Limestone Farms LLC
Dell Hemmelgarn · Mitchell County, KS · Katie Rennick · client since 2020
96k bu at 85% priced
$397.1K under management
Call before pricingCosts from their booksLast spoke in 26 days5 other findings(785) 555-5083
20k 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 Dell Hemmelgarn plainly that this part of the position is not fully priced yet.
Contracts
8
81k bu priced, 85% of expected production.
Revenue locked
$331,980
-$36,224 of it over break-even.
Basis left open
20k bu
Board locked, cash price not yet settled.
Sold, not hauled
65k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | Corn new crop | Cash | 20k bu | $4.16 | -$0.45 | $3.71 | -$0.23 -$4,669 | Dec 2026 Concordia Grain Not hauled |
| Jul 17, 2026 | Wheat new crop | Cash | 3,300 bu | $5.76 | -$0.63 | $5.13 | -$0.77 -$2,541 | Jul 2027 Concordia Grain Not hauled |
| Jun 22, 2026 | Corn old crop | Cash | 8,300 bu | $4.29 | -$0.47 | $3.82 | -$0.73 -$6,059 | Oct 2026 Concordia Grain Hauled |
| May 7, 2026 | Corn new crop | Forward/HTA | 12k bu | $4.49 | -$0.49 | $4.00 | +$0.06 $708 | Dec 2026 Concordia Grain Not hauled |
| Apr 30, 2026 | Wheat new crop | Cash | 3,700 bu | $5.93 | -$0.55 | $5.38 | -$0.52 -$1,924 | Jul 2027 Concordia Grain Not hauled |
| Apr 29, 2026 | Corn old crop | Cash | 8,600 bu | $4.22 | -$0.44 | $3.78 | -$0.77 -$6,622 | Oct 2026 Concordia Grain Hauled |
| Mar 9, 2026 | Wheat new crop | Forward/HTA | 5,900 bu | $6.05 | -$0.63 | $5.42 | -$0.48 -$2,832 | Jul 2027 Concordia Grain Not hauled |
| Mar 5, 2026 | Corn old crop | Forward/HTA | 20k bu | $4.38 | -$0.46 Open | $3.92 estimate | -$0.63 -$12,285 | Oct 2026 Concordia Grain 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 10, 2026 | Corn | Check in | Season check in, no recommendation |
| Jul 5, 2026 | Corn | Declined | Recommended moving old crop, client is holding for a rally |
| Apr 5, 2026 | Corn | No answer | Left a message about an expiring order |
| Jan 15, 2026 | Corn | No answer | Left a message about the next tranche |
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.