<html>

<head>


<title>Farmland 8K</title>



</head>

<body lang=EN-US style='text-justify-trim:punctuation'>

<p align=center style='text-align:center'><b>&nbsp;</b></p>

<p align=center style='text-align:center'><b>UNITED STATES<br>
SECURITIES AND EXCHANGE
COMMISSION</b></p>



<p align=center style='text-align:center'>Washington, D.C. 20549</p>





<p align=center style='text-align:center'><font size="4">FORM 8-K</font></p>









<p align=center style='text-align:center'><b>CURRENT REPORT</b></p>



<p align=center style='text-align:center'>Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934</p>



<p align=center style='text-align:center'>Date of Report (Date of earliest
event reported) March 3, 2004</p>





<p align=center style='text-align:center'><b>FARMLAND INDUSTRIES, INC.<br>
</b>Debtor-in-possession as of May
31, 2002<br>
(Exact name of registrant as specified in its
charter)</p>







<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width=156 valign=top style='width:117.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>Kansas</p>
  </td>
  <td width=175 valign=top style='width:131.35pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>001-11629</p>
  </td>
  <td width=231 valign=top style='width:173.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>44-0209330</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=156 valign=top style='width:117.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>(State of Incorporation)</p>
  </td>
  <td width=175 valign=top style='width:131.35pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>(Commission File Number)</p>
  </td>
  <td width=231 valign=top style='width:173.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>(I.R.S. Employer Identification No.)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=156 valign=top style='width:117.15pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=175 valign=top style='width:131.35pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=231 valign=top style='width:173.2pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=156 valign=top style='width:117.15pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=175 valign=top style='width:131.35pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=231 valign=top style='width:173.2pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=156 valign=top style='width:117.15pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=175 valign=top style='width:131.35pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=231 valign=top style='width:173.2pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
 </tr>
</table>

</div>











<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:59.4pt;border-collapse:collapse'>
 <tr>
  <td width=342 valign=top style='width:256.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>103 W. 26<sup>th</sup> Avenue</p>
  </td>
  <td width=234 valign=top style='width:175.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=342 valign=top style='width:256.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>North Kansas City, Missouri</p>
  </td>
  <td width=234 valign=top style='width:175.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>64116</p>
  </td>
 </tr>
 <tr>
  <td width=342 valign=top style='width:256.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>(Address of principal executive offices)</p>
  </td>
  <td width=234 valign=top style='width:175.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>(Zip Code)</p>
  </td>
 </tr>
 <tr>
  <td width=342 valign=top style='width:256.5pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;<p>&nbsp;</td>
  <td width=234 valign=top style='width:175.5pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
 </tr>
</table>









<p align=center style='text-align:center'>816&#8209;502&#8209;1402<br>
(Registrant's telephone number, including area code)</p>









<p align=center style='text-align:center'>&nbsp;</p>







<p align=center style='text-align:center'>12200 North Ambassador Drive<br>
Kansas City, Missouri&nbsp; 64163<br>
(Former name or former address, if changed since
last report)</p>







<p align=center style='text-align:center'>&nbsp;</p>







<p align=center style='text-align:center'>&nbsp;</p>







<p align=center style='text-align:center'>&nbsp;</p>

<p align=center style='text-align:center'><b>&nbsp;</b></p>



<hr color="#000080"><br clear=all
style='page-break-before:always'>


<p><b>ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition or Disposition
of Assets</b></p>



<p align=left style='text-align:left'>Effective March 3, 2004, Farmland consummated the sale of substantially
all of our petroleum marketing assets and our crop production nitrogen plant
located in Coffeyville, Kansas to Coffeyville Resources, LLC, an affiliate of
Pegasus Partners II, L.P.&nbsp; The sale of our petroleum marketing assets and our
crop production nitrogen plant were in conjunction with our reorganization
proceedings and were subject to approval by the Bankruptcy Court.&nbsp; An auction
was held for these assets during October 2003 and the Court approved
Coffeyville Resources' bid on November 4, 2003.&nbsp; This transaction resulted in
the purchase of assets and inventories and the assumption of certain
liabilities by the buyer.&nbsp; At closing, we received approximately $108 million
in cash, and the following escrows were established out the funds so received:</p>



<ul>
  <li>



<p align=left style='margin-left:0.5in;text-align:left; margin-top:0; margin-bottom:0.0001pt'>$6.4 million to be held in escrow
pending completion of the calculation of the working capital payment which
forms part of the purchase price;</p>

  </li>
  <li>

<p align=left style='margin-left:0.5in;text-align:left; margin-top:0; margin-bottom:0.0001pt'>$5.0 million to be held in escrow
for claims, if any, against us for, among other things, breaches of
representations, warranties and covenants included in the purchase agreement;</p>

  </li>
  <li>

<p align=left style='margin-left:0.5in;text-align:left; margin-top:0; margin-bottom:0.0001pt'>$3.6 million to be held in escrow
for claims against us relating to a product supply agreement assigned to the
buyer;</p>

  </li>
  <li>

<p align=left style='margin-left:0.5in;text-align:left; margin-top:0; margin-bottom:0.0001pt'>$30.0 million to be held in escrow
for mechanics lien claims against us relating to the assets sold; and</p>

  </li>
  <li>

<p align=left style='margin-left:0.5in;text-align:left; margin-top:0; margin-bottom:0.0001pt'>$15.0 million to be held in escrow pending the completion by Coffeyville
Resources of certain assumed environmental projects.</p>



  </li>
</ul>



<p align=left style='text-align:left'>The sales proceeds that have been received (or that may be received
after resolution of the entitlements to the amounts placed in escrow) will be
held as cash reserves and thereafter, subject to the effectiveness and
consummation of our plan of reorganization, will be available for distribution
to creditors.&nbsp; </p>



<p align=left style='text-align:left'>With this sale, we believe we have satisfied the final significant
condition to the effectiveness and consummation of our plan of reorganization
and expect that the plan will become effective in May 2004 and that
distributions to creditors will commence approximately sixty days after the
effective date.&nbsp; We cannot, however, assure you that the plan will become
effective or be consummated or as to the timing of distributions if the plan is
consummated.&nbsp; </p>



<p align=left style='text-align:left;text-indent:.5in'>Our remaining assets consists primarily of:</p>



<ul>
  <li>



<p align=left style='text-align:left; margin-left:0.5in; margin-top:0; margin-bottom:0.0001pt'>cash and cash equivalents of
approximately $820 million;</p>

  </li>
  <li>

<p align=left style='text-align:left; margin-left:0.5in; margin-top:0; margin-bottom:0.0001pt'>grain elevators leased to
Archer-Daniels-Midland Company; and</p>

  </li>
  <li>

<p align=left style='text-align:left; margin-left:0.5in; margin-top:0; margin-bottom:0.0001pt'>various joint venture interest
which we are negotiating to sell.</p>









  </li>
</ul>

<p align=left style='text-align:left;
'>&nbsp;</p>









<p align=left style='text-align:center;
'>2</p>









<hr color="#000080"><br clear=all
style='page-break-before:always'>




<p>&nbsp;</p>

<p align=left style='text-align:left'><b>&nbsp;</b></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:48.5pt;border-collapse:collapse'>
 <tr style='page-break-inside:avoid;height:18.2pt'>
  <td width=638 colspan=2 style='width:6.65in;padding:0in 5.4pt 0in 5.4pt;
  height:18.2pt'>
  <b>Exhibits</b></td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=61 valign=top style='width:45.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=577 valign=top style='width:432.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=61 valign=top style='width:45.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=577 valign=top style='width:432.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=61 valign=top style='width:45.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left'>2.A</p>
  </td>
  <td width=577 valign=top style='width:432.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left'>Amended and Restated Asset Sale and Purchase Agreement between
  Farmland Industries, Inc. and Coffeyville Resources, date November 4, 2003.</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=61 valign=top style='width:45.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left'>2.B</p>
  </td>
  <td width=577 valign=top style='width:432.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left'>Letter to Bob Terry re Amended &amp; Restated Asset Sale and Purchase
  Agreement between Farmland Industries, Inc. and Coffeyville Resources, dated
  January 30, 2004.</p>
  </td>
 </tr>
</table>

<p align=left style='text-align:left'><b>&nbsp;</b></p>



<p align=left style='text-align:left'><b>&nbsp;</b></p>

<p align=left style='text-align:left'><b>&nbsp;</b></p>

<p align=center style='text-align:center'><b>&nbsp;</b></p>

<p align=center style='text-align:center'><b>&nbsp;</b></p>

<p style='page-break-after:auto' align="center"><b>SIGNATURES</b></p>



<p>Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned thereunto duly authorized.</p>











<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:95.4pt;border-collapse:collapse' width="451">
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:388;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'>FARMLAND INDUSTRIES, INC.</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:388;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'>(Registrant)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:388;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  &nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:388;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  &nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:388;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p>By:</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:388;border-bottom:
  1.0pt solid windowtext;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'>/s/ STEVEN R. RHODES</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:388;border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'>Steven R. Rhodes</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:388;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'>Executive Vice President</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:35;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:388;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'>and Chief Financial Officer</p>
  </td>
 </tr>
</table>





<p>Date:&nbsp; March 16, 2004</p>



<p style='page-break-after:auto' align="center"><u><b>EXHIBIT INDEX</b></u></p>

<p align=left style='text-align:left'><b>&nbsp;</b></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse' width="727">
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:61;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=left style='text-align:left'>2.A</p>
  </td>
  <td valign=top style='width:638;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=left style='text-align:left'>Amended and Restated Asset Sale and Purchase Agreement between
  Farmland Industries, Inc. and Coffeyville Resources, dated November 4, 2003.</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:61;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=left style='text-align:left'>2.B</p>
  </td>
  <td valign=top style='width:638;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=left style='text-align:left'>Letter to Bob Terry re Amended &amp; Restated Asset Sale and Purchase
  Agreement between Farmland Industries, Inc. and Coffeyville Resources, dated
  January 30, 2004.</p>
  </td>
 </tr>
</table>









<p align=left style='text-align:left'>&nbsp;</p>









<p align=left style='text-align:left'>&nbsp;</p>









<p align=left style='text-align:center'>3</p>

</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "farm8k1.htm", "secsgml_size_bytes": 16182}]
{"company-data": {"conformed-name": "FARMLAND INDUSTRIES INC", "cik": "0000034616", "assigned-sic": "5150", "irs-number": "440209330", "state-of-incorporation": "KS", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11629", "film-number": "04674391"}, "business-address": {"street1": "12200 N. AMBASSADOR DR.", "street2": "DEPT 140", "city": "KANSAS CITY", "state": "MO", "zip": "64163-1244", "phone": "8167137000"}, "mail-address": {"street1": "P.O. BOX 20111", "city": "KANSAS CITY", "state": "MO", "zip": "64195-0111"}, "former-company": {"former-conformed-name": "CONSUMERS COOPERATIVE ASSOCIATION", "date-changed": "19681201"}}
Farmland 8K
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported) March 3, 2004
FARMLAND INDUSTRIES, INC.
Debtor-in-possession as of May
31, 2002
(Exact name of registrant as specified in its
charter)
Kansas
001-11629
44-0209330
(State of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
103 W. 26
th
Avenue
North Kansas City, Missouri
64116
(Address of principal executive offices)
(Zip Code)
816‑502‑1402
(Registrant's telephone number, including area code)
12200 North Ambassador Drive
Kansas City, Missouri  64163
(Former name or former address, if changed since
last report)
ITEM 2.           Acquisition or Disposition
of Assets
Effective March 3, 2004, Farmland consummated the sale of substantially
all of our petroleum marketing assets and our crop production nitrogen plant
located in Coffeyville, Kansas to Coffeyville Resources, LLC, an affiliate of
Pegasus Partners II, L.P.  The sale of our petroleum marketing assets and our
crop production nitrogen plant were in conjunction with our reorganization
proceedings and were subject to approval by the Bankruptcy Court.  An auction
was held for these assets during October 2003 and the Court approved
Coffeyville Resources' bid on November 4, 2003.  This transaction resulted in
the purchase of assets and inventories and the assumption of certain
liabilities by the buyer.  At closing, we received approximately $108 million
in cash, and the following escrows were established out the funds so received:
$6.4 million to be held in escrow
pending completion of the calculation of the working capital payment which
forms part of the purchase price;
$5.0 million to be held in escrow
for claims, if any, against us for, among other things, breaches of
representations, warranties and covenants included in the purchase agreement;
$3.6 million to be held in escrow
for claims against us relating to a product supply agreement assigned to the
buyer;
$30.0 million to be held in escrow
for mechanics lien claims against us relating to the assets sold; and
$15.0 million to be held in escrow pending the completion by Coffeyville
Resources of certain assumed environmental projects.
The sales proceeds that have been received (or that may be received
after resolution of the entitlements to the amounts placed in escrow) will be
held as cash reserves and thereafter, subject to the effectiveness and
consummation of our plan of reorganization, will be available for distribution
to creditors.
With this sale, we believe we have satisfied the final significant
condition to the effectiveness and consummation of our plan of reorganization
and expect that the plan will become effective in May 2004 and that
distributions to creditors will commence approximately sixty days after the
effective date.  We cannot, however, assure you that the plan will become
effective or be consummated or as to the timing of distributions if the plan is
consummated.
Our remaining assets consists primarily of:
cash and cash equivalents of
approximately $820 million;
grain elevators leased to
Archer-Daniels-Midland Company; and
various joint venture interest
which we are negotiating to sell.
2
Exhibits
2.A
Amended and Restated Asset Sale and Purchase Agreement between
  Farmland Industries, Inc. and Coffeyville Resources, date November 4, 2003.
2.B
Letter to Bob Terry re Amended & Restated Asset Sale and Purchase
  Agreement between Farmland Industries, Inc. and Coffeyville Resources, dated
  January 30, 2004.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned thereunto duly authorized.
FARMLAND INDUSTRIES, INC.
(Registrant)
By:
/s/ STEVEN R. RHODES
Steven R. Rhodes
Executive Vice President
and Chief Financial Officer
Date:  March 16, 2004
EXHIBIT INDEX
2.A
Amended and Restated Asset Sale and Purchase Agreement between
  Farmland Industries, Inc. and Coffeyville Resources, dated November 4, 2003.
2.B
Letter to Bob Terry re Amended & Restated Asset Sale and Purchase
  Agreement between Farmland Industries, Inc. and Coffeyville Resources, dated
  January 30, 2004.
3