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


	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF DECEMBER, 2003

	REVENUE
	Gross Income			$ -
	Less Cost of Goods Sold			$ 20,328.14
	Materials	$ -
	Direct Labor	$ -
	Overhead	$ 20,328.14
	Gross Profit			$ (20,328.14)

	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	$ 8,131.26
	Total Operating Expenses			$ 8,131.26
	Net Income (Loss)			$ (28,459.40)


	CURRENT ASSETS
	Accounts Receivable at end of month			$ 18,421.87
	Increase (Decrease) in AR for month			$ (98,955.89)
	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			$ -
	Increase (Decrease) in post-petition debt			$ (75,924.92)
	Taxes Payable:
	Federal Payroll Taxes	$ -
	State Payroll Taxes	$ -
	Local Payroll Taxes	$ -
	State Sales Taxes	$ -
	Real Estate and Personal	$ -
	Property Taxes	$ -
	Other (footnote)	$ (189,062.31)
	Total Taxes Payable			$ (189,062.31)

	Footnote:
	Fed Income Tax (Pre)	$ -
	Fed Income Tax (Post)	$ (189,062.31)

FARMLAND INDUSTRIES INC 8-K