Table 5.  Pricing Performance Results for Market Advisory Service Programs,
Corn, Two-Year Average
  1995 1996  
Net Net
Advisory Advisory Two-year
Advisory Service Program Price Price average
Ag Alert for Ontario N/A 2.47 N/A
Ag Line by Doane (cash-only) 3.15 2.65 2.90
Ag Line by Doane (hedge) N/A 2.61 N/A
Ag Profit by Hjort Associates 3.08 2.49 2.79
Ag Resource 3.90 3.12 3.51
Ag Review 2.59 2.76 2.67
Agri-Edge (cash-only) 3.07 2.62 2.85
Agri-Edge (hedge) 3.15 3.10 3.13
Agri-Mark 3.63 2.73 3.18
Agri-Visor Aggressive Cash 3.30 2.83 3.07
Agri-Visor Aggressive Hedge 3.10 2.58 2.84
Agri-Visor Basic Cash 2.72 2.65 2.68
Agri-Visor Basic Hedge 2.90 2.63 2.77
Allendale (futures & options) N/A 2.75 N/A
Allendale (futures only) 2.46 2.08 2.27
Brock (cash-only) 2.75 2.70 2.72
Brock (hedge) 2.29 2.39 2.34
Freese-Notis 2.95 2.87 2.91
Grain Field Report 3.19 N/A N/A
Harris Weather/Elliott Advisory 3.16 2.28 2.72
North American Ag. 3.22 N/A N/A
Pro Farmer (cash-only) 3.16 2.64 2.90
Pro Farmer (hedge) 3.06 2.67 2.86
Progressive Ag. N/A 2.53 N/A
Prosperous Farmer 2.91 N/A N/A
Stewart-Peterson Advisory Reports 2.90 2.46 2.68
Stewart-Peterson Strictly Cash 2.92 2.68 2.80
Top Farmer 3.17 2.44 2.81
Zwicker 3.15 2.56 2.86
Descriptive Statistics:
  Average 3.03 2.63 2.83
  Median 3.08 2.64 2.82
  Minimum 2.29 2.08 2.27
  Maximum 3.90 3.12 3.51
  Range 1.61 1.04 1.24
  Standard Deviation 0.33 0.22 0.26
Benchmark Prices:
  Harvest Cash Price 3.11 2.81 2.96
  Average Price Received 3.11 2.55 2.83
       
         
N/A denotes "not applicable" -- program did not exist or was not evaluated for that marketing year.
0.89 0.05
0.33 0.03
-0.04 0.02
-0.04 0.00
0.08 0.02
0.25 0.02
-0.02 0.01
-0.04 0.00
-0.09 0.00
-0.07 0.01
-0.05 0.03
-0.10 0.01
-0.31 0.02
-0.20 0.02
-0.35 0.01
-0.28 0.02
-0.14 0.04
-0.43 0.03
-0.03 0.02
-0.06 0.02
0.298544 0.013025547