1998 Pricing Performance of Market Advisory Services for Corn and Soybeans

AgMasReport 2000-01

53 Pages Posted: 7 Nov 2000

See all articles by Darrel L. Good

Darrel L. Good

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Scott H. Irwin

University of Illinois at Urbana-Champaign

Thomas E. Jackson

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Mark A. Jirik

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Date Written: February 4, 2000

Abstract

The purpose of this research report is to present an evaluation of advisory service pricing performance in 1998 for corn and soybeans. Specifically, the average price received by a subscriber to an advisory service is calculated for corn and soybean crops harvested in 1998. The average net advisory price across all 23 corn programs is $2.17 per bushel - seven cents below the market benchmark price. The net advisory prices for corn range from a minimum of $1.93 per bushel to a maximum of $2.51 per bushel. The average net advisory price across all 22 soybean programs is $5.82 per bushel - four cents less than the market benchmark. The net advisory prices for soybeans range from a minimum of $5.11 per bushel to a maximum of $6.58 per bushel.

JEL Classification: C81, D40, D82, G14, Q11, Q12, Q13, Q14

Suggested Citation

Good, Darrel L. and Irwin, Scott and Jackson, Thomas E. and Jirik, Mark A., 1998 Pricing Performance of Market Advisory Services for Corn and Soybeans (February 4, 2000). AgMasReport 2000-01, Available at SSRN: https://ssrn.com/abstract=244501 or http://dx.doi.org/10.2139/ssrn.244501

Darrel L. Good

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics ( email )

1301 W. Gregory Drive
326 Mumford Hall, MC-710
Urbana, IL 61801
United States

Scott Irwin (Contact Author)

University of Illinois at Urbana-Champaign ( email )

344 Mumford Hall
1301 W. Gregory Dr.
Urbana, IL 61801
United States
217-333-6087 (Phone)

HOME PAGE: http://https://scotthirwin.com/

Thomas E. Jackson

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics ( email )

1301 W. Gregory Drive
434a Mumford Hall
Urbana, IL 61801
United States
(217) 333-2792 (Phone)
(217) 333-5538 (Fax)

Mark A. Jirik

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics ( email )

1301 W. Gregory Drive
Urbana, IL 61801
United States
217 333-3209 (Phone)
217 333-5538 (Fax)

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