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 1997 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. This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument. Signature Title Date /s/ ALBERT J. SHIVLEY Chairman of Board October 22, 1997 Albert J. Shivley and Director /s/ H. D. CLEBERG H. D. Cleberg Chief Executive Officer October 22, 1997 and Director (Principal Executive Officer) /s/ OTIS H. MOLZ Vice Chairman of Board October 22, 1997 Otis H. Molz and Director /s/ LYMAN L. ADAMS, JR. Director October 22, 1997 Lyman L. Adams, Jr. /s/ RONALD J. AMUNDSON Director October 22 , 1997 Ronald J. Amundson /s/ BAXTER ANKERSTJERNE Director October 22, 1997 Baxter Ankerstjerne /s/ JODY BEZNER Director October 22, 1997 Jody Bezner /s/ RICHARD L. DETTEN Director October 22, 1997 Richard L. Detten /s/ STEVEN ERDMAN Director October 22, 1997 Steven Erdman /s/ HARRY FEHRENBACHER Director October 22, 1997 Harry Fehrenbacher /s/ WARREN GERDES Director October 22, 1997 Warren Gerdes /s/ BEN GRIFFITH Director October 22, 1997 Ben Griffith /s/ GAIL D. HALL Director October 22, 1997 Gail D. Hall /s/ BARRY JENSEN Director October 22, 1997 Barry Jensen /s/ RON JURGENS Director October 22, 1997 Ron Jurgens /s/ WILLIAM F. KUHLMAN Director October 22, 1997 William F. Kuhlman /s/ GREG PFENNING Director October 22, 1997 Greg Pfenning /s/ MONTE ROMOHR Director October 22, 1997 Monte Romohr /s/ JOE ROYSTER Director October 22, 1997 Joe Royster /s/ E. KENT STAMPER Director October 22, 1997 E. Kent Stamper /s/ ELI F. VAUGHN Director October 22, 1997 Eli F. Vaughn /s/ FRANK WILSON Director October 22, 1997 Frank Wilson