In re  Farmland Pipe Line, Inc.		Case No. 02-50565
	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF FEBRUARY, 2004
	REVENUE
	Gross Income		$                    -
	Less Cost of Goods Sold		$        (29,142.74)
	Materials	$                   -
	Direct Labor	$                   -
	Overhead	$       (29,142.74)
	Gross Profit		$        29,142.74
	OPERATING EXPENSES
	Owner/Officer-Draws/Salaries	$                   -
	Other Employee Salaries	$                   -
	Advertising and Marketing	$                   -
	Insurance	$                   -
	Payroll Taxes	$                   -
	Lease and Rent	$                   -
	Telephone and Utlities	$                   -
	Attorney and other Professional Fees	$                   -
	UST Quarterly Fees	$                   -
	Other Expenses-includes income tax expense and other income	$        11,657.10
	Total Operating Expenses		$        11,657.10
	Net Income (Loss)		$        17,485.64
	CURRENT ASSETS
	Accounts Receivable at end of month		$        29,143.61
	Increase (Decrease) in AR for month		$        22,829.39
	Inventory at end of month		$                   -
	Increase (Decrease) in Inventory for month		$                   -
	Cash at end of the month		$                   -
	Increase (Decrease) in Cash for month		$                   -
	LIABILITIES
	Increase (Decrease) in pre-petition debt		$       (38,750.00)
	Increase (Decrease) in post-petition debt		$        11,657.10
	Taxes Payable:
	Federal Payroll Taxes	$                   -
	State Payroll Taxes	$                   -
	Local Payroll Taxes	$                   -
	State Sales Taxes	$                   -
	Real Estate and Personal	$                   -
	Property Taxes	$                   -
	Other (footnote)	$                   -
	Total Taxes Payable		$                   -
	Footnote:
	Fed Income Tax (Pre)	$                   -
	Fed Income Tax (Post)	$                   -