2. RECEIVABLES

A summary of receivables at December 31 is as follows:

		2002		2001
Trade accounts	$	237,106	$	287,229
Notes and contracts	44,565		50,626
Notes from sale of trade receivables (see Note 3)	225,144		192,403
Other	79,024		66,707
	585,839		596,965
Less allowance for doubtful accounts	18,255		22,954
Total receivables, net	$	567,584	$	574,011

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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