AG stock index.

STOCK PRICE AT CLOSE OF MARKET

                                        Month     This      Year
                         Exchange:        Ago     Month      Ago
                          Ticker       6/30/03   7/31/03   7/31/02

CAPITAL EQUIPMENT, FARM MACHINERY

AGCO Corp.               NYSE:AG         17.08     19.18     17.93
Ag Bag International     OTC BB:AGBG      0.25      0.38      0.38
Art's-Way
  Manufacturing Co.      NASDAQ:ARTW       NA       4.40      3.20
Bion Environmental
  Technologies Inc.      OTC BB:BION       NA       1.01      4.15
Butler Manufacturing
  Co.                    NYSE:BBR        16.53     15.85     25.55
CNH Global               NYSE:CNH         9.54      9.49     14.10
Deere & Co.              NYSE:DE         45.70     50.78     42.02
Fiat                     NYSE:FIA         7.18      6.60     10.36
Gehl Co.                 NASDAQ:GEHL     10.20     10.84     11.35
Kubota Corp.             NYSE:KUB        13.55     14.70     15.40
Lindsay
  Manufacturing Co.      NYSE:LNN        23.22     23.03     21.60
Titan International      NYSE:TWI         1.24      1.40      3.44
Trimble Navigation
  Ltd.                   NASDAQ:TRMB     23.03     27.35     13.09
Twin Disc Inc.           NYSE:TDI        14.15     15.90     14.30
Valmont Industries
  Inc.                   NYSE:VMI        19.46     21.06     21.75

SEED, BIOTECH, CROP PROTECTION

American Vanguard
  Corp.                  AMEX:AVD        18.40     21.80     12.50
BASF AG                  NYSE:BF         42.62     47.38     38.50
Bayer CropScience        NYSE:BAY        23.04     23.66     25.20
Delta & Pine Land Co.    NYSE:DLP        21.98     24.71     19.26
Dow Chemical             NYSE:DOW        30.96     35.30     28.87
DuPont                   NYSE:DD         41.64     43.94     41.91
Eden Bioscience Corp.    NASDAQ:EDEN      1.62      1.41      1.54
FMC Corp.                NYSE:FMC        22.63     23.90     24.64
Genencor International   NASDAQ:GCOR     16.39     16.73      8.95
HumaTech Inc.            OTC BB:HUMT      0.55      0.59      0.63
IGI Inc.                 AMEX:IG          1.05      1.19      0.61
Landec Corp.             NASDAQ:LNDC      3.65      3.35      3.29
Monsanto Co.             NYSE:MON        21.64     23.00     15.20
Savia S.A. de C.V.       NYSE:VAI         2.10        NA      2.85
Syngenta                 NYSE:SYT        10.14     11.00     10.16

FINANCIAL

Ag Services of
  America Inc.           NYSE:ASV         5.94      6.50     11.00
FBL Financial Group
  Inc.                   NYSE:FFG        20.15     22.91     20.79
Federal Agricultural
  Mortgage Corp.         NYSE:AGM        22.35     25.59     26.30

PLANT NUTRIENTS, FERTILIZER

Agrium Inc.              NYSE:AGU        10.96     11.20      8.60
Church & Dwight Co.      NYSE:CHD        32.73     32.40     28.03
IMC Global Inc.
  Partners LP            NYSE:IGL         6.71      7.31     10.85
Phosphate Resource       NYSE:PLP         1.26      1.20      3.16
Potash Corp. of
  Saskatchewan           NYSE:POT        64.00     65.04     54.65
Terra Industries Inc.    NYSE:TRA         1.07      1.27      1.90

ANIMAL HEALTH, GENETICS, FEED

Abbott Laboratories      NYSE:ABT        43.76     39.25     41.41
Alpharma Inc.            NYSE:ALO        21.60     19.85     11.16
Balchem Encapsulates     AMEX:BCP        23.52     23.91     22.75
Bioreliance Corp.        NASDAQ:BREL     21.30     22.00     23.19
EliLilly & Co.           NYSE:LLY        68.97     65.84     58.42
emerge Interactive
  Inc.                   NASDAQ:EMRG      0.77      0.72      0.45
Merck & Co. Inc.         NYSE:MRK        60.55     55.28     49.60
Neogen Corp.             NASDAQ:NEOG     16.99     18.50     12.65
Novartis                 NYSE:NVS        39.81     38.59     41.13
Pfizer Inc.              NYSE:PFE        34.15     33.36     32.35
Schering-Plough Corp.    NYSE:SGP        18.60     16.98     25.50
Wyeth                    NYSE:WYE        45.55     45.58     39.90

FOOD/FIBER/GRAIN/INDUSTRIAL PROCESSORS

The Andersons Inc.       NASDAQ:ANDE     12.25     13.11     12.95
Archer Daniels
  Midland Co.            NYSE:ADM        12.87     13.14     11.70
Bunge Limited            NYSE:BG         28.60     29.95     20.45
Cal-Maine Foods Inc.     NASDAQ:CALM      5.40      6.46      4.08
ConAgra Inc.             NYSE:CAG        23.60     22.53     25.11
Corn Products
  International Inc.     NYSE:CPO        30.03     31.30     27.45
Dean Foods Inc.          NYSE:DF         31.50     29.93     22.23
Pilgrim's Pride Corp.    NYSE:CHX         9.67     12.72     10.10
Sanderson Farms Inc.     NASDAQ:SAFM     28.10     29.69     20.40
Smithfield Foods Inc.    NYSE:SFD        22.92     21.30     18.39
Tate & Lyle PLC          OTC BB:TATYY    22.50     22.09        NA
Tyson Foods Inc.         NYSE:TSN        10.62     11.33     12.65

All stock prices have been adjusted for splits.