Landlord Shares - 2026 Wheat

1. Ownership Map — 2026 Wheat Fields

All 2026 wheat fields with elevator activity or insurance eligibility. Fields marked 100% M77 AG have no external landlord and no bushel movement is required.

Field	Landlord	Share	Status	Delivered Bu	Landlord Bu Share
13	Larry & Adele McConnell	35%	Harvested	535.38	187.38
23-W	Kyle & Brandi McConnell	35%	Not harvested	0	Indemnity share TBD
30.W	Lynn Peterson	35%	Harvested	1,451.04	507.86
32-N	Lynn Peterson	35%	Not harvested	0	Indemnity share TBD
41	Dorothy McConnell	35%	Harvested	360.23	126.08
54	M77 AG	100%	Harvested	1,061.44	0 (M77 keeps)
55	M77 AG	100%	Harvested	824.19	0 (M77 keeps)
60	Adele McConnell	35%	Harvested	1,089.55	381.34
61-S	Adele McConnell	35%	Not harvested	0	Indemnity share TBD
Total delivered / landlord-share bushels to move				5,321.83	1,202.66

2. Bushels To Move — Elevator Transfer Instructions

Every transfer is at CHS Southern Plains — Haxtun. Nothing to move at Paoli. Read the block below to the scale office; it names each transfer in the order you should walk them.

CHS Southern Plains — Haxtun · 4 Transfers

TRANSFER 1  —  187.38 bu HRW wheat

  FROM: M77 AG LLC  (acct 950891)

  TO:   Larry & Adele McConnell

  Source: Ticket X045543 · 07/12/26 · Field 13

TRANSFER 2  —  126.08 bu HRW wheat

  FROM: M77 AG LLC  (acct 950891)

  TO:   Dorothy McConnell

  Source: Ticket X045452 · 07/07/26 · Field 41

TRANSFER 3  —  381.34 bu HRW wheat

  FROM: M77 AG LLC  (acct 950891)

  TO:   Adele McConnell

  Source: Ticket X045539 · 07/12/26 · Field 60

TRANSFER 4  —  507.86 bu HRW wheat

  FROM: Kyle D McConnell personal  (acct 391145)

  TO:   Lynn Peterson

  Source: Tickets X045560 + X045565 · 07/13/26 · Field 30.W

TOTAL TRANSFERRED  —  1,202.66 bu HRW wheat

Paoli (NC 26): no transfers — Field 55 loads (824.19 bu total) stay 100% internal to M77 AG.

Math Check — Every Number, Every Step

This is real money, so every calculation is shown. Verify each line against the elevator ticket copy.

FIELD 13 — Larry & Adele McConnell (35%)

  Delivered:      535.38 bu  (Ticket X045543 → M77 AG LLC)

  Landlord %:     × 0.35

  Landlord share: 187.383 → 187.38 bu

  M77 AG keeps:   535.38 − 187.38 = 348.00 bu (65%)

FIELD 41 — Dorothy McConnell (35%)

  Delivered:      360.23 bu  (Ticket X045452 → M77 AG LLC)

  Landlord %:     × 0.35

  Landlord share: 126.0805 → 126.08 bu

  M77 AG keeps:   360.23 − 126.08 = 234.15 bu (65%)

FIELD 60 — Adele McConnell (35%)

  Delivered:     1,089.55 bu  (Ticket X045539 → M77 AG LLC)

  Landlord %:     × 0.35

  Landlord share: 381.3425 → 381.34 bu

  M77 AG keeps:   1,089.55 − 381.34 = 708.21 bu (65%)

FIELD 30.W — Lynn Peterson (35%)

  Ticket X045560:   1,189.73 bu

  Ticket X045565:     + 261.31 bu

  Delivered total: 1,451.04 bu (both → Kyle D McConnell personal)

  Landlord %:     × 0.35

  Landlord share: 507.864 → 507.86 bu

  Kyle keeps:     1,451.04 − 507.86 = 943.18 bu (65%)
TOTAL BUSHELS TO MOVE

  187.38 + 126.08 + 381.34 + 507.86
= 1,202.66 buacross 4 transfers at Haxtun
Cross-check — landlord % of pooled delivery:

  Sum of landlord-field deliveries: 

  535.38 + 360.23 + 1,089.55 + 1,451.04 = 3,436.20 bu

  1,202.66 ÷ 3,436.20 = 0.35000… = 35.00% ✓

100% M77 AG FIELDS (no landlord movement)

  Field 54 ME PAULS:    1,061.44 bu  (X045500 → McConnell Ent LLC)

  Field 55 Kirby House:  1,386.45 bu  (X045342 + Paoli 80000577 split)

  Internal-only total:  2,447.89 bu

  Both entities (M77 AG LLC and McConnell Ent LLC) are Kyle-controlled —

  so these deliveries stay internal; nothing to move for landlords.

GRAND TOTAL RECONCILIATION vs Elevator Report

  Landlord-field deliveries:    3,436.20 bu

  100% M77 AG field deliveries:  + 2,447.89 bu

  Total delivered: 5,884.09 bu ✓

  Matches Section 01 of the wheat harvest report exactly.

Reference table (same numbers, tabular view):

Landlord	Field	Ticket(s)	Delivered	35%	Move From
Larry & Adele McConnell	13	X045543 (07/12)	535.38	187.38	M77 AG LLC
Dorothy McConnell	41	X045452 (07/07)	360.23	126.08	M77 AG LLC
Adele McConnell	60	X045539 (07/12)	1,089.55	381.34	M77 AG LLC
Lynn Peterson	30.W	X045560 + X045565 (07/13)	1,451.04	507.86	Kyle D McConnell
Total bushels to move at CHS Haxtun			3,436.20	1,202.66	4 transfers

Action. Request four transfers of Hard Red Winter Wheat at CHS Southern Plains Haxtun: 187.38 bu to Larry & Adele McConnell, 126.08 bu to Dorothy McConnell, 381.34 bu to Adele McConnell, 507.86 bu to Lynn Peterson. Each landlord then prices and settles independently.

3. Crop Insurance Indemnity — Projected Landlord Shares

Three landlord-owned fields went unharvested in 2026 (23-W, 32-N, 61-S). The landlord's 35% share of any indemnity is projected below. Fill in APH, coverage %, price election, and premium after the agent confirms.

Field	Landlord	Acres	APH bu/ac	Coverage	Price / bu	Est. Indemnity	35% Landlord
23-W	Kyle & Brandi McConnell	77.20	TBD	TBD	TBD	TBD	TBD
32-N	Lynn Peterson	79.20	TBD	TBD	TBD	TBD	TBD
61-S	Adele McConnell	78.94	TBD	TBD	TBD	TBD	TBD
Insurance-eligible landlord acres		235.34	—			TBD	TBD

Premium expense split. On a 35% crop-share, the landlord typically pays 35% of the crop insurance premium. Confirm the split in each lease and record on the field's ledger. M77 AG covers the remaining 65% of premium.

4. Landlord Summary Cards

Larry & Adele McConnell

Field 13 LA BAM E/4 (35% crop-share)

Bu owed at elevator

187.38

from Field 13

Insurance indemnity share

$0

no unharvested field

Combined 2026 position

187.38 bu

CHS Haxtun account

Dorothy McConnell

Field 41 HD E/4 (35% crop-share)

Bu owed at elevator

126.08

from Field 41

Insurance indemnity share

$0

no unharvested field

Combined 2026 position

126.08 bu

CHS Haxtun account

Adele McConnell

Field 60 A1DAILEY RD (harvested) · Field 61-S HIGHLAND E (unharvested, insurance) · 35%

Bu owed at elevator

381.34

from Field 60

Insurance indemnity share

TBD

35% of Field 61-S indemnity

Combined 2026 position

381.34 bu + TBD

Haxtun account + cash

Lynn Peterson

Field 30.W Pole Rd (harvested) · Field 32-N (unharvested, insurance) · 35%

Bu owed at elevator

507.86

from Field 30.W

Insurance indemnity share

TBD

35% of Field 32-N indemnity

Combined 2026 position

507.86 bu + TBD

Haxtun account + cash

Kyle & Brandi McConnell

Field 23-W KB SOUTHWEST (unharvested, insurance) · 35%

Bu owed at elevator

0

field not harvested

Insurance indemnity share

TBD

35% of Field 23-W indemnity

Combined 2026 position

TBD (cash only)

indemnity settlement