The Performance of Agricultural Market Advisory Services in Corn and Soybeans

20 Pages Posted: 22 Apr 2020

See all articles by Scott H. Irwin

Scott H. Irwin

University of Illinois at Urbana-Champaign

Darrel L. Good

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

Joao Martines-Filho

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

Multiple version iconThere are 3 versions of this paper

Date Written: February 2006

Abstract

The purpose of this article is to evaluate the performance of market advisory services for the 1995–2003 corn and soybean crops. A new database from the Agricultural Market Advisory Services (AgMAS) Project is used in the evaluation. This database should not be subject to survivorship and hindsight biases. Overall, the results provide little evidence that advisory services as a group outperform market benchmarks, particularly after considering risk. The evidence is more positive versus the farmer benchmarks, even after taking risk into account. Results also suggest that it is difficult to predict the pricing performance of advisory services across crop‐years.

Keywords: advisory service, corn, performance, price, risk, soybeans

Suggested Citation

Irwin, Scott and Good, Darrel L. and Martines-Filho, Joao, The Performance of Agricultural Market Advisory Services in Corn and Soybeans (February 2006). American Journal of Agricultural Economics, Vol. 88, Issue 1, pp. 162-181, 2006, Available at SSRN: https://ssrn.com/abstract=3581945 or http://dx.doi.org/10.1111/j.1467-8276.2006.00845.x

Scott Irwin (Contact Author)

University of Illinois at Urbana-Champaign ( email )

344 Mumford Hall
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Urbana, IL 61801
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HOME PAGE: http://https://scotthirwin.com/

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

Joao Martines-Filho

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

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

HOME PAGE: http://www.farmdoc.uiuc.edu/about/faculty/martines/index.html

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