Lanworth questions USDA crop production estimates

USDA’s updated crop production numbers have not come without some questions after what’s been a trying year for a large number of producers.

Lanworth Financial Vice President for Products Nick Kouchoukos says computer modeling used by Lanworth is more accurate than USDA’s field surveys.

The firm won’t publically release its current estimates, but according to Kouchoukos, “We saw corn production begin to come down and we expect it has a ways to go – the same is true for soybeans.”

USDA’s next crop production estimates are out in January.

Nick Kouchoukos discusses Lanworth’s methods and probable additional revisions by the USDA (5 Minutes, MP3)