The performance of agricultural market advisory services in corn and soybeans

Scott H. Irwin, Darrel L. Good, Joao Martines-Filho

Research output: Contribution to journalArticlepeer-review

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.

Original languageEnglish (US)
Pages (from-to)162-181
Number of pages20
JournalAmerican Journal of Agricultural Economics
Volume88
Issue number1
DOIs
StatePublished - Feb 2006

Keywords

  • Advisory service
  • Corn
  • Performance
  • Price
  • Risk
  • Soybeans

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'The performance of agricultural market advisory services in corn and soybeans'. Together they form a unique fingerprint.

Cite this