Prairie Fire Land & Cattle

Doug Larsen · Republic County, KS · Owen Speck · client since 2015

404k bu at 81% priced

$1.6M under management

Price to the planCosts are estimatesLast spoke in 3 months5 other findings(785) 555-3238

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.

Corn new crop · Dec 2026

Break-even $4.30 · cash bid $4.13 · 68% priced against a 72% pace

Ladder covers 62% of the cropGuarantee 156k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.54	+$0.24	15% 33k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.72	+$0.42	22% 49k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$4.98	+$0.68	25% 56k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Corn old crop · Sep 2026

Break-even $4.43 · cash bid $3.96 · 96% priced against a 95% pace

Ladder covers 73% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.63	+$0.20	15% 27k bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$4.88	+$0.45	20% 36k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$5.16	+$0.73	18% 33k bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$5.40	+$0.97	20% 36k bu	Filled	Feb 9, 2027 in 6 months Window Feb-May	Hit

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 $4.40 to count as clearing cost.