Thwe author has been involved with a project to map local price variation for corn since 2008. Data is collected for zip code areas in Minnesota and analyzed with a marketing algorithm to determine the best local price in the zip code area. Adjustment for transportation and other costs are used to generate a net price. These results are translated to benchmark farms in the area to calculate how much additional revenue is added for the typical farm. Standard deviations of revenue are calculated. The average gain is $30000 for a benchmark farm over five years.
|Conference||2015 Extension Risk Management Education National Conference|