Table 4. Proportion of Advisory Programs above Benchmarks for Corn, Soybeans and 50/50 Advisory Revenue, 1995 - 2003 Crop Years, Commercial Storage Costs
           
Proportion of Programs Above Proportion of Programs Above
Market Benchmark Farmer Benchmark
Central Illinois Central Illinois USDA Average
Number of 24-Month 20-Month Price Received
Crop Year Programs Average Average   for Illinois
---%--- ---%---
Panel A: Corn
1995 25 76 56 56
1996 26 38 38 73
1997 25 52 64 68
1998 23 30 52 91
1999 26 54 69 77
2000 27 56 74 78
2001 27 33 67 67
2002 27 56 63 56
2003 26 50 50 50
 1995-2003 Average 50 59 68
Panel B: Soybeans
1995 25 84 72 52
1996 24 83 58 71
1997 23 57 65 74
1998 22 32 77 95
1999 25 60 96 88
2000 26 42 54 65
2001 26 77 92 27
2002 26 85 73 15
2003 25 64 56 8
 1995-2003 Average 65 72 54
Panel C: 50/50 Revenue
1995 25 76 60 56
1996 24 67 54 79
1997 23 57 70 70
1998 22 27 64 100
1999 25 52 80 80
2000 26 58 69 81
2001 26 50 88 38
2002 26 77 73 50
2003 25 60 48 12
 1995-2001 Average 59 68 62
           
Notes: A crop year is a two-year marketing window from September of the year previous to harvest through August of the year after harvest. Average proportions for 1995-2003 are computed over the full set of advisory programs. As a result, averages of individual crop year proportions may not equal the average proportions reported for 1995-2003.