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| Table 33. Significance
Tests of Average Advisory Program Returns , Corn, Soybeans and 50/50 Advisory
Revenue, 2000 - 2004 Crop Years, On-Farm Variable Storage Costs |
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| Commodity/ |
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Average |
Standard |
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Two-tail |
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| Benchmark |
2000 |
2001 |
2002 |
2003 |
2004 |
Difference |
Error |
t-statistic |
p-value |
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---¢
per bushel (harvest equivalent)--- |
---¢ per bushel (harvest equivalent)--- |
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| Corn |
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Market Benchmarks: |
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| 24-Month Average |
6 |
3 |
5 |
0 |
14 |
6 |
2 |
2.40 |
0.07 |
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2 |
| 20-Month Average |
13 |
8 |
5 |
0 |
17 |
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3 |
2.84 |
0.05 |
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1 |
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Farmer Benchmarks: |
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USDA Prices |
15 |
3 |
-1 |
-1 |
11 |
5 |
3 |
1.69 |
0.17 |
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-3 |
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Market Prices |
18 |
7 |
1 |
-4 |
34 |
11 |
7 |
1.64 |
0.18 |
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-3 |
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---¢
per bushel (harvest equivalent)--- |
---¢ per bushel (harvest equivalent)--- |
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| Soybeans |
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Market Benchmarks: |
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| 24-Month Average |
3 |
11 |
25 |
26 |
18 |
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4 |
3.81 |
0.02 |
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0 |
| 20-Month Average |
10 |
23 |
12 |
-15 |
11 |
8 |
6 |
1.33 |
0.26 |
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0 |
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Farmer Benchmarks: |
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USDA Prices |
13 |
-13 |
-21 |
-109 |
36 |
-19 |
25 |
-0.77 |
0.48 |
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-3 |
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Market Prices |
19 |
-8 |
-20 |
-152 |
56 |
-21 |
35 |
-0.60 |
0.58 |
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-3 |
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---$
per acre (harvest equivalent)--- |
---$ per acre (harvest equivalent)--- |
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| 50/50 Revenue |
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Market Benchmarks: |
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| 24-Month Average |
6 |
5 |
10 |
5 |
18 |
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2 |
3.68 |
0.02 |
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2 |
| 20-Month Average |
13 |
12 |
7 |
-3 |
19 |
10 |
4 |
2.62 |
0.06 |
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0 |
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Farmer Benchmarks: |
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USDA Prices |
16 |
-1 |
-6 |
-21 |
20 |
1 |
7 |
0.20 |
0.85 |
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-3 |
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Market Prices |
19 |
4 |
-4 |
-33 |
46 |
7 |
13 |
0.50 |
0.64 |
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-3 |
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| Notes: Two stars
indicates significance at the one percent level and one star indicates
significance at the five percent level. |
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