In re  Farmland Industries, Inc		Case No. 02-50557
MONTHLY OPERATING REPORT SUMMARY
FOR THE MONTH OF JULY, 2003
REVENUE
Gross Income		$      123,578,802.04
Less Cost of Goods Sold		$      110,415,671.75
Materials	$     110,399,163.66
Direct Labor	-
Overhead  (Freight and Other)	$             16,508.09
Gross Profit		$        13,163,130.29
OPERATING EXPENSES
Owner/Officer-Draws/Salaries	$                        -
Other Employee Salaries	$         4,051,795.99
Advertising and Marketing	$                   10.86
Insurance	$           923,194.24
Payroll Taxes	$           286,558.12
Lease and Rent	$             15,099.76
Telephone and Utlities	$         3,270,370.15
Attorney and other Professional Fees	$         3,478,467.71
UST Quarterly Fees	$             10,000.00
Other Expenses (includes other income)	$        (1,975,255.42)
Total Operating Expenses		$        10,060,241.41
Net Income (Loss)		$          3,102,888.88
CURRENT ASSETS
Accounts Receivable at end of month  (Does not include Intercompany)		$        42,231,376.21
Increase (Decrease) in AR for month		$         (2,673,190.23)
Inventory at end of month		$      122,553,675.80
Increase (Decrease) in Inventory for month		$          4,188,245.42
Cash at end of the month		$         (2,743,652.80)
Increase (Decrease) in Cash for month		$       (11,423,212.61)
LIABILITIES
Increase (Decrease) in pre-petition debt		$          2,109,451.93
Increase (Decrease) in post-petition debt		$           2,108,187.34
Taxes Payable:
Federal Payroll Taxes	$             69,461.52
State Payroll Taxes	$                  579.78
Local Payroll Taxes	$                        -
State Sales Taxes	$               4,312.27
Real Estate and Personal	$          (731,859.66)
Property Taxes  (Real Property)	$        (1,092,469.79)
Other (see footnote 1)	$        (1,693,485.08)
Total Taxes Payable		$         (3,443,460.96)
Footnote 1
PRE-Fed MTR FUEL TAX-IC & SUBS (248001)	$              (5,663.77)
PRE-ST MTR FUEL TAX PAY (248101)	$          (176,405.24)
PRE-FED ENVIRON TAX PAY (249001)	$                        -
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK	$              (1,113.60)
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK	$                  (37.56)
USE TAX PAYABLE-MANUAL ENTRIES	$                 (859.56)
FED HWY USE TAX PAY	$                        -
FED MTR FUEL TAX-EST LIAB	$        (1,515,325.36)
ST MTR FUEL TAX PAY	$               3,570.28
PRE-USE TAX PAY-MANUAL (245002&12)	$               2,349.73
	$        (1,693,485.08)