Table 37. Significance Tests of the Difference Between the Average Price for Market Advisory Programs and the Average Benchmark Price, Corn, Soybeans and 50/50 Advisory Revenue, 1995 - 2003 Crop Years, Commercial Storage Costs and Harvest LDP for Market Benchmarks
                           
Commodity/ Difference Between Average Advisory Program and Benchmark Average Standard Two-tail
Benchmark 1995 1996 1997 1998 1999 2000 2001 2002 2003 Difference Error t-statistic p-value
--- per bushel (harvest equivalent)--- --- per bushel (harvest equivalent)---
Corn
Market Benchmarks:
24-Month Average 14 -2 -1 -2 -10 -7 -2 4 -1 -1 2 -0.30 0.77 -1.5
20-Month Average -4 -4 5 9 -2 -2 5 6 0 1 2 0.87 0.41 -2.1
Farmer Benchmark: Text Box: **
USDA Average Price Received -3 12 9 20 9 18 4 4 3 8 2 3.46 0.01
--- per bushel (harvest equivalent)--- --- per bushel (harvest equivalent)---
Soybeans
Market Benchmarks:
Text Box: **
Text Box: *
24-Month Average 33 19 9 11 7 -5 11 25 27 15 4 3.84 0.00 -0.4
20-Month Average 20 6 16 34 25 0 23 13 -13 14 5 2.88 0.02 -0.4
Farmer Benchmark:
USDA Average Price Received 1 10 21 64 28 15 -10 -17 -105 1 15 0.04 0.97
---$ per acre (harvest equivalent)--- ---$ per acre (harvest equivalent)---
50/50 Revenue
Market Benchmarks:
24-Month Average 15 2 1 2 -6 -6 -8 10 5 2 3 0.65 0.54 -2.3
20-Month Average 2 -2 7 15 4 -1 -1 8 -3 3 2 1.67 0.13 -3.0
Farmer Benchmark:
USDA Average Price Received -1 11 11 30 14 18 1 -1 -17 7 5 1.59 0.15
                           
Notes: Two stars indicates significance at the one percent level and one star indicates significance at the five percent level.