@article{37f4404cce864db49acceb83e71e4623,
title = "The performance of agricultural market advisory services in corn and soybeans",
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",
author = "Irwin, {Scott H.} and Good, {Darrel L.} and Joao Martines-Filho",
note = "Funding Information: The authors gratefully acknowledge the research assistance of Greg Price and Tom Jackson, former AgMAS Project Managers, and Silvina Cabrini, Evelyn Colino, Lewis Hagedorn, Mark Jirik, Wei Shi, Brian Stark, and Rick Webber, current and former Graduate Research Assistants for the AgMAS Project. Helpful comments were received from members of the AgMAS Project Review Panel and seminar participants at several universities. This material is based upon work supported by the Cooperative State Research, Education and Extension Service, U.S. Department of Agriculture, under Project Nos. 98-EXCA-3-0606 and 00-52101-9626. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the authors and do not necessarily reflect the views of the U.S. Department of Agriculture. Additional funding for the AgMAS Project has been provided by the American Farm Bureau Foundation for Agriculture and Illinois Council on Food and Agricultural Research.",
year = "2006",
month = feb,
doi = "10.1111/j.1467-8276.2006.00845.x",
language = "English (US)",
volume = "88",
pages = "162--181",
journal = "American Journal of Agricultural Economics",
issn = "0002-9092",
publisher = "Oxford University Press",
number = "1",
}