The Performance of Agricultural Market Advisory Services in Corn and Soybeans

Posted: 22 Feb 2007

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

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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.

Suggested Citation

Irwin, Scott and Good, Darrel L. and Martines-Filho, Joao, The Performance of Agricultural Market Advisory Services in Corn and Soybeans. American Journal of Agricultural Economics, Vol. 88, No. 1, pp. 162-181, February 2006, Available at SSRN: https://ssrn.com/abstract=964570 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
1301 W. Gregory Dr.
Urbana, IL 61801
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217-333-6087 (Phone)

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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