Summary Consolidated Balance Sheets Condensed Statements of Net Proceeds Financial Report Independent Auditor's Report Report From Management

Summary

2005 2004 2003 2002 2001 2000 1999 Operating Results (in thousands) Sales Sales $258,126 $266,079 $ 266,400 $ 269,323 $ 279,448 $ 283,526 $ 247,772 Net proceeds 29,001 29,791 30,079 27,765 33,307 50,865 29,030 Member tons received 497 311 350 401 473 381 457 Total tons received 535 337 392 452 533 437 514 Member Proceeds (per ton) Juice apples 46.56 70.82 68.27 63.28 61.73 127.63 55.49 Peeler apples 85.84 136.07 128.84 93.02 91.08 144.35 82.46 Pears 43.80 37.59 29.11 27.04 47.51 39.85 37.33 Financial Position (in millions) Working capital 17.6 22.2 22.3 27.6 33.0 23.1 24.1 Property, plant and equipment 75.3 77.2 77.2 79.3 82.5 78.4 77.3 Total assets 210.1 193.9 197.9 202.9 219.0 207.9 202.1 Long-term debt 54.8 65.6 66.0 73.4 82.5 68.2 74.2 Members' equity 57.5 54.3 54.0 54.0 51.9 48.7 45.2 Financial Statistics Members' equity as % of total assets 27.4 28.0 27.3 26.6 23.7 23.4 22.4 Members' equity as % of total assets employed 46.3 41.6 41.6 39.5 36.3 38.9 35.9