DO AGRICULTURAL MARKET ADVISORY SERVICES BEAT THE MARKET? EVIDENCE FROM THE CORN AND SOYBEAN MARKETS OVER 1995-1998

Scott Irwin, Darrel L. Good, Joao Gomes Martines-Filho and Thomas E. Jackson
Authors registered in the RePEc Author Service: João Gomes Martines Filho

No 14786, AgMAS Project Research Reports from University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics

Abstract: 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 that future advisory service pricing performance can be predicted from past performance.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 67
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://ageconsearch.umn.edu/record/14786/files/agm0003.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uiucrr:14786

DOI: 10.22004/ag.econ.14786

Access Statistics for this paper

More papers in AgMAS Project Research Reports from University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().