Buffalo Gap Farms

Beth Jansen · Jewell County, KS · Katie Rennick · client since 2021

629k bu at 63% priced · 3,739 head at 0% sold

$12M under management

Price to the planCosts are estimatesLast spoke in 37 days1 critical7 other findings(785) 555-3080

Position Plan Working Orders Sales Break-evens Livestock 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.

Milo new crop · Dec 2026

Break-even $3.98 · cash bid $3.86 · 45% priced against a 72% pace

Ladder covers 48% of the cropGuarantee 88k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.21	+$0.23	15% 18k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.42	+$0.44	17% 20k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$4.65	+$0.67	16% 19k bu	$0.79	Sep 9, 2026 in 16 days Window Feb-May	Due soon

Milo old crop · Sep 2026

Break-even $3.48 · cash bid $3.72 · 93% priced against a 95% pace

Ladder covers 66% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$3.68	+$0.20	15% 16k bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$3.86	+$0.38	19% 20k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$4.04	+$0.56	16% 17k bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$4.25	+$0.77	16% 17k bu	Filled	Feb 9, 2027 in 6 months Window Feb-May	Hit

Corn new crop · Dec 2026

Break-even $3.79 · cash bid $4.21 · 58% priced against a 72% pace

Ladder covers 56% of the cropGuarantee 141k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$3.97	+$0.18	15% 30k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.22	+$0.43	20% 40k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$4.40	+$0.61	21% 42k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Corn old crop · Sep 2026

Break-even $4.48 · cash bid $4.04 · 64% priced against a 95% pace

Ladder covers 69% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.72	+$0.24	15% 31k bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$4.97	+$0.49	23% 47k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$5.22	+$0.74	15% 31k bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$5.40	+$0.92	16% 33k bu	$1.36	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 $4.08 to count as clearing cost.