Table 34.  Significance Tests of Average Advisory Program Returns , Corn, Soybeans and 50/50 Advisory Revenue, 2000- 2004 Crop Years, Commercial Storage Costs
                   
Commodity/     Average  Standard Two-tail
Benchmark 2000 2001 2002 2003 2004 Difference Error t-statistic p-value
---¢ per bushel (harvest equivalent)--- ---¢ per bushel (harvest equivalent)---
Corn
  Market Benchmarks:
    24-Month Average  4 -2 4 1 11 4 2 1.75 0.15
    20-Month Average  11 5 6 2 15 Text Box: *
8
2 3.29 0.03
  Farmer Benchmarks:
    USDA Prices 18 4 4 3 12 Text Box: *
8
3 2.77 0.05
    Market Prices 19 8 6 -1 35 14 6 2.17 0.10
---¢ per bushel (harvest equivalent)--- ---¢ per bushel (harvest equivalent)---
Soybeans
  Market Benchmarks:
    24-Month Average  2 11 26 27 17 Text Box: *
17
5 3.50 0.02
    20-Month Average  6 23 14 -13 12 9 6 1.42 0.23
  Farmer Benchmarks:
    USDA Prices 15 -10 -17 -105 38 -16 24 -0.65 0.55
    Market Prices 21 -4 -16 -148 58 -18 35 -0.51 0.64
---$ per acre (harvest equivalent)--- ---$ per acre (harvest equivalent)---
50/50 Revenue
  Market Benchmarks:
    24-Month Average  4 1 11 6 15 Text Box: *
7
2 3.12 0.04
    20-Month Average  11 9 9 -1 17
9
3 3.23 0.03
  Farmer Benchmarks:
    USDA Prices 18 1 -1 -17 22 4 7 0.63 0.56
    Market Prices 21 5 1 -29 48 9 13 0.75 0.50
                   
Notes:  Two stars indicates significance at the one percent level and one star indicates significance at the five percent level.