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
5,000 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 Peg Hemmelgarn plainly that this part of the position is not fully priced yet.
Contracts
9
52k bu priced, 78% of expected production.
Revenue locked
$639,132
$125,553 of it over break-even.
Basis left open
5,000 bu
Board locked, cash price not yet settled.
Sold, not hauled
45k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 15, 2026 | Wheat new crop | Basis | 3,700 bu | $6.04 | -$0.63 | $5.41 | +$0.39 $1,443 | Jul 2027 Hebron Farmers Co-op Not hauled |
| Jul 12, 2026 | Wheat old crop | Forward/HTA | 5,000 bu | $5.32 | -$0.66 Open | $4.66 estimate | -$0.39 -$1,950 | Oct 2026 Hebron Farmers Co-op Hauled |
| Jul 11, 2026 | Corn new crop | Forward/HTA | 21k bu | $4.38 | -$0.46 | $3.92 | -$0.52 -$10,764 | Dec 2026 Hebron Farmers Co-op Not hauled |
| May 30, 2026 | Corn new crop | Basis | 7,300 bu | $4.21 | -$0.43 | $3.78 | -$0.66 -$4,818 | Dec 2026 Hebron Farmers Co-op Not hauled |
| May 15, 2026 | Wheat old crop | Basis | 1,900 bu | $5.65 | -$0.71 | $4.94 | -$0.11 -$209 | Oct 2026 Hebron Farmers Co-op Hauled |
| May 2, 2026 | Wheat new crop | Cash | 1,700 bu | $5.91 | -$0.67 | $5.24 | +$0.22 $374 | Jul 2027 Hebron Farmers Co-op Not hauled |
| Apr 3, 2026 | Wheat old crop | Forward/HTA | 2,100 bu | $5.47 | -$0.63 | $4.84 | -$0.21 -$441 | Oct 2026 Hebron Farmers Co-op Not hauled |
| Mar 23, 2026 | Wheat new crop | Cash | 5,500 bu | $5.99 | -$0.61 | $5.38 | +$0.36 $1,980 | Jul 2027 Hebron Farmers Co-op Not hauled |
| Jan 8, 2026 | Wheat old crop | Forward/HTA | 3,900 bu | $5.43 | -$0.64 | $4.79 | -$0.26 -$1,014 | Oct 2026 Hebron Farmers Co-op 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 |
|---|---|---|---|
| Aug 29, 2026 | Wheat | Declined | Recommended fixing basis, client wants to see spring |
| Aug 16, 2026 | Wheat | Priced | Priced the next tranche at the elevator, board plus basis |
| Jun 9, 2026 | Corn | Check in | Updated break-evens from their books |
| May 30, 2026 | Wheat | Agreed, not yet executed | Agreed to place a resting order at the next target |
| Apr 26, 2026 | Wheat | Priced | Fixed the basis on an open HTA |
| Mar 25, 2026 | Corn | Check in | Updated break-evens from their books |
| Jan 1, 2026 | Corn | Check in | Walked through the position and the ladder |
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.