Exhibit 24 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS that each person whose signature appears below constitutes and appoints Robert B. Terry and Terry M. Campbell, and each of them, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him in his name, place and stead, in any and all capacities, to sign any and all Farmland Industries, Inc.'s 1996 annual report prepared, pursuant to Sections 13 or 15d of the Securities Act of 1934, (including any amendments thereto), and file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as they might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof. Signature Title Date ALBERT J. SHIVLEY Chairman of Board October 23, 1996 Albert J. Shivley and Director H. D. CLEBERG President, October 23, 1996 H. D. Cleberg Chief Executive Officer and Director (Principal Executive Officer) OTIS H. MOLZ Vice Chairman of Board October 23, 1996 Otis H. Molz and Director LYMAN ADAMS, JR. Director October 23, 1996 Lyman Adams, Jr. RONALD J. AMUNDSON Director October 23, 1996 Ronald J. Amundson BAXTER ANKERSTJERNE Director October 23, 1996 Baxter Ankerstjerne JODY BEZNER Director October 23, 1996 Jody Bezner RICHARD L. DETTEN Director October 23, 1996 Richard L. Detten STEVEN ERDMAN Director October 23, 1996 Steven Erdman WARREN GERDES Director October 23, 1996 Warren Gerdes BEN GRIFFITH Director October 23, 1996 Ben Griffith GAIL D. HALL Director October 23, 1996 Gail D. Hall JEROME HEUERTZ Director October 23, 1996 Jerome Heuertz BARRY JENSEN Director October 23, 1996 Barry Jensen RON JURGENS Director October 23, 1996 Ron Jurgens GREG PFENNING Director October 23, 1996 Greg Pfenning VONN RICHARDSON Director October 23, 1996 Vonn Richardson MONTE ROMOHR Director October 23, 1996 Monte Romohr JOE ROYSTER Director October 23, 1996 Joe Royster RAYMOND J. SCHMITZ Director October 23, 1996 Raymond J. Schmitz FRANK WILSON Director October 23, 1996 Frank Wilson ROBERT ZINKULA Director October 23, 1996 Robert Zinkula