Table 38.  Nine-Year Average and Standard Deviation for 15 Market Advisory Programs, Corn and Soybean Net Advisory Price and 50/50 Advisory Revenue, 1995 - 2003 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 2.36 0.24 5.50 1.09 306 31
AgLine by Doane (cash only) 2.34 0.37 6.01 0.71 314 29
AgResource 2.57 0.66 6.46 0.68 342 49
AgriVisor (aggressive cash) 2.41 0.41 5.99 0.73 319 29
AgriVisor (aggressive hedge) 2.32 0.35 6.06 0.81 314 27
AgriVisor (basic cash) 2.30 0.25 5.97 0.69 311 25
AgriVisor (basic hedge) 2.29 0.31 6.04 0.80 312 28
Allendale (futures only) 2.23 0.19 5.95 0.69 306 20
Brock (cash only) 2.28 0.30 5.90 0.62 308 28
Brock (hedge) 2.29 0.23 6.04 0.70 313 30
Freese-Notis 2.26 0.41 5.85 0.61 305 34
Pro Farmer (cash only) 2.19 0.45 6.02 0.73 303 33
Pro Farmer (hedge) 2.18 0.44 6.03 0.83 302 35
Stewart-Peterson Advisory Reports 2.17 0.33 6.00 0.68 302 24
Top Farmer Intelligence 2.30 0.35 5.97 0.56 311 20
  Minimum 2.17 0.19 5.50 0.56 302 20
  Maximum 2.57 0.66 6.46 1.09 342 49
  Range 0.40 0.47 0.97 0.52 41 29
Randomly Selected Program 2.30 0.35 5.99 0.73 311 29
Market Benchmarks
  24-Month Average 2.29 0.30 5.85 0.63 307 25
  20-Month Average 2.26 0.37 5.87 0.71 305 29
Farmer Benchmark
  USDA Average Price Received 2.21 0.37 6.00 0.83 304 29
                 
Note: Results are shown only for the 15 advisory programs included in all nine 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.