2. RECEIVABLES

A summary of receivables at December 31 is as follows:

		2001		2000
Trade accounts	$	287,229	$	472,698
Notes and contracts	50,626		65,384
Notes from sale of trade receivables (see Note 3)	192,403		-
Other	66,707		65,846
	596,965		603,928
Less allowance for doubtful accounts	22,954		17,870
Total receivables, net	$	574,011	$	586,058

A substantial portion of Land O'Lakes receivables is concentrated in the agricultural industry. Collections of these receivables may be dependent upon economic returns from farm crop and livestock production. The Company's credit risks are continually reviewed, and management believes that adequate provisions have been made for doubtful accounts.

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