In re Farmland Foods, Inc		Case No. 02-50561


	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF MARCH, 2004

	REVENUE
	Gross Income		$ 18,038.06
	Less Cost of Goods Sold		$ 271,077.32
	Materials	$ 271,077.32
	Direct Labor	-
	Overhead	$ -
	Gross Profit		$ (253,039.26)

	OPERATING EXPENSES
	Owner/Officer-Draws/Salaries	$ -
	Other Employee Salaries	$ -
	Advertising and Marketing	$ -
	Insurance
	Payroll Taxes	$ (1,764.24)
	Lease and Rent	$ -
	Telephone and Utlities	$ 11,209.50
	Attorney and other Professional Fees	$ 3,937.39
	UST Quarterly Fees	$ 10,000.00
	Other Expenses	$ 72,541.94
	Total Operating Expenses		$ 95,924.59
	Net Income (Loss)		$ (348,963.85)


	CURRENT ASSETS
	Accounts Receivable at end of month		$ -
	Increase (Decrease) in AR for month		$ (3,342,674.47)
	Inventory at end of month		$ -
	Increase (Decrease) in Inventory for month		$ (937,575.91)
	Cash at end of the month		$ 369,515,319.10
	Increase (Decrease) in Cash for month		$ (1,804,899.07)


	LIABILITIES
	Increase (Decrease) in pre-petition debt		$ -
	Increase (Decrease) in post-petition debt		$ (197,923.54)
	Taxes Payable:
	Federal Payroll Taxes	$ -
	State Payroll Taxes	$ -
	Local Payroll Taxes	$ -
	State Sales Taxes	$ (15,705.26)
	Real Estate and Personal	$ -
	Property Taxes	$ -
	Other (footnote)	$ (695.76)
	Total Taxes Payable		$ (16,401.02)

	Footnote:
	Use Tax Payable	$ (695.76)

FARMLAND INDUSTRIES INC 8-K