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Right out of college, Preaus purchased  Mitchell [[Ford]], the company dealership in Farmerville, which also sold Mercury [[automobile]]s. In 1946, he opened a new building for the company, and his brother, Harry Preaus, Jr. (1915-1998), joined him as a partner. After their retirements, Joe and John Preaus took over the company.<ref>{{cite web|url=https://books.google.com/books?id=u6tICgUupecC&pg=PA19&lpg=PA19&dq=Fred+Preaus+of+Farmerville&source=bl&ots=9FRdE_n5l-&sig=DT4aRxCoARANwf2M74zA6LlFxQQ&hl=en&sa=X&ei=EebgVJ6TCca1ggS-84GoDQ&ved=0CDwQ6AEwBQ#v=onepage&q=Fred%20Preaus%20of%20Farmerville&f=false|title=Union Parish|page=19|author=W. Gene Barron|date=2012|publisher=Arcadia Publishing Company|location=[[Charleston]], [[South Carolina]]|isbn=978-0-7-3859167-4|accessdate=February 15, 2015}}</ref>​

Right out of college, Preaus purchased  Mitchell [[Ford]], the company dealership in Farmerville, which also sold Mercury [[automobile]]s. In 1946, he opened a new building for the company, and his brother, Harry Preaus, Jr. (1915-1998), joined him as a partner. After their retirements, Joe and John Preaus took over the company.<ref>{{cite web|url=https://books.google.com/books?id=u6tICgUupecC&pg=PA19&lpg=PA19&dq=Fred+Preaus+of+Farmerville&source=bl&ots=9FRdE_n5l-&sig=DT4aRxCoARANwf2M74zA6LlFxQQ&hl=en&sa=X&ei=EebgVJ6TCca1ggS-84GoDQ&ved=0CDwQ6AEwBQ#v=onepage&q=Fred%20Preaus%20of%20Farmerville&f=false|title=Union Parish|page=19|author=W. Gene Barron|date=2012|publisher=Arcadia Publishing Company|location=[[Charleston]], [[South Carolina]]|isbn=978-0-7-3859167-4|accessdate=February 15, 2015}}</ref>​

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Preaus was elected to the five-member Farmerville Town Council in 1949<ref>{{cite web|url=https://newspaperarchive.com/us/louisiana/monroe/monroe-morning-world/1949/03-13/page-21|publisher=''The Monroe Morning World''|title=Candidates file in Farmerville|page=21|date=March 13, 1949|accessdate=February 15, 2015}}</ref> and was active in the [[Chamber of Commerce]]. In 1952, incoming [[Governor]] [[Robert F. Kennon]] appointed Preaus as the state highway director.<ref name=mhwr/><ref>Other southern highway directors who made unsuccessful runs for governor in their states were state Senator B. R. Patton and state Representative T. T. Fields, Preaus worked to make Lake D'Arbonne in Farmerville a reality. Popular with fisherman and boaters, the waterway opened in 1963.<ref>{{cite web|url=http://lakedarbonnelife.com/2013/01/18/in-the-beginning/|title=In the Beginning|publisher=Lake D'Arbonne Life|date=January 18, 2013|accessdate=February 14, 2015}}</ref><ref>{{cite web|url=http://bab.stparchive.com/Archive/BAB/BAB11072013P05.php|title=Lake D'Arbonne Celebrating 50th Year|publisher=''The Bernice Banner''|location=Bernice, Louisiana|date=November 7, 2013|page=5|author=Kinny Haddox|accessdate=February 15, 2015}}</ref> In 1947, Preaus was president of the Union Parish Fair.<ref>{{cite book|url=https://books.google.com/books?id=nQwEAAAAMBAJ&pg=PT69&lpg=PT69&dq=Fred+T.+Preaus+of+Farmerville,+LA&source=bl&ots=rJw5aXf2KD&sig=Yn-MunAShn5MO-KYqED0LZ1PR7k&hl=en&sa=X&ei=NQXhVMXbEMyXNs6OgcAG&ved=0CDAQ6AEwAzge#v=onepage&q=Fred%20T.%20Preaus%20of%20Farmerville%2C%20LA&f=false|title=''Billboard''|date=May 31, 1947|page=70|publisher=Nelson Business Media|accessdate=February 15, 2015}}</ref>​

Preaus was elected to the five-member Farmerville Town Council in 1949<ref>{{cite web|url=https://newspaperarchive.com/us/louisiana/monroe/monroe-morning-world/1949/03-13/page-21|publisher=''The Monroe Morning World''|title=Candidates file in Farmerville|page=21|date=March 13, 1949|accessdate=February 15, 2015}}</ref> and was active in the [[Chamber of Commerce]]. In 1952, incoming [[Governor]] [[Robert F. Kennon]] appointed Preaus as the state highway director.<ref name=mhwr/> Preaus worked to make Lake D'Arbonne in Farmerville a reality. Popular with fisherman and boaters, the waterway opened in 1963.<ref>{{cite web|url=http://lakedarbonnelife.com/2013/01/18/in-the-beginning/|title=In the Beginning|publisher=''Lake D'Arbonne Life''|date=January 18, 2013|accessdate=February 14, 2015}}</ref><ref>{{cite web|url=http://bab.stparchive.com/Archive/BAB/BAB11072013P05.php|title=Lake D'Arbonne Celebrating 50th Year|publisher=''The Bernice Banner''|location=Bernice, Louisiana|date=November 7, 2013|page=5|author=Kinny Haddox|accessdate=February 15, 2015}}</ref> In 1947, Preaus was president of the Union Parish Fair.<ref>{{cite book|url=https://books.google.com/books?id=nQwEAAAAMBAJ&pg=PT69&lpg=PT69&dq=Fred+T.+Preaus+of+Farmerville,+LA&source=bl&ots=rJw5aXf2KD&sig=Yn-MunAShn5MO-KYqED0LZ1PR7k&hl=en&sa=X&ei=NQXhVMXbEMyXNs6OgcAG&ved=0CDAQ6AEwAzge#v=onepage&q=Fred%20T.%20Preaus%20of%20Farmerville%2C%20LA&f=false|title=''Billboard''|date=May 31, 1947|page=70|publisher=Nelson Business Media|accessdate=February 15, 2015}}</ref>​

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Preaus was also engaged in the timber business. Preaus and J. A. Auger (1911–2010), an inductee of the Loggers Hall of Fame,<ref>{{cite web|url=http://www.thepineywoods.com/HallFameSep12.htm|title=Loggers Hall of Fame Sept. 14: Dodson museum underway for Hall, and regional history|author=Tom Kelly|publisher=''The Piney Woods Journal''|accessdate=February 15, 2015}}</ref> together developed the first chip mill in Farmerville.<ref>{{cite web|url=http://www.fgazette.com/news.php?id=1169|title=Mary Nash-Wood, "Augers Leave Behind Rich Legacy"|publisher=''Farmerville Gazette'', February 3, 2010|accessdate=September 5, 2010}}</ref>​

Preaus was also engaged in the timber business. Preaus and J. A. Auger (1911–2010), an inductee of the Loggers Hall of Fame,<ref>{{cite web|url=http://www.thepineywoods.com/HallFameSep12.htm|title=Loggers Hall of Fame Sept. 14: Dodson museum underway for Hall, and regional history|author=Tom Kelly|publisher=''The Piney Woods Journal''|accessdate=February 15, 2015}}</ref> together developed the first chip mill in Farmerville.<ref>{{cite web|url=http://www.fgazette.com/news.php?id=1169|title=Mary Nash-Wood, "Augers Leave Behind Rich Legacy"|publisher=''Farmerville Gazette'', February 3, 2010|accessdate=September 5, 2010}}</ref>​