Dry Creek Farms

Hank Jansen · Smith County, KS · Owen Speck · client since 2015

21k bu at 73% priced

$184.7K under management

Call before pricingCosts from their booksLast spoke in 28 days2 other findings(785) 555-5544

Position Plan Working Orders Sales Break-evens Livestock Recap

Every rung on every ladder clears this family's cost of production plus the desk's $0.10 cushion, and nothing has passed its sell-by date. The plan is doing its job.

Soybeans new crop · Nov 2026

Break-even $9.29 · cash bid $10.56 · 72% priced against a 72% pace

Ladder covers 52% of the cropGuarantee 11k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$9.76	+$0.47	15% 1,894 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$10.32	+$1.03	15% 1,894 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$10.73	+$1.44	22% 2,778 bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Wheat new crop · Jul 2027

Break-even $5.77 · cash bid $5.76 · 74% priced against a 72% pace

Ladder covers 83% of the cropGuarantee 6,800 bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$6.10	+$0.33	15% 1,279 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$6.38	+$0.61	23% 1,961 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$6.75	+$0.98	23% 1,961 bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit
4	$7.07	+$1.30	22% 1,876 bu	$1.31	Nov 9, 2026 in 3 months Window Feb-May	Working

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 $9.39 to count as clearing cost.