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