Salt Fork Farms

Peg Hemmelgarn · Thayer County, NE · Katie Rennick · client since 2016

67k bu at 78% priced · 333 head at 97% sold

$715K under management

Self directedCosts are estimatesLast spoke in 1 day9 other findings(785) 555-9230

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.

Wheat new crop · Jul 2027

Break-even $5.02 · cash bid $5.24 · 73% priced against a 80% pace

Ladder covers 71% of the cropGuarantee 11k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.28	+$0.26	15% 2,248 bu	Filled	Jul 25, 2026 3 months ago Window Feb-May	Hit
2	$5.50	+$0.48	17% 2,548 bu	Filled	Sep 25, 2026 30 days ago Window Feb-May	Hit
3	$5.84	+$0.82	21% 3,147 bu	Filled	Nov 25, 2026 in 31 days Window Feb-May	Hit
4	$6.07	+$1.05	18% 2,697 bu	Filled	Jan 25, 2027 in 3 months Window Feb-May	Hit

Wheat old crop · Dec 2026

Break-even $5.05 · cash bid $4.86 · 97% priced against a 95% pace

Ladder covers 86% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.32	+$0.27	15% 2,004 bu	Filled	Oct 25, 2026 today Window Feb-May	Hit
2	$5.56	+$0.51	23% 3,073 bu	Filled	Dec 25, 2026 in 61 days Window Feb-May	Hit
3	$5.85	+$0.80	25% 3,340 bu	Filled	Feb 25, 2027 in 4 months Window Feb-May	Hit
4	$6.13	+$1.08	23% 3,073 bu	Filled	Apr 25, 2027 in 6 months Window Feb-May	Hit

Corn new crop · Dec 2026

Break-even $4.44 · cash bid $3.84 · 73% priced against a 80% pace

Ladder covers 78% of the cropGuarantee 29k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.66	+$0.22	15% 5,744 bu	Filled	Jul 25, 2026 3 months ago Window Feb-May	Hit
2	$4.87	+$0.43	17% 6,510 bu	Filled	Sep 25, 2026 30 days ago Window Feb-May	Hit
3	$5.17	+$0.73	21% 8,042 bu	Filled	Nov 25, 2026 in 31 days Window Feb-May	Hit
4	$5.37	+$0.93	25% 9,574 bu	$1.53	Jan 25, 2027 in 3 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 $5.12 to count as clearing cost.