Wheatland Ag

Alma Janzen · Clay County, KS · Wes Tolliver · client since 2015

190k bu at 82% priced

$812.2K under management

Price to the planCosts from their booksLast spoke in 4 months3 other findings(785) 555-9614

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 $3.84 · cash bid $3.86 · 68% priced against a 72% pace

Ladder covers 54% of the cropGuarantee 49k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.06	+$0.22	15% 11k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.27	+$0.43	15% 11k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$4.47	+$0.63	24% 17k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Milo old crop · Sep 2026

Break-even $3.63 · cash bid $3.72 · 97% priced against a 95% pace

Ladder covers 69% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$3.79	+$0.16	15% 11k bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$3.99	+$0.36	21% 15k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$4.20	+$0.57	17% 12k bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$4.42	+$0.79	16% 11k bu	Filled	Feb 9, 2027 in 6 months Window Feb-May	Hit

Wheat new crop · Jul 2027

Break-even $5.64 · cash bid $5.75 · 71% priced against a 72% pace

Ladder covers 80% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.90	+$0.26	15% 4,056 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$6.28	+$0.64	21% 5,678 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$6.49	+$0.85	19% 5,138 bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit
4	$6.84	+$1.20	25% 6,760 bu	$1.09	Nov 9, 2026 in 3 months Window Feb-May	Working

Wheat old crop · Sep 2026

Break-even $4.87 · cash bid $5.20 · 93% priced against a 95% pace

Ladder covers 57% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.09	+$0.22	15% 3,383 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$5.35	+$0.48	25% 5,638 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$5.69	+$0.82	17% 3,834 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit

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 $3.94 to count as clearing cost.