Boxelder Farms

Neil Larsen · Cloud County, KS · Owen Speck · client since 2024

448k bu at 61% priced · 455 head at 33% sold

$2.8M under management

Call before pricingCosts are estimatesLast spoke in 23 days7 other findings(785) 555-1733

Position Plan Working Orders Sales Break-evens Livestock Coverage 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 $3.77 · 69% priced against a 80% pace

Ladder covers 64% of the cropGuarantee 176k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.49	+$0.19	15% 33k bu	Filled	Jul 25, 2026 3 months ago Window Feb-May	Hit
2	$4.74	+$0.44	25% 55k bu	Filled	Sep 25, 2026 30 days ago Window Feb-May	Hit
3	$5.01	+$0.71	24% 53k bu	Filled	Nov 25, 2026 in 31 days Window Feb-May	Hit

Corn old crop · Dec 2026

Break-even $4.41 · cash bid $3.77 · 53% priced against a 95% pace

Ladder covers 79% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.62	+$0.21	15% 34k bu	Filled	Oct 25, 2026 today Window Feb-May	Hit
2	$4.92	+$0.51	22% 50k bu	Filled	Dec 25, 2026 in 61 days Window Feb-May	Hit
3	$5.11	+$0.70	23% 53k bu	$1.34	Feb 25, 2027 in 4 months Window Feb-May	Working
4	$5.40	+$0.99	19% 43k bu	$1.63	Apr 25, 2027 in 6 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 $4.40 to count as clearing cost.