North Fork Ag

Dana Rasmussen · Jewell County, KS · Katie Rennick · client since 2021

174k bu at 78% priced · 2,282 head at 6% sold

$1.6M under management

Call before pricingCosts are estimatesLast spoke in 20 days1 critical7 other findings(785) 555-8300

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.

Soybeans new crop · Nov 2026

Break-even $10.29 · cash bid $10.56 · 58% priced against a 72% pace

Ladder covers 80% of the cropGuarantee 20k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$10.77	+$0.48	15% 3,799 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$11.44	+$1.15	23% 5,825 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$12.00	+$1.71	23% 5,825 bu	$1.44	Sep 9, 2026 in 16 days Window Feb-May	Due soon
4	$12.48	+$2.19	19% 4,812 bu	$1.92	Nov 9, 2026 in 3 months Window Feb-May	Working

Soybeans old crop · Aug 2026

Break-even $9.36 · cash bid $10.52 · 95% priced against a 95% pace

Ladder covers 67% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$9.92	+$0.56	15% 3,057 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$10.43	+$1.07	15% 3,057 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$10.92	+$1.56	15% 3,057 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$11.33	+$1.97	22% 4,483 bu	Filled	Feb 9, 2027 in 6 months Window Feb-May	Hit

Corn new crop · Dec 2026

Break-even $3.85 · cash bid $4.30 · 68% priced against a 72% pace

Ladder covers 53% of the cropGuarantee 60k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.03	+$0.18	15% 11k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.27	+$0.42	20% 15k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$4.50	+$0.65	18% 14k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Corn old crop · Sep 2026

Break-even $3.93 · cash bid $4.13 · 93% priced against a 95% pace

Ladder covers 67% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.14	+$0.21	15% 7,989 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$4.36	+$0.43	15% 7,989 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$4.59	+$0.66	15% 7,989 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$4.81	+$0.88	22% 12k bu	Filled	Feb 9, 2027 in 6 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 $10.39 to count as clearing cost.