Beginning in 1924, the Unites States Department of Agriculture has issued an annual "Agricultural Outlook” in which forecasts and recommendations as to the production and prices, of agricultural products arc given. These forecasts are released in the mid-winter, and are designed to furnish basic economic information to be used in planning agricultural production during the coming crop year. Since the 1930 Outlook statement is the eighth to be released, an interesting and important question is: What proportion of the forecasts contained in the 1924-1929 statements have "been correct? In this paper, an approximate answer to the general question and a detailed analysis of the 1924 and 1929 Outlook statements is presented.