Prairie Fire Land & Cattle
Doug Larsen · Republic County, KS · Owen Speck · client since 2015
404k bu at 81% priced
$1.5M under management
Price to the planCosts are estimatesLast spoke in 64 days7 other findings(785) 555-3238
94k 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 Doug Larsen plainly that this part of the position is not fully priced yet.
Contracts
4
326k bu priced, 81% of expected production.
Revenue locked
$1,209,689
-$214,848 of it over break-even.
Basis left open
94k bu
Board locked, cash price not yet settled.
Sold, not hauled
151k 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 old crop | Forward/HTA | 81k bu | $4.26 | -$0.59 | $3.67 | -$0.76 -$61,788 | Oct 2026 Mankato Elevator Hauled |
| Jul 4, 2026 | Corn new crop | Cash | 69k bu | $4.31 | -$0.57 | $3.74 | -$0.56 -$38,696 | Dec 2026 Mankato Elevator Not hauled |
| May 15, 2026 | Corn old crop | Forward/HTA | 94k bu | $4.23 | -$0.54 Open | $3.69 estimate | -$0.74 -$69,264 | Oct 2026 Mankato Elevator Hauled |
| Apr 26, 2026 | Corn new crop | Cash | 82k bu | $4.30 | -$0.55 | $3.75 | -$0.55 -$45,100 | Dec 2026 Mankato Elevator 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 4, 2026 | Corn | Priced | Filled the resting order and confirmed the contract |
| Sep 14, 2026 | Corn | Agreed, not yet executed | Agreed to move old crop once trucking frees up |
| Jul 27, 2026 | Corn | No answer | Left a message about the next tranche |
| Jul 9, 2026 | Corn | Priced | Booked a forward contract inside the insurance guarantee |
| Jan 13, 2026 | Corn | No answer | Left a message about an expiring order |
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.