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Derivatives (Tables)

6 Months Ended

Jan. 31, 2012

Fair Value Of The Financial Derivative Instruments


	January 31, 2012		July 31, 2011
	January 31, 2012		July 31, 2011
Derivatives – Price risk management assets	$	1,077	$	7,637
Derivatives – Price risk management liabilities	$	2,504	$	2,476

Cash Flow Hedge Activity Included In OCI


	For the six months ended January 31,
	For the six months ended January 31,
	2012			2011
Fair value gain (loss) adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$	(3,875	)	$	11,780

Reclassification of net gains originally recorded within OCI to Cost of product sold – propane and other gas liquids	$	2,713		$	3,240

Assets And Liabilities Measured At Fair Value


	As of January 31, 2012
Fair value of derivatives	Level 1	Level 2		Level 3	Total
Price risk management assets	-	$	1,077	-	$	1,077

Price risk management liabilities	-	$	2,504	-	$	2,504


	As of July 31, 2011
Fair value of derivatives	Level 1	Level 2		Level 3	Total
Price risk management assets	-	$	7,637	-	$	7,637

Price risk management liabilities	-	$	2,476	-	$	2,476

Ferrellgas, L.P. [Member]

Fair Value Of The Financial Derivative Instruments


	January 31, 2012		July 31, 2011
	January 31, 2012		July 31, 2011
Derivatives – Price risk management assets	$	1,077	$	7,637
Derivatives – Price risk management liabilities	$	2,504	$	2,476

Cash Flow Hedge Activity Included In OCI


Fair value loss adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$	(3,875	)

Reclassification of net gains originally recorded within OCI to Cost of product sold – propane and other gas liquids	$	2,713

Assets And Liabilities Measured At Fair Value


	As of January 31, 2012
Fair value of derivatives	Level 1	Level 2		Level 3	Total
Price risk management assets	-	$	1,077	-	$	1,077

Price risk management liabilities	-	$	2,504	-	$	2,504


	As of July 31, 2011
Fair value of derivatives	Level 1	Level 2		Level 3	Total
Price risk management assets	-	$	7,637	-	$	7,637

Price risk management liabilities	-	$	2,476	-	$	2,476

- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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