In re  Farmland Industries, Inc		Case No. 02-50557
A Missouri Corporation
MONTHLY OPERATING REPORT SUMMARY
FOR THE MONTH OF SEPTEMBER, 2003
REVENUE
Gross Income		$      110,284,319.92
Less Cost of Goods Sold		$        90,711,460.57
Materials	$    90,698,589.35
Direct Labor
Overhead  (Freight and Other)	$           12,871.22
Gross Profit		$    19,572,859.35
OPERATING EXPENSES
Owner/Officer-Draws/Salaries	$                        -
Other Employee Salaries	$      3,273,449.16
Advertising and Marketing	$                        -
Insurance	$         143,521.45
Payroll Taxes	$         230,247.77
Lease and Rent	$      1,318,619.22
Telephone and Utlities	$      3,443,381.50
Attorney and other Professional Fees	$      2,995,298.42
UST Quarterly Fees	$                        -
Other Expenses (includes other income)	$      1,962,043.31
Total Operating Expenses		$      13,366,560.83
Net Income (Loss)		$        6,206,298.52
CURRENT ASSETS
Accounts Receivable at end of month  (Does not include Intercompany)		$        46,135,659.90
Increase (Decrease) in AR for month		$         (8,598,864.16)
Inventory at end of month		$      126,709,541.98
Increase (Decrease) in Inventory for month		$          6,678,918.15
Cash at end of the month		$      274,491,441.37
Increase (Decrease) in Cash for month		$        33,104,157.07
LIABILITIES
Increase (Decrease) in pre-petition debt		$           (299,293.27)
Increase (Decrease) in post-petition debt		$         7,755,410.42
Taxes Payable:
Federal Payroll Taxes	$          (169,295.32)
State Payroll Taxes	$            (28,587.88)
Local Payroll Taxes	$                 (413.64)
State Sales Taxes	$          (265,243.47)
Real Estate and Personal	$          (693,887.07)
Property Taxes  (Real Property)	$       (1,414,393.45)
Other (see footnote 1)	$          (486,131.04)
Total Taxes Payable		$        (3,057,951.87)
Footnote 1
PRE-Fed MTR FUEL TAX-IC & SUBS (248001)	$             (5,663.77)
PRE-ST MTR FUEL TAX PAY (248101)	$                          -
PRE-FED ENVIRON TAX PAY (249001)	$                          -
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK	$             (2,089.81)
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK	$                  (95.55)
USE TAX PAYABLE-MANUAL ENTRIES	$         (135,505.57)
FED HWY USE TAX PAY	$                          -
FED MTR FUEL TAX-EST LIAB	$         (342,776.34)
ST MTR FUEL TAX PAY	$                          -
PRE-USE TAX PAY-MANUAL (245002&12)	$                          -
	$         (486,131.04)