		2	5		9	11
	Panel B: Soybeans
	1995	25	6.59	6.26	6.39		6.59	6.77		33	20		1	-17
	1996	24	7.27	7.08	7.21		7.17	7.12		19	6		10	14
	1997	23	6.38	6.30	6.22		6.17	6.08		8	16		21	30
	1998	22	5.82	5.86	5.64		5.18	5.05		-4	18		64	77
	1999	25	5.67	5.50	5.30		5.39	5.37		18	37		28	31
	2000	26	5.44	5.42	5.38		5.29	5.23		2	6		15	21
	2001	26	5.45	5.34	5.21		5.55	5.49		11	23		-10	-4
	2002	26	5.24	4.98	5.10		5.41	5.40		26	14		-17	-16
	2003	25	6.22	5.95	6.35		7.27	7.70		27	-13		-105	-148
	2004	26	6.07	5.90	5.95		5.69	5.49		17	12		38	58
	1995-2004 Average		6.00	5.86	5.88		5.97	5.97		16	14		4	4
	Notes:  Net advisory prices and benchmark prices are stated on a harvest equivalent basis. A crop year is a two-year marketing window from September of the year previous to harvest through August of the year after harvest. Averages for 1995-2004 are computed over the full set of advisory programs. As a result, averages of individual crop year prices or differences may not equal the averages reported for 1995-2004.