Limestone Farms
Kirby Boone · Webster County, NE · Katie Rennick · client since 2021
97k bu at 73% priced · 192 head at 97% sold
$583.3K under management
Call before pricingCosts are stated, not from their booksLast spoke in 15 days10 other findings(785) 555-7209
10k 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 Kirby Boone plainly that this part of the position is not fully priced yet.
Contracts
11
71k bu priced, 73% of expected production.
Revenue locked
$478,092
$33,658 of it over break-even.
Basis left open
10k bu
Board locked, cash price not yet settled.
Sold, not hauled
51k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 3, 2026 | Corn new crop | Cash | 6,400 bu | $4.36 | -$0.43 | $3.93 | -$0.60 -$3,840 | Dec 2026 Hebron Farmers Co-op Not hauled |
| Jul 2, 2026 | Milo new crop | Forward/HTA | 10k bu | $4.06 | -$0.48 Open | $3.58 estimate | -$0.45 -$4,500 | Dec 2026 Hebron Farmers Co-op Not hauled |
| Jun 24, 2026 | Corn old crop | Forward/HTA | 4,500 bu | $4.25 | -$0.48 | $3.77 | -$0.57 -$2,565 | Oct 2026 Hebron Farmers Co-op Hauled |
| Jun 3, 2026 | Corn new crop | Cash | 2,100 bu | $4.34 | -$0.48 | $3.86 | -$0.67 -$1,407 | Dec 2026 Hebron Farmers Co-op Not hauled |
| Jun 1, 2026 | Milo new crop | Forward/HTA | 8,600 bu | $3.86 | -$0.51 | $3.35 | -$0.68 -$5,848 | Dec 2026 Hebron Farmers Co-op Not hauled |
| May 10, 2026 | Corn old crop | Forward/HTA | 2,700 bu | $4.41 | -$0.49 | $3.92 | -$0.42 -$1,134 | Oct 2026 Hebron Farmers Co-op Hauled |
| Apr 11, 2026 | Milo new crop | Cash | 9,200 bu | $3.81 | -$0.52 | $3.29 | -$0.74 -$6,808 | Dec 2026 Hebron Farmers Co-op Not hauled |
| Mar 28, 2026 | Corn old crop | Forward/HTA | 2,400 bu | $4.43 | -$0.43 | $4.00 | -$0.34 -$816 | Oct 2026 Hebron Farmers Co-op Hauled |
| Mar 12, 2026 | Corn new crop | Forward/HTA | 5,000 bu | $4.35 | -$0.45 | $3.90 | -$0.63 -$3,150 | Dec 2026 Hebron Farmers Co-op Not hauled |
| Feb 8, 2026 | Corn old crop | Cash | 9,500 bu | $4.35 | -$0.47 | $3.88 | -$0.46 -$4,370 | Oct 2026 Hebron Farmers Co-op Hauled |
| Jan 26, 2026 | Corn new crop | Cash | 10k bu | $4.23 | -$0.45 | $3.78 | -$0.75 -$7,575 | Dec 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 |
|---|---|---|---|
| Oct 13, 2026 | Milo | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Jul 29, 2026 | Corn | Check in | Walked through the position and the ladder |
| Jun 22, 2026 | Milo | No answer | Left a message about an expiring order |
| Jun 16, 2026 | Corn | Priced | Booked a forward contract inside the insurance guarantee |
| May 11, 2026 | Corn | Declined | Recommended moving old crop, client is holding for a rally |
| Apr 19, 2026 | Corn | Priced | Priced the next tranche at the elevator, board plus basis |
| Mar 27, 2026 | Corn | Check in | Updated break-evens from their books |
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.