In re Farmland Pipe Line, Inc.			Case No. 02-50565
A Missouri Corporation

	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF AUGUST, 2003

	REVENUE
	Gross Income		$ -
	Less Cost of Goods Sold		$ (39,879.07)
	Materials	$ -
	Direct Labor	$ -
	Overhead	$ (39,879.07)
	Gross Profit		$ 39,879.07

	OPERATING EXPENSES
	Owner/Officer-Draws/Salaries	$ -
	Other Employee Salaries	$ -
	Advertising and Marketing	$ -
	Insurance	$ -
	Payroll Taxes	$ -
	Lease and Rent	$ -
	Telephone and Utlities	$ -
	Attorney and other Professional Fees	$ -
	UST Quarterly Fees	$ -
	Other Expenses-includes income tax expense and other income	$ (59,431.09)
	Total Operating Expenses		$ (59,431.09)
	Net Income (Loss)		$ 99,310.16


	CURRENT ASSETS
	Accounts Receivable at end of month		$ 198,266.30
	Increase (Decrease) in AR for month		$ 36,214.36
	Inventory at end of month		$ -
	Increase (Decrease) in Inventory for month		$ -
	Cash at end of the month		$ -
	Increase (Decrease) in Cash for month		$ -


	LIABILITIES
	Increase (Decrease) in pre-petition debt		$ (81,406.88)
	Increase (Decrease) in post-petition debt		$ 49,136.56
	Taxes Payable:
	Federal Payroll Taxes	$ -
	State Payroll Taxes	$ -
	Local Payroll Taxes	$ -
	State Sales Taxes	$ -
	Real Estate and Personal	$ -
	Property Taxes	$ -
	Other (footnote)	$ (133,550.99)
	Total Taxes Payable		$ (133,550.99)

	Footnote:
	Fed Income Tax (Pre)	$ -
	Fed Income Tax (Post)	$ (133,550.99)

FARMLAND INDUSTRIES INC 8-K