AG STOCK INDEX.

[GRAPHS OMITTED]

STOCK PRICE AT CLOSE OF MARKET

                                           Month     This      Year
                           Exchange:        Ago      Month      Ago
                           Ticker         3/30/01   4/30/01   4/28/01

CAPITAL EQUIPMENT, FARM MACHINERY

AGCO Corp.                 NYSE:AG           9.60      8.69     11.88
Ag Bag International       OTC BB:AGBG       0.33      0.34      0.50
Art's-Way
 Manufacturing Co.         NASDAQ:ARTW      NA        NA        NA
Bion Environmental
 Technologies, Inc.        OTC BB:BION       1.00      0.97      2.75
Butler Manufacturing Co.   NYSE:BBR         23.00     22.80     23.56
CNH Global                 NYSE:CNH          6.57      5.77     13.50
CTB International Corp.    NASDAQ:CTBC       8.72      9.34      7.94
Caterpillar Inc.           NYSE:CAT         44.38     50.20     39.44
Deere & Co.                NYSE:DE          36.34     41.07     40.38
Fiat                       NYSE:FIA         21.10     22.85     25.00
Gehl Co.                   NASDAQ:GEHL      14.88     15.40     19.50
Kubota Corp.               NYSE:KUB         64.25     73.25     67.00
Lindsay
 Manufacturing Co.         NYSE:LNN         18.50     18.70     17.88
Titan International        NYSE:TWI          3.55      4.79      6.88
Trimble Navigation Ltd.    NASDAQ:TRMB      18.94     16.43     27.63
Twin Disc Inc.             NYSE:TDI         14.39     14.80     17.00
Valmont Industries Inc.    NASDAQ:VALM      16.94     14.99     19.88

SEED, BIOTECH, CROP PROTECTION

AstraZeneca PLC            NYSE:AZN         48.25     47.52     42.12
Aventis                    NYSE:AVE         76.85     76.90     56.25
BASF AG                    NYSE:BF          40.40     42.67     NA
Bayer Ag Corp.             OTC BB:BAYZY     41.50     41.00     42.00
Delta & Pine Land Co.      NYSE:DLP         24.10     23.90     21.00
Dow Chemical               NYSE:DOW         31.57     33.45     37.67
DuPont                     NYSE:DD          40.70     45.19     47.44
Eden Bioscience Corp.      NASDAQ:EDEN      14.88     13.69     NA
FMC Corp.                  NYSE:FMC         73.64     71.69     58.19
HumaTech Inc.              OTC BB:HUMT       0.38      0.45      2.88
IGI Inc.                   AMEX:IG          NA         1.00      1.75
Monsanto Co.               NYSE:MON         35.46     30.95     NA
Novartis                   NYSE:NVS         39.33     39.15     NA
Savia S.A. de C.V.         NYSE:VAI         NA        14.10     NA
Syngenta                   NYSE:SYT         10.40     10.12     NA

PLANT NUTRIENTS, FERTILIZER

Agrium Inc.                NYSE:AGU         12.60     11.48      9.38
Church & Dwight Co.        NYSE:CHD         21.73     23.99     17.88
IMC Global Inc.            NYSE:IGL         12.30     12.00     15.44
Mississippi
 Chemical Corp.            NYSE:GRO          3.36      3.48      7.69
Phosphate Resource
 Partners LP               NYSE:PLP          3.85      3.10      7.69
Potash Corp. of
 Saskatchewan              NYSE:POT         58.01     57.36     53.81
Terra Industries Inc.      NYSE:TRA          4.75      3.80      2.75

ANIMAL HEALTH, GENETICS, FEED

Abbott Laboratories        NYSE:ABT         47.19     46.38     38.44
Agribrands International   NYSE:AGX         53.98     54.47     37.44
Alpharma Inc.              NYSE:ALO         32.74     22.62     38.63
American Home
 Products Corp.            NYSE:AHP         58.75     57.75     56.25
Balchem Encapsulates       AMEX:BCP         15.85     13.95      9.25
Bioreliance Corp.          NASDAQ:BREL      10.75     13.31      4.75
Eli Lilly & Co.            NYSE:LLY         76.66     85.00     77.12
Merck & Co., Inc.          NYSE:MRK         75.90     75.97     69.50
Neogen Corp.               NASDAQ:NEOG      11.81     14.80      6.00
Pfizer Inc.                NYSE:PFE         40.95     43.30     42.13
Pharmacia Corp.            NYSE:PHA         50.37     52.26     49.94
Schering-Plough Corp.      NYSE:SGP         36.53     38.54     40.31
Synbiotics Corp.           NASDAQ:SBIO       0.53      0.44      2.88

MEDIA

AOL Time Warner Inc.       NYSE:AOL         40.15     50.50     60.00
Clear Channel
 Communications            NYSE:CCU         54.45     55.80     72.00
Emmis Communications
 Corp.                     NASDAQ:EMMS      25.31     25.52     42.50
Meredith Corp.             NYSE:MDP         34.91     37.74     NA
Saga Communications
 Inc.                      AMEX:SGA         16.50     19.35     20.25

FINANCIAL

Ag Services of
 America Inc.              NYSE:ASV         14.55     NA        20.94
FBL Financial Group Inc.   NYSE:FFG         15.60     16.75     15.50
Federal Agricultural
 Mortage Corp.             NYSE:AGM         23.75     27.29     15.00

FOOD/FIBER/GRAIN/INDUSTRIAL PROCESSORS

The Andersons Inc.         NASDAQ:ANDE       8.88      7.69      7.47
Archer Daniels
 Midland Co.               NYSE:ADM         13.15     11.91      9.46
Cal-Maine Foods Inc.       NASDAQ:CALM      NA         5.12      3.81
ConAgra Inc.               NYSE:CAG         18.24     20.81     18.88
Corn Products
 International Inc.        NYSE:CPO         25.66     24.50     24.00
Dean Foods Inc.            NYSE:DF          33.86     37.00     24.50
High Plains Corp.          NASDAQ:HIPC       3.56      3.50      2.44
IBP Inc.                   NYSE:IBP         16.40     15.90     16.50
Pilgrim's Pride Corp.      NYSE:CHX          9.85     10.60      7.44
Sanderson Farms Inc.       NASDAQ:SAFM      10.00     11.15      7.25
Tate & Lyle PLC            OTC BB:TATYY     13.88     12.70     13.75
Tyson Foods Inc.           NYSE:TSN         13.47     13.77     10.44