In re Farmland Transportation                                                                                                                   Case No. 02-50564
MONTHLY OPERATING REPORT SUMMARY
FOR THE MONTH OF JUNE, 2003
REVENUE
Gross Income		$               1,735.91
Less Cost of Goods Sold		$                (363.05)
Materials	$                           -
Direct Labor	$                           -
Overhead	$                 (363.05)
Gross Profit		$             2,098.96
OPERATING EXPENSES
Owner/Officer-Draws/Salaries	$                           -
Other Employee Salaries	$             10,114.57
Advertising and Marketing	$                           -
Insurance	$                           -
Payroll Taxes	$               1,964.33
Lease and Rent	$                    37.44
Telephone and Utlities	$                  912.12
Attorney and other Professional Fees	$                           -
UST Quarterly Fees	$                           -
Other Expenses	$          (150,001.84)
Total Operating Expenses		$      (136,973.38)
Net Income (Loss)		$139,072.34
CURRENT ASSETS
Accounts Receivable at end of month		$       1,048,546.14
Increase (Decrease) in AR for month		$          (52,541.21)
Inventory at end of month		$                         -
Increase (Decrease) in Inventory for month		$                         -
Cash at end of the month		$          (24,420.32)
Increase (Decrease) in Cash for month		$          (14,232.55)
LIABILITIES
Increase (Decrease) in post-petition debt		$          (80,194.99)
Increase (Decrease) in pre-petition debt		$                926.20
Taxes Payable:
Federal Payroll Taxes	$                           -
State Payroll Taxes	$                           -
Local Payroll Taxes	$                           -
State Sales Taxes	$                           -
Real Estate and Personal	$                           -
Property Taxes	$                           -
Other (footnote)	$          (185,874.00)
Total Taxes Payable		$        (185,874.00)
Footnote:
PRE Fed Income Tax	(185,874.00)