Billings_PremDock_2016: Default protein premium/dockage data used for OFPE...

Billings_PremDock_2016R Documentation

Default protein premium/dockage data used for OFPE simulations.

Description

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.

Usage

Billings_PremDock_2016

Format

A data frame with 33 rows and 2 variables:

pro

Protein percent level (real number).

PremDock

Price gained or lost from the base price related to the associated protein level, in dollars.


paulhegedus/OFPE documentation built on Nov. 23, 2022, 5:09 a.m.