Willow Bend Family Farms
Lori Bergen · Washington County, KS · Owen Speck · client since 2017
184k bu at 72% priced · 721 head at 83% sold
$2.9M under management
Call before pricingCosts are estimatesLast spoke in 43 days8 other findings(785) 555-5545
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
184k bu
Priced
72%
134k bu · plan wants 72% by now
Revenue locked
$2,264,165
$34,580 over cost
Still unpriced
51k bu
Worth $603,262 at today's bids and markets, plus 126 head
| Crop | Priced | Average received | Cost of production | Made over cost |
|---|---|---|---|---|
| Soybeans (new crop) | 24k bu | $10.95 | $10.70 | +$0.25 $5,882 |
| Soybeans (old crop) | 27k bu | $10.91 | $10.81 | +$0.10 $2,622 |
| Corn (new crop) | 69k bu | $4.45 | $4.17 | +$0.28 $19,225 |
| Wheat (new crop) | 14k bu | $5.88 | $5.77 | +$0.11 $1,553 |
Livestock, in head and hundredweight
| Group | Head | Sold | Average received | Cost of gain | Made over cost | Floor |
|---|---|---|---|---|---|---|
| Pen, Apr placement Feedlot | 721 | 595 | $174.07 | $173.37 | $0.70 | None |
Percent sold on livestock is BY HEAD, and it is never comparable to the grain percentage above. A floor is net of the premium paid, and it floors RMA's published index rather than what the animals bring at the barn.
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.