Billings_PremDock_2016 | R Documentation |
A dataset containing protein levels of hard red winter wheat and the associated premium or dockage gathered in 2016 from the Billings, MT grain elevator. This dataset is used to fit a function of premium dockage related to grain protein that is used in the OFPE Monte Carlo simulation to calculate estimated net-return. The protein premiums are 15 cents per 1/2 percent protein from 11.5% to 15%. The protein dockages are 25 cents per 1/2 percent protein from 11.5% to 7%. simulation to calculate estimated net-return.
Billings_PremDock_2016
A data frame with 33 rows and 2 variables:
Protein percent level (real number).
Price gained or lost from the base price related to the associated protein level, in dollars.
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