Iron Mound Ag
Janelle Novak · Republic County, KS · Katie Rennick · client since 2024
216k bu at 84% priced
$764.6K under management
Price to the planCosts are estimatesLast spoke in 4 months1 critical4 other findings(785) 555-9009
30k bu of Milo is contracted past the insurance guarantee. No further new-crop sales on this crop. Check whether coverage can go up, and if it cannot, tell Janelle Novak what the exposure is in bushels. 4 more findings on this family.
Priced
84%
181k bu of 216k bu · pace 80%
Revenue locked
$645.2K
$17,824 of it over break-even
On the table
—
Today's bids do not clear this family's cost of production.
Reading
Needs a call
1 live crop across 2,155 acres.
Milo new crop · Dec 2026
2,155 acres at 100 bu/acre · 216k bu expected
30k bu is forward contracted past the insurance guarantee
The Revenue Protection guarantee covers 151k bu. Everything above that carries production risk: a short crop has to be bought back, and a short crop and a rally arrive together. No further new-crop sales until the crop is closer to made or coverage goes up.
Break-even
$3.47
Estimated from county averages.
Cash bid today
$3.44
Board $3.95 with a -$0.51 basis.
Average sold
$3.57
+$0.10 over cost on 181k bu.
Bid over cost
-$0.03
The market is not paying this family's cost right now.
Priced against pace84% of 80% target
Sold against insured
Sold 181k buInsured 151k bu, typed on the planExpected 216k bu
30k bu sold past the insured bushels.
35k bu unpricedStorage 110k bu, 51% of the crop181k bu sold, not hauled10k bu resting
Resting in the market
| Instrument | Bushels | Trigger | Away | Expires |
|---|---|---|---|---|
| Forward/HTA Mankato Elevator | 5,400 bu | $4.08 board | $0.13 | Good til canceled |
| Forward/HTA Mankato Elevator | 4,600 bu | $3.83 cash | $0.39 | Nov 10, 2026 |
Every figure on this page is computed from the desk's records. Nothing here is a trade recommendation to the client: the plan is what they agreed to, the next action is what that plan calls for today, and a person decides.