|
|
|
| Registros recuperados: 32 | |
|
|
| Jirik, Mark A.; Irwin, Scott H.; Good, Darrel L.; Jackson, Thomas E.; Jirik, Mark A.; Martines-Filho, Joao Gomes. |
| The purpose of this research report is to present an evaluation of advisory service pricing performance from 1995 through 1998 for wheat. The average net advisory price across all 24 wheat programs in 1995 is $3.79 per bushel, $0.18 above the market benchmark price. The range in 1995 is $3.01 to $4.71 per bushel. The average net advisory service price for 23 wheat programs in 1996 is $3.82 per bushel, $0.13 below the market benchmark. The range in 1996 is $2.74 to $4.94 per bushel. The average net advisory price for all 20 wheat programs in 1997 is $2.64 per bushel, $0.58 below the market benchmark. The range in 1997 is $1.34 to $3.90 per bushel. Finally, the average net advisory price across all 21 services in 1998 is $2.36 per bushel, $0.54 below... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2000 |
URL: http://purl.umn.edu/14777 |
| |
|
| |
|
|
| Webber, Rick L.; Irwin, Scott H.; Good, Darrel L.; Martines-Filho, Joao Gomes. |
| The purpose of this paper is to investigate the pricing performance of agricultural market advisory services in hogs. Pricing recommendations are available for all quarters from the beginning of 1995 through the end of 2001. The results show that average differences between advisory programs and market benchmarks are small in nominal terms for all three benchmarks, -$0.41/bu., $O.OO/cwt. and $-0.27/cwt. versus the cash, index and empirical benchmarks, respectively, and none of the average differences are significantly different from zero. Hence, advisory programs as a group do not outperform the market benchmarks in terms of average price. Advisory programs also do not outperform the market benchmarks in terms of average price and risk. Finally, there is... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/18980 |
| |
|
| |
|
|
| Irwin, Scott H.; Martines-Filho, Joao Gomes; Good, Darrel L.. |
| The purpose of this research report is to evaluate the pricing performance of market advisory services for the 1995-2001 corn and soybean crops. The results for 1995-2000 were released in earlier AgMAS research reports, while results for the 2001 crop year are new. Certain explicit assumptions are made to produce a consistent and comparable set of results across the different advisory programs. These assumptions are intended to accurately depict "real-world" marketing conditions facing a representative central Illinois corn and soybean farmer. Several key assumptions are: i) with a few exceptions, the marketing window for a crop year runs from September before harvest through August after harvest, ii) on-farm or commercial physical storage costs, as... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/14773 |
| |
|
|
| Irwin, Scott H.; Good, Darrel L.; Martines-Filho, Joao Gomes; Batts, Ryan M.. |
| The purpose of this research report is to summarize the pricing performance of professional market advisory services for the 1995-2004 corn and soybean crops. On average, the results show that the frequency of advisory programs pricing in the top-third of the corn price range over 1995-2004 is modest, between 17 and 25%. By far the largest average frequency occurs in the middle third of the corn price range, ranging from 58 to 63%. Price range results for soybeans are similar to the results for corn. Average differences between 50/50 advisory revenue and benchmarks range from 5 to $7 per acre for market benchmarks and 8 to $12 per acre for farmer benchmarks. The average advisory return relative to the farmer benchmarks is about three percent of average... |
| Tipo: Report |
Palavras-chave: Agricultural Finance. |
| Ano: 2006 |
URL: http://purl.umn.edu/37456 |
| |
|
| |
|
|
| Colino, Evelyn V.; Cabrini, Silvina M.; Aulerich, Nicole M.; Brandenberger, Tracy L.; Merrin, Robert P.; Shi, Wei; Irwin, Scott H.; Good, Darrel L.; Martines-Filho, Joao Gomes. |
| This report presents marketing profiles and loan deficiency payment/marketing loan gain profiles for the advisory services followed by the AgMAS Project for the 2002, 2003 and 2004 soybean crops. Marketing profiles are constructed by plotting the cumulative net amount priced under each program’s set of recommendations throughout the crop year. Loan deficiency payment/marketing loan gain (LDP/MLG) profiles are constructed by plotting the cumulative percentage of the crop on which the LDP/MLG was claimed during the crop year. Marketing profiles provide information to evaluate the style of advisory services in several ways. The percentage of crop priced is a measure of within-crop year price risk. The higher the proportion of a crop priced, the lower the... |
| Tipo: Report |
Palavras-chave: Agricultural Finance. |
| Ano: 2006 |
URL: http://purl.umn.edu/37485 |
| |
|
|
| Martines-Filho, Joao Gomes; Good, Darrel L.; Irwin, Scott H.. |
| The purpose of this research report is to present an evaluation of advisory service pricing performance in the 1999 crop year for wheat. Specifically, the average price received by a subscriber to an advisory service is calculated for wheat crop harvested in 1999. The average net advisory price across all 23 wheat programs in 1999 is $2.64 per bushel, $0.04 below the market benchmark price. The range of net advisory prices is substantial, with a minimum of $2.18 per bushel and a maximum of $3.38 per bushel. The average revenue achieved by following an advisory service is $163 per acre, $3.00 less than the market benchmark revenue. The spread in advisory revenue also is noteworthy, with the difference between the bottom- and top-performing advisory... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2001 |
URL: http://purl.umn.edu/14788 |
| |
|
|
| Irwin, Scott H.; Martines-Filho, Joao Gomes; Good, Darrel L.. |
| The purpose of this research report is to summarize the pricing performance of professional market advisory services for the 1995-2001 corn and soybean crops. First, advisory programs in corn do not consistently beat market benchmarks, but they do consistently beat the farmer benchmark. Second, advisory programs in soybeans tend to beat both market and farmer benchmarks. Third, in terms of 50/50 revenue, advisory programs only marginally beat market benchmarks, but consistently beat the farmer benchmark. So, the results provide mixed performance evidence with respect to market benchmarks and consistently positive evidence with respect to the farmer benchmark. Caution should be used when considering the results, due to the relatively small sample of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/14770 |
| |
|
|
| Good, Darrel L.; Irwin, Scott H.; Jackson, Thomas E.; Jirik, Mark A.; Martines-Filho, Joao Gomes. |
| The purpose of this research report is to present an evaluation of advisory service pricing performance in 1998 for corn and soybeans. Specifically, the average price received by a subscriber to an advisory service is calculated for corn and soybean crops harvested in 1998. The average net advisory price across all 23 corn programs is $2.17 per bushel - seven cents below the market benchmark price. The net advisory prices for corn range from a minimum of $1.93 per bushel to a maximum of $2.51 per bushel. The average net advisory price across all 22 soybean programs is $5.82 per bushel - four cents less than the market benchmark. The net advisory prices for soybeans range from a minimum of $5.11 per bushel to a maximum of $6.58 per bushel. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2000 |
URL: http://purl.umn.edu/14793 |
| |
|
|
| Good, Darrel L.; Irwin, Scott H.; Martines-Filho, Joao Gomes; Hagedorn, Lewis A.. |
| The purpose of this research report is to evaluate the pricing performance of market advisory services for the 1995-2003 corn and soybean crops. Four basic indicators of performance are applied to advisory program prices and revenues over 1995-2003. Test results provide little evidence that advisory programs as a group outperform market benchmarks, particularly after considering risk. The evidence is somewhat more positive with respect to the farmer benchmark, even after taking risk into account. For example, the average advisory return relative to the farmer benchmark is $7 per acre with only a negligible increase in risk. While this return is small it nonetheless represents a non-trivial increase in net farm income per acre for grain farms in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/14775 |
| |
|
|
| Colino, Evelyn V.; Cabrini, Silvina M.; Aulerich, Nicole M.; Brandenberger, Tracy L.; Merrin, Robert P.; Shi, Wei; Irwin, Scott H.; Good, Darrel L.; Martines-Filho, Joao Gomes. |
| This report presents marketing profiles and loan deficiency payment/marketing loan gain profiles for the advisory services followed by the AgMAS Project for the 2002, 2003 and 2004 corn crops. Marketing profiles are constructed by plotting the cumulative net amount priced under each program’s set of recommendations throughout the crop year. Loan deficiency payment/marketing loan gain (LDP/MLG) profiles are constructed by plotting the cumulative percentage of the crop on which the LDP/MLG was claimed during the crop year. Marketing profiles provide information to evaluate the style of advisory services in several ways. The percentage of crop priced is a measure of within-crop year price risk. The higher the proportion of a crop priced, the lower the... |
| Tipo: Report |
Palavras-chave: Agricultural Finance. |
| Ano: 2006 |
URL: http://purl.umn.edu/37484 |
| |
|
|
| Stark, Brian G.; Cabrini, Silvina M.; Irwin, Scott H.; Good, Darrel L.; Martines-Filho, Joao Gomes. |
| Agricultural market advisory services offer specific advice to farmers on how to market their commodities. Farmers can subscribe to one or more of these services and follow their advice as a way of managing price risk. According to portfolio theory, a combination of these services may have risk/return benefits compared to individual services. This report analyzes the potential risk reduction gains from naïve diversification among market advisory services for corn and soybeans. Results show that increasing the number of (equal-weighting) services reduces portfolio expected risk, but the marginal decrease in risk from adding a new service decreases rapidly with portfolio size. The risk reduction benefits of naïve diversification among advisory services... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/14774 |
| |
|
| |
|
|
| Hagedorn, Lewis A.; Irwin, Scott H.; Martines-Filho, Joao Gomes; Good, Darrel L.; Sherrick, Bruce J.; Schnitkey, Gary D.. |
| The purpose of this research report is to summarize the features of several types of "new generation" grain marketing contracts. Over the last several years, new types of grain marketing contracts have been developed by the grain industry in an attempt to improve the results of the marketing process for farmers. These products use automated pricing rules, discretionary marketing on the part of a professional advisor, options strategies, or some combination of all three; their goal is to achieve a price for the farmer near or above the "average" price offered by the market over a given time. Reports in the farm media suggest interest in new generation contracts has increased rapidly in recent years. This publication describes some of the contracts... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries; Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/14782 |
| |
|
| |
|
|
| Irwin, Scott H.; Good, Darrel L.; Martines-Filho, Joao Gomes; Hagedorn, Lewis A.. |
| The purpose of this research report is to summarize the pricing performance of professional market advisory services for the 1995-2003 corn and soybean crops. First, advisory programs in corn do not consistently beat market benchmarks, but tend to consistently beat the farmer benchmark. Second, advisory programs in soybeans exhibit just the opposite pattern, consistently beating the market benchmarks but not the farmer benchmark. Third, in terms of 50/50 revenue, advisory programs show marginal consistency in beating both the market benchmarks and the farmer benchmark. So, the results provide mixed performance evidence with respect to both the market benchmarks and the farmer benchmark. |
| Tipo: Report |
Palavras-chave: Agricultural Finance. |
| Ano: 2005 |
URL: http://purl.umn.edu/37486 |
| |
|
|
| Martines-Filho, Joao Gomes; Irwin, Scott H.; Good, Darrel L.; Cabrini, Silvina M.; Stark, Brian G.; Shi, Wei; Webber, Rick L.; Hagedorn, Lewis A.; Williams, Steven L.. |
| This report presents marketing profiles and loan deficiency payment/marketing loan gain profiles for the advisory services followed by the AgMAS Project for the 1995 through 2000 soybean crops. Marketing profiles are constructed by plotting the cumulative net amount priced under each program's set of recommendations throughout a crop year. Loan deficiency payment/marketing loan gain (LDP/MLG) profiles are constructed by plotting the cumulative percentage of the crop on which the LDP/MLG was claimed during the crop year. Marketing profiles provide information to evaluate the style of advisory services in several ways. The percentage of crop priced is a measure of within-crop year price risk. The higher the proportion of a crop priced, the lower the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/14791 |
| |
|
|
| Irwin, Scott H.; Good, Darrel L.; Martines-Filho, Joao Gomes; Jackson, Thomas E.. |
| The purpose of this paper is to address two basic performance questions for market advisory services: 1) Do market advisory services, on average, outperform an appropriate market benchmark? and 2) Do market advisory services exhibit persistence in their performance from year-to-year? Data on corn and soybean net price received for advisory services, as reported by the AgMAS Project, are available for the 1995, 1996, 1997 and 1998 crop years. Performance test results suggest that, on average, market advisory services exhibit a small ability to "beat the market" for the 1995 through 1998 corn and soybean crops. It is debatable whether the performance of advisory services also is economically significant. The predictability results provide little evidence... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2000 |
URL: http://purl.umn.edu/14786 |
| |
| Registros recuperados: 32 | |
|
|
|
