| Table 6. Comparison of Average 50/50 Advisory Revenue and Benchmark Revenues, 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 acre (harvest equivalent)--- | ---$ per acre (harvest equivalent)--- | |||||||||||||||||||
| 1995 | 25 | 319 | 304 | 317 | 320 | 340 | 15 | 2 | -1 | -21 | ||||||||||
| 1996 | 24 | 369 | 366 | 371 | 357 | 349 | 2 | -2 | 11 | 19 | ||||||||||
| 1997 | 23 | 311 | 310 | 304 | 300 | 293 | 1 | 7 | 11 | 18 | ||||||||||
| 1998 | 22 | 304 | 311 | 296 | 274 | 267 | -6 | 8 | 30 | 38 | ||||||||||
| 1999 | 25 | 299 | 297 | 286 | 285 | 281 | 2 | 13 | 14 | 18 | ||||||||||
| 2000 | 26 | 298 | 294 | 286 | 279 | 277 | 4 | 11 | 18 | 21 | ||||||||||
| 2001 | 26 | 287 | 285 | 277 | 286 | 281 | 1 | 9 | 1 | 5 | ||||||||||
| 2002 | 26 | 294 | 284 | 285 | 295 | 293 | 11 | 9 | -1 | 1 | ||||||||||
| 2003 | 25 | 324 | 317 | 324 | 341 | 352 | 6 | -1 | -17 | -29 | ||||||||||
| 2004 | 26 | 377 | 363 | 361 | 356 | 329 | 15 | 17 | 22 | 48 | ||||||||||
| 1995-2004 Average | 318 | 313 | 311 | 309 | 306 | 5 | 7 | 8 | 12 | |||||||||||
| Notes: Net advisory revenues and benchmark revenues 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 revenues or differences may not equal the averages reported for 1995-2004. | ||||||||||||||||||||
| 2.7 | 3.7 | 3.2 | ||||||||||||||||||
| 2.8 | 3.8 | |||||||||||||||||||