Table 35.  Ten-Year Average and Standard Deviation for 15 Market Advisory Programs, Corn and Soybean Net Advisory Price and 50/50 Advisory Revenue, 1995 - 2004 Crop Years, Commercial Storage Costs
  Corn   Soybeans   50/50 Advisory Revenue
Standard Standard
Average Deviation Average Deviation Standard
Net  of Net Net  of Net Deviation 
Advisory Advisory Advisory Advisory Average of
Market Advisory Program Price Price   Price Price   Revenue Revenue
---$ per bushel (harvest equivalent)--- ---$ per bushel (harvest equivalent)--- ---$ per acre (harvest equivalent)---
Ag Review 2.37 0.23 5.56 1.05 315 41
AgLine by Doane (cash only) 2.33 0.35 6.00 0.68 320 33
AgResource 2.58 0.63 6.56 0.71 353 57
AgriVisor (aggressive cash) 2.41 0.39 6.02 0.69 326 36
AgriVisor (aggressive hedge) 2.34 0.34 6.07 0.77 322 37
AgriVisor (basic cash) 2.31 0.23 5.99 0.66 319 34
AgriVisor (basic hedge) 2.30 0.29 6.06 0.76 319 36
Allendale (futures only) 2.23 0.18 5.90 0.67 311 26
Brock (cash only) 2.28 0.29 5.93 0.59 315 34
Brock (hedge) 2.28 0.22 6.05 0.66 318 33
Freese-Notis 2.26 0.39 5.85 0.58 312 38
Pro Farmer (cash only) 2.18 0.43 6.00 0.69 307 34
Pro Farmer (hedge) 2.17 0.41 6.01 0.79 308 37
Stewart-Peterson Advisory Reports 2.20 0.33 6.01 0.65 311 37
Top Farmer Intelligence 2.30 0.33 5.96 0.53 317 26
  Minimum 2.17 0.18 5.56 0.53 307 26
  Maximum 2.58 0.63 6.56 1.05 353 57
  Range 0.40 0.44 1.00 0.51 46 31
Randomly Selected Program 2.30 0.33 6.00 0.70 318 36
Market Benchmarks
  24-month average 2.28 0.28 5.86 0.60 313 29
  20-month average Text Box: †
2.25
Text Box: †
0.35
5.88 0.67 311 33
Farmer Benchmark
  USDA prices Text Box: †
2.21
Text Box: †
0.35
Text Box: †
5.97
Text Box: †
0.78
309 32
  Market prices Text Box: †
2.18
Text Box: †
0.44
Text Box: †
5.97
Text Box: †
0.91
306 33
                 
Note: Results are shown only for the 15 advisory programs included in all 10 years of the AgMAS corn and soybean evaluations. Net advisory prices and benchmark prices are stated on a harvest equivalent basis. Consequently, advisory and benchmark revenue are also stated on a harvest equivalent basis. A crop year is a two-year window from September of the year previous to harvest through August of the year after harvest. The average price and standard deviation of a randomly selected advisory program are computed as the average across the average prices and standard deviations, respectively, for the 15 individual programs. The dagger symbol indicates a randomly selected advisory program dominates a given benchmark in terms of average price and risk.
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