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
$645,200 is locked across 2 contracts, $17,824 of it over this family's cost of production. Every one of those decisions has a dated record behind it.
Contracts
2
181k bu priced, 84% of expected production.
Revenue locked
$645,200
$17,824 of it over break-even.
Basis left open
0 bu
Board locked, cash price not yet settled.
Sold, not hauled
181k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jun 24, 2026 | Milo new crop | Basis | 134k bu | $4.16 | -$0.55 | $3.61 | +$0.14 $18,760 | Dec 2026 Mankato Elevator Not hauled |
| May 23, 2026 | Milo new crop | Basis | 47k bu | $3.96 | -$0.51 | $3.45 | -$0.02 -$936 | Dec 2026 Mankato Elevator Not hauled |
Net cash is the board plus the basis, which is the only price the family is actually paid. Where the basis is open the stored figure is today's estimate rather than a settled price, so the average across the account moves until somebody fixes it.
What was advised, and what they decided
| Date | Crop | Outcome | Recommendation |
|---|---|---|---|
| Oct 15, 2026 | Milo | Check in | Walked through the position and the ladder |
| Aug 12, 2026 | Milo | No answer | Left a message about an expiring order |
| Jul 26, 2026 | Milo | Priced | Booked a forward contract inside the insurance guarantee |
| May 21, 2026 | Milo | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Apr 29, 2026 | Milo | Check in | Season check in, no recommendation |
| Apr 21, 2026 | Milo | Check in | Season check in, no recommendation |
TODO: the contact history in this demo is synthetic. These are invented conversations and they must be cleared before anybody outside the desk sees this page. The record itself is the point: it is the least glamorous thing in the product and probably the most valuable.