Exhibit 23.B


                            CONSENT OF LEGAL COUNSEL






Farmland Industries, Inc.:


     The undersigned consents to the use herein of his opinion, dated December
12, 1994, relating to the legality of Subordinated Capital Investment
Certificates, Subordinated Monthly Income Capital Investment Certificates, and
Demand Loan Certificates being registered, and of all other statements and
opinions attributed to him appearing in this Registration Statement No. 033-
56821.


                                                Robert B. Terry
                                                Vice President,
                                                and General Counsel

Kansas City, Missouri
January 20, 1995