Wheatland Family Farms
Rhonda Wendt · Thayer County, NE · Owen Speck · client since 2022
647k bu at 23% priced · 356 head at 69% sold
$3.2M under management
Self directedCosts from their booksLast spoke in 4 months1 critical3 other findings(785) 555-3748
1 rung has passed their sell-by date with the bushels still unpriced. The plan prices those tranches on the calendar rather than the market, which is the whole point of writing a date next to a price. Either price them or agree a new date with the family and write it down.
Corn new crop · Dec 2026
Break-even $4.32 · cash bid $4.20 · 23% priced against a 72% pace
Ladder covers 54% of the cropGuarantee 485k bu
| Rung | Price | Over cost | Tranche | Away from the bid | Sell by | State |
|---|---|---|---|---|---|---|
| 1 | $4.52 | +$0.20 | 15% 97k bu | Filled | May 9, 2026 4 months ago Window Feb-May | Hit |
| 2 | $4.81 | +$0.49 | 16% 104k bu | $0.61 | Jul 9, 2026 46 days ago Window Feb-May | Time stop passed |
| 3 | $4.98 | +$0.66 | 23% 149k bu | $0.78 | Sep 9, 2026 in 16 days Window Feb-May | Due soon |
Rungs are sorted by price rather than by the order they were entered, because a scale-up ladder only reads as a ladder in price order. Distance is measured from the cash bid, which is the board plus the local basis, not from the board alone.
A rung that filled before its date is done rather than overdue. The desk's cushion over break-even is $0.10, because a break-even is itself an estimate and pricing exactly at one is pricing at the midpoint of an error bar. On this crop that means a rung has to clear $4.42 to count as clearing cost.