Farmland Industries 8-K Monthly Operating Report Summary

In re  Farmland Industries, Inc		Case No. 02-50557
A Missouri Corporation
MONTHLY OPERATING REPORT SUMMARY
FOR THE MONTH OF OCTOBER, 2003
REVENUE
Gross Income		$      119,027,203.47
Less Cost of Goods Sold		$        96,825,872.37
Materials	$     96,814,078.23
Direct Labor
Overhead  (Freight and Other)	$           11,794.14
Gross Profit		$        22,201,331.10
OPERATING EXPENSES
Owner/Officer-Draws/Salaries	$                       -
Other Employee Salaries	$       3,420,724.94
Advertising and Marketing	$             4,734.72
Insurance	$          287,625.94
Payroll Taxes	$          221,069.47
Lease and Rent	$       1,008,237.51
Telephone and Utlities	$       3,741,456.77
Attorney and other Professional Fees	$       2,833,094.10
UST Quarterly Fees	$           10,000.00
Other Expenses (includes other income)	$     69,031,190.41
Total Operating Expenses		$        80,558,133.86
Net Income (Loss)		$       (58,356,802.76)
CURRENT ASSETS
Accounts Receivable at end of month  (Does not include Intercompany)		$        29,338,610.14
Increase (Decrease) in AR for month		$       (16,797,049.76)
Inventory at end of month		$        85,617,882.04
Increase (Decrease) in Inventory for month		$       (41,091,659.94)
Cash at end of the month		$      286,355,213.50
Increase (Decrease) in Cash for month		$        11,863,772.13
LIABILITIES
Increase (Decrease) in pre-petition debt		$            322,699.56
Increase (Decrease) in post-petition debt		$           (602,554.82)
Taxes Payable:
Federal Payroll Taxes	$           30,000.00
State Payroll Taxes	$                       -
Local Payroll Taxes	$                       -
State Sales Taxes	$         (283,659.26)
Real Estate and Personal	$         (696,155.37)
Property Taxes  (Real Property)	$      (1,553,536.95)
Other (see footnote 1)	$      (1,983,874.75)
Total Taxes Payable		$         (4,487,226.33)
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	$            (1,633.98)
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK	$               (115.18)
USE TAX PAYABLE-MANUAL ENTRIES	$         (135,413.29)
FED HWY USE TAX PAY	$                       -
FED MTR FUEL TAX-EST LIAB	$      (1,841,048.53)
ST MTR FUEL TAX PAY	$                       -
PRE-USE TAX PAY-MANUAL (245002&12)	$                       -
	$      (1,983,874.75)