Tallgrass Ag
Vern Gruber · Thayer County, NE · Owen Speck · client since 2017
2.8M bu at 69% priced
$11.8M under management
Call before pricingCosts are estimatesLast spoke in 63 days7 other findings(785) 555-5288
The figures below are computed from the desk's records and are the same figures the drafter is handed. The model writes the prose around them and does no arithmetic at all, because a wrong number in a recap is a misrepresentation to a family rather than a bug. If the drafter is unavailable the facts are still here, and the facts are the part that has to be right.
The position, as the family will read it
Expected production
2.8M bu
Priced
69%
1.9M bu · plan wants 80% by now
Revenue locked
$8,129,740
$492,016 over cost
Still unpriced
891k bu
Worth $3,689,460 at today's bids and markets
| Crop | Priced | Average received | Cost of production | Made over cost |
|---|---|---|---|---|
| Corn (new crop) | 865k bu | $4.22 | $4.14 | +$0.08 $72,880 |
| Corn (old crop) | 1.1M bu | $4.17 | $3.78 | +$0.39 $419,136 |
The note to send
Nothing drafted yet. The drafter is handed the figures above and asked to explain them, and it is told not to calculate, forecast, or tell the family what to do.
The drafter is given computed figures and forbidden from doing arithmetic, deriving anything, or implying a market forecast. Nobody on this desk knows where the board is going, and a recap that hints otherwise is the one document that could make a family's loss the desk's fault.
A recap is not a recommendation to the family. The advisor recommends, the family decides, and the language is written that way on purpose.