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
The figures below are computed from the desk's records and are the same figures the drafter is handed. The model writes the prose around them and does no arithmetic at all, because a wrong number in a recap is a misrepresentation to a family rather than a bug. If the drafter is unavailable the facts are still here, and the facts are the part that has to be right.
The position, as the family will read it
Expected production
404k bu
Priced
81%
326k bu · plan wants 72% by now
Revenue locked
$1,297,316
-$127,221 over cost
Still unpriced
78k bu
Worth $322,460 at today's bids and markets
| Crop | Priced | Average received | Cost of production | Made over cost |
|---|---|---|---|---|
| Corn (new crop) | 151k bu | $4.11 | $4.30 | -$0.19 -$29,400 |
| Corn (old crop) | 175k bu | $3.87 | $4.43 | -$0.56 -$97,821 |
The note to send
Nothing drafted yet. The drafter is handed the figures above and asked to explain them, and it is told not to calculate, forecast, or tell the family what to do.
The drafter is given computed figures and forbidden from doing arithmetic, deriving anything, or implying a market forecast. Nobody on this desk knows where the board is going, and a recap that hints otherwise is the one document that could make a family's loss the desk's fault.
A recap is not a recommendation to the family. The advisor recommends, the family decides, and the language is written that way on purpose.