In re  Farmland Industries, Inc		Case No. 02-50557
MONTHLY OPERATING REPORT SUMMARY
FOR THE MONTH OF NOVEMBER, 2003
REVENUE
Gross Income		$        92,900,338.28
Less Cost of Goods Sold		$        78,001,453.85
Materials	$       77,985,360.98
Direct Labor
Overhead  (Freight and Other)	$              16,092.87
Gross Profit		$     14,898,884.43
OPERATING EXPENSES
Owner/Officer-Draws/Salaries	$                           -
Other Employee Salaries	$         2,953,728.49
Advertising and Marketing	$                   892.32
Insurance	$         3,584,435.85
Payroll Taxes	$            178,176.44
Lease and Rent	$            983,390.47
Telephone and Utlities	$         3,880,890.57
Attorney and other Professional Fees	$         2,938,285.67
UST Quarterly Fees	$                           -
Other Expenses (includes other income)	$      (16,592,970.24)
Total Operating Expenses		$      (2,073,170.43)
Net Income (Loss)		$     16,972,054.86
CURRENT ASSETS
Accounts Receivable at end of month  (Does not include Intercompany)		$        33,114,684.94
Increase (Decrease) in AR for month		$          3,776,074.80
Inventory at end of month		$        94,264,416.13
Increase (Decrease) in Inventory for month		$          8,646,534.09
Cash at end of the month		$      365,101,163.89
Increase (Decrease) in Cash for month		$        78,745,950.39
LIABILITIES
Increase (Decrease) in pre-petition debt		$           (316,262.17)
Increase (Decrease) in post-petition debt		$        (4,804,324.60)
Taxes Payable:
Federal Payroll Taxes	$              30,000.00
State Payroll Taxes	$                           -
Local Payroll Taxes	$                           -
State Sales Taxes	$           (264,502.72)
Real Estate and Personal	$           (722,895.37)
Property Taxes  (Real Property)	$        (1,696,196.86)
Other (see footnote 1)	$        (1,712,132.73)
Total Taxes Payable		$         (4,365,727.68)
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	$                          -
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK	$                          -
USE TAX PAYABLE-MANUAL ENTRIES	$          (136,142.00)
FED HWY USE TAX PAY	$                          -
FED MTR FUEL TAX-EST LIAB	$       (1,570,326.96)
ST MTR FUEL TAX PAY	$                          -
PRE-USE TAX PAY-MANUAL (245002&12)	$                          -
	$       (1,712,132.73)