2. RECEIVABLES
A summary of receivables at December 31 is as follows:
|
2000
|
1999
|
|
|
Trade accounts
|
$
|
472,698
|
$
|
492,757
|
|
Notes and contracts
|
65,384
|
50,159
|
|
Other
|
65,846
|
42,915
|
|
|
603,928
|
585,831
|
|
Less allowance for doubtful accounts
|
17,870
|
15,355
|
|
|
Total receivables, net
|
$
|
586,058
|
$
|
570,476
|
|
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.
|
