Flint Ridge Acres
Cole Larsen · Webster County, NE · Owen Speck · client since 2016
476k bu at 46% priced
$1.8M under management
Call before pricingCosts are estimatesLast spoke in 22 days2 critical7 other findings(785) 555-8321
52k bu is priced on the board with the basis still open, so the average price below is an estimate on those bushels rather than a number. Somebody has to ring the elevator and fix it, or tell Cole Larsen plainly that this part of the position is not fully priced yet.
Contracts
9
221k bu priced, 46% of expected production.
Revenue locked
$888,717
-$45,397 of it over break-even.
Basis left open
52k bu
Board locked, cash price not yet settled.
Sold, not hauled
221k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 8, 2026 | Milo old crop | Cash | 64k bu | $4.00 | -$0.47 | $3.53 | -$0.49 -$31,507 | Oct 2026 Hebron Farmers Co-op Not hauled |
| Jul 5, 2026 | Wheat new crop | Basis | 18k bu | $6.09 | -$0.61 | $5.48 | +$0.57 $10,374 | Jul 2027 Hebron Farmers Co-op Not hauled |
| Jun 30, 2026 | Milo new crop | Cash | 23k bu | $4.02 | -$0.46 | $3.56 | -$0.35 -$8,015 | Dec 2026 Hebron Farmers Co-op Not hauled |
| Jun 4, 2026 | Milo old crop | Forward/HTA | 35k bu | $3.81 | -$0.48 Open | $3.33 estimate | -$0.69 -$23,805 | Oct 2026 Hebron Farmers Co-op Not hauled |
| May 26, 2026 | Milo new crop | Basis | 7,000 bu | $3.95 | -$0.49 | $3.46 | -$0.45 -$3,150 | Dec 2026 Hebron Farmers Co-op Not hauled |
| May 24, 2026 | Wheat new crop | Forward/HTA | 7,300 bu | $5.87 | -$0.70 | $5.17 | +$0.26 $1,898 | Jul 2027 Hebron Farmers Co-op Not hauled |
| Apr 10, 2026 | Wheat new crop | Forward/HTA | 17k bu | $5.90 | -$0.66 Open | $5.24 estimate | +$0.33 $5,676 | Jul 2027 Hebron Farmers Co-op Not hauled |
| Mar 21, 2026 | Milo new crop | Cash | 31k bu | $4.13 | -$0.46 | $3.67 | -$0.24 -$7,488 | Dec 2026 Hebron Farmers Co-op Not hauled |
| Feb 8, 2026 | Wheat new crop | Forward/HTA | 18k bu | $6.12 | -$0.62 | $5.50 | +$0.59 $10,620 | Jul 2027 Hebron Farmers Co-op 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 |
|---|---|---|---|
| Aug 9, 2026 | Wheat | Declined | Recommended fixing basis, client wants to see spring |
| Jun 17, 2026 | Wheat | Agreed, not yet executed | Agreed to move old crop once trucking frees up |
| Jun 4, 2026 | Milo | Priced | Fixed the basis on an open HTA |
| Apr 27, 2026 | Milo | Check in | Updated break-evens from their books |
| Jan 30, 2026 | Milo | Priced | Fixed the basis on an open HTA |
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.