Sage Flat Family Farms
Neil Novak · Smith County, KS · Katie Rennick · client since 2020
111k bu at 83% priced
$609.7K under management
Call before pricingCosts are estimatesLast spoke in 3 months1 critical2 other findings(785) 555-7500
8,800 bu of Wheat is contracted past the insurance guarantee. No further new-crop sales on this crop. Check whether coverage can go up, and if it cannot, tell Neil Novak what the exposure is in bushels. 2 more findings on this family.
Priced
83%
92k bu of 111k bu · pace 80%
Revenue locked
$509.7K
$12,640 of it over break-even
On the table
—
Today's bids do not clear this family's cost of production.
Reading
Needs a call
1 live crop across 2,352 acres.
Wheat new crop · Jul 2027
2,352 acres at 47 bu/acre · 111k bu expected
8,800 bu is forward contracted past the insurance guarantee
The Revenue Protection guarantee covers 83k bu. Everything above that carries production risk: a short crop has to be bought back, and a short crop and a rally arrive together. No further new-crop sales until the crop is closer to made or coverage goes up.
Break-even
$5.42
Estimated from county averages.
Cash bid today
$5.31
Board $5.90 with a -$0.59 basis.
Average sold
$5.56
+$0.14 over cost on 92k bu.
Bid over cost
-$0.11
The market is not paying this family's cost right now.
Priced against pace83% of 80% target
Sold against insured
Sold 92k buInsured 83k bu, typed on the planExpected 111k bu
8,800 bu sold past the insured bushels.
19k bu unpricedStorage 33k bu, 30% of the crop92k bu sold, not hauled2,200 bu resting
Resting in the market
| Instrument | Bushels | Trigger | Away | Expires |
|---|---|---|---|---|
| Forward/HTA Washington County Elevator | 2,200 bu | $5.75 cash | $0.44 | Jan 4, 2027 |
Every figure on this page is computed from the desk's records. Nothing here is a trade recommendation to the client: the plan is what they agreed to, the next action is what that plan calls for today, and a person decides.