Warren Preston

USDA's new grain stocks report shows a very pronounced pattern for most crops in which stocks held on farms are out-weighing off-farm stocks.   As of September 1st corn stocks overall, 2.1 Billion bushels, down 1% from a year ago.  Bu...

According to the USDA, government payments have boosted farm incomes 42.5% year-over-year.  Those payments increased from what was issued in 2018, to an expectation of $19.5 billion this year.   “Conservation-related payments are estimated at $3.7 billion, that...

According to the USDA, government payments have boosted farm incomes 42.5% year-over-year.  Those payments increased from what was issued in 2018, to an expectation of $19.5 billion this year.   “Conservation-related payments are estimated at $3.7 billion, that...

USDAs Economic Research Service has revised its 2018 farm income forecast into an estimate based on data of actual activity.   “So we have a pretty big adjustment in the net farm income estimate for 2018,” said USDA Deputy Chief Economist Warren Preston.  “In March of t...

In May, the USDA was predicting 2019 Ag exports to be around $137 billion, down 4.5% from the previous forecast, and down $3.6 billion from 2018's figures.  In the Department's most recent export forecast, they've trimmed another $2.5 million from the forecast, coming in a $134.5 bi...

The USDA released its August farm income forecast Friday.  And economists expect net farm income to come in at $88 billion, up 4.8% year over year.  USDA deputy chief Economist, Warren Preston says net cash farm income is also forecast to increase.   ...

The USDA says farm Income could increase slightly in the year ahead.   But with the ray of hope out there, Gary Crawford sat down with USDA Deputy Chief Economist Warren Preston who says there are some worrisome trends.       Again, that was Gary Crawford with USDA Deputy Chief Economist Warren Preston.     If yo...

Farm profits this year could go up, but not enough to make up for last year's income drop.  The Agriculture department is out with it's first forecast for 2019 farm income. "Despite all the turmoil we've seen in the markets, we do see a small uptick in both net farm income and net cash income." ...

Farm producers paid a little more than 4% more last year for their expenditures, compared to 2016.  That's according to the USDA's annual look at this part of the farm sector.   "For 17 of the line-items that NASS tracks, 13 showed an increase from the previous year and the rest showed a decrease,” said USDA Deputy Chief Economist Warren Preston said. That includ...