7. Goodwill and Other Intangible Assets

Goodwill The Company adopted the remaining provisions of SFAS No. 142 on January 1, 2002. Had SFAS No. 142 been effective January 1, 2000, net earnings for 2001 and 2000 would have been reported as follows:

Owned property, plant and equipment:

		2002		2001		2000
Net earnings	$	98,887	$	71,488	$	102,932
Add back: goodwill amortization, net of tax	-		4,940		6,887
Adjusted net earnings	$	98,887	$	76,428	$	109,819

The carring amount of goodwill at December 31, 2002 is as follows:

		2002		2001
Dairy	$	66,718	$	40,285
Feed	156,839		109,463
Seed	16,948		15,704
Swine	647		701
Agronomy	69,823		74,904
Other	12,438		13,970
Total goodwill	$	323,413	$	255,027

The Dairy Foods segment goodwill increased by $26.4 million, principally due to the additional purchase price for an acquisition in 2001. The Feed segment goodwill increased $47.4 million, mostly due to the $50.7 million reallocation of the Purina Mills, Inc. purchase price. The Seed segment goodwill increased $1.2 million, mainly due to the additional purchase price for an acquisition. The decrease in goodwill in the Agronomy segment was primarily due to amortization related to an investment in a joint venture.

Other Intangible Assets A summary of other intangible assets at December 31 is as follows:

		2002		2001
Amortized other intangible assets: Trademarks, less accumulated amortization   of $1,615 and $235, respectively	$	66,718	$	40,285
Patents, less accumulated amortization of   $1,394 and $241, respectively	14,979		16,132
Agreements not to compete, less   accumulated amortization of $2,324   and $1,415, respectively	1,976		3,608
Other intangible assets, less accumulated   amortization of $7,343 and $4,416,   respectively	5,127		10,850
Total amortized other intangible assets	24,807		34,697
Total non-amortized other intangible assets -   trademarks	76,963		76,963
Total other intangible assets	$	101,770	$	111,660

Amortization expense for the years ended December 31, 2002 and 2001 was $6.6 million and $4.6 million, respectively. The estimated amortization expense related to other intangible assets subject to amortization for the next five years will approximate $4.0 million annually. The weighted-average life of the intangible assets subject to amortization is approximately 14 years.

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