Boxelder Farms
Neil Larsen · Cloud County, KS · Owen Speck · client since 2024
448k bu at 57% priced · 455 head at 33% sold
$2.9M under management
Call before pricingCosts are estimatesLast spoke in 38 days1 critical4 other findings(785) 555-1733
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 · 61% priced against a 72% 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 | May 9, 2026 4 months ago Window Feb-May | Hit |
| 2 | $4.74 | +$0.44 | 25% 55k bu | Filled | Jul 9, 2026 46 days ago Window Feb-May | Hit |
| 3 | $5.01 | +$0.71 | 24% 53k bu | $0.88 | Sep 9, 2026 in 16 days Window Feb-May | Due soon |
Corn old crop · Sep 2026
Break-even $4.41 · cash bid $3.96 · 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 | Aug 9, 2026 15 days ago Window Feb-May | Hit |
| 2 | $4.92 | +$0.51 | 22% 50k bu | Filled | Oct 9, 2026 in 46 days Window Feb-May | Hit |
| 3 | $5.11 | +$0.70 | 23% 53k bu | $1.15 | Dec 9, 2026 in 4 months Window Feb-May | Working |
| 4 | $5.40 | +$0.99 | 19% 43k bu | $1.44 | Feb 9, 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.