Spring Branch Acres
Lyle Carver · Jewell County, KS · Katie Rennick · client since 2015
437k bu at 63% priced
$1.8M under management
Call before pricingCosts are estimatesLast spoke in 16 days4 other findings(785) 555-6437
71k 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 Lyle Carver plainly that this part of the position is not fully priced yet.
Contracts
5
276k bu priced, 63% of expected production.
Revenue locked
$1,138,343
$7,685 of it over break-even.
Basis left open
71k bu
Board locked, cash price not yet settled.
Sold, not hauled
276k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Apr 30, 2026 | Milo new crop | Basis | 74k bu | $4.26 | -$0.18 | $4.08 | -$0.12 -$8,916 | Dec 2026 Smith Center Feeders Not hauled |
| Apr 6, 2026 | Corn new crop | Cash | 56k bu | $4.31 | -$0.09 | $4.22 | +$0.28 $15,708 | Dec 2026 Smith Center Feeders Not hauled |
| Feb 21, 2026 | Milo new crop | Forward/HTA | 28k bu | $4.21 | -$0.18 | $4.03 | -$0.17 -$4,828 | Dec 2026 Smith Center Feeders Not hauled |
| Feb 13, 2026 | Corn new crop | Cash | 46k bu | $4.59 | -$0.01 | $4.58 | +$0.64 $29,184 | Dec 2026 Smith Center Feeders Not hauled |
| Dec 16, 2025 | Milo new crop | Forward/HTA | 71k bu | $4.09 | -$0.22 Open | $3.87 estimate | -$0.33 -$23,463 | Dec 2026 Smith Center Feeders 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 |
|---|---|---|---|
| May 24, 2026 | Milo | Priced | Priced the next tranche at the elevator, board plus basis |
| Jan 6, 2026 | Milo | Priced | Priced the next tranche at the elevator, board plus basis |
| Oct 19, 2025 | Milo | Priced | Fixed the basis on an open HTA |
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.