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The best way to print the 2003 Annual Report is to download it as a PDF file.
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| To open the PDF file you will need Adobe Acrobat Reader which is available free of charge at www.adobe.com |
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Design:
Eisenman
Associates |
FORWARD-LOOKING
STATEMENTS
Throughout this report to stakeholders, we discuss some of our expectations regarding Land O’Lakes future performance. All of these forward-looking statements are based on our current expectations and assumptions. Such statements are subject to certain risks and uncertainties that could cause actual results to differ. In particular, our ability to timely complete the Phase II expansion at CPI and to increase the plant’s profitability may be affected by, among other things, construction delays, consumer demand and preferences, commodity prices, our competitive environment, changes in regulations pertaining to milk marketing and the availability of adequate milk supply. The Company undertakes no obligation to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of other important risk factors that may materially affect our estimates and results, please see the risk factors contained in Land O’Lakes Annual Report on Form 10-K for the year ended December 31, 2002, which can be found on the Securities and Exchange Commission web site ( www.sec.gov
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