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Inventories

12 Months Ended

Dec. 31, 2011

Inventories consist of the following:



	December 31,
(In thousands)	2011		2010¹
Finished goods	$	91,595	$	64,243
Growing crops	72,382		74,392
Raw materials, supplies and other	74,302		73,614
	$	238,279	$	212,249

¹ Prior period figures include reclassifications for comparative purposes.

The carrying value of inventories valued by the LIFO method was approximately $99 million and $85 million at December 31, 2011 and 2010, respectively. At current costs, these inventories would have been approximately $45 million and $55 million higher than the LIFO values at December 31, 2011 and 2010, respectively. There were no LIFO liquidations in 2011. The company had $9 million of LIFO liquidations in 2010.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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