Document:

SEABOARD CORPORATION
              EXECUTIVE DEFERRED COMPENSATION PLAN

                     AS AMENDED AND RESTATED
                    EFFECTIVE JANUARY 1, 2005

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                       SEABOARD CORPORATION
              EXECUTIVE DEFERRED COMPENSATION PLAN

                            ARTICLE I

                  HISTORY, PURPOSE AND EFFECTIVE DATE

     1.01   History   and    Purpose.    Seaboard     Corporation
(the "Company") established the  Seaboard  Corporation  Executive
Deferred    Compensation    Plan    ( the   "Plan")     effective
January 1, 1999.   The   primary   purpose  of  the  Plan  is  to
provide  for the mandatory deferral on a pre-tax basis of  salary
and  bonus  payable with respect to a particular Year to  certain
designated Executives whose Compensation for the Year exceeds the
maximum   allowable  deductible  amount  of  compensation   under
Section  162(m) of the Internal Revenue Code of 1986, as  amended
(the  "Code") and Treasury Regulations thereunder.  The  Plan  is
intended  to  constitute an unfunded "top hat" arrangement  under
Title  I  of the Employee Income Retirement Security Act of  1974
(as amended) ("ERISA").

     1.02  Effective  Date.  The Plan is a nonqualified  deferred
compensation plan within the meaning of Section 409A of the Code.
Accordingly,  the  Plan is hereby amended and restated  effective
January 1, 2005 for the purpose of satisfying the requirements of
Section  409A  of the Code, and the Plan shall be  construed  and
administered accordingly.  This amended and restated Plan applies
only  to amounts deferred under the Plan after December 31, 2004.
The  Plan as in effect on December 31, 2004, (which has not  been
amended  since  its original effective date of January  1,  1999)
will  continue to apply to amounts deferred under  the  Plan  and
vested  as  of  December  31, 2004,  and  earnings  thereon.   An
Executive  who was participating in the Plan as of  December  31,
2004,  shall continue to participate in this amended and restated
Plan until the Board designates otherwise.

                           ARTICLE II

                           DEFINITIONS

     2.01 Account   or  Account  Balance.  "Account" or  "Account
Balance" shall mean with respect to an Executive the sum  of  his
Annual   Deferral   Amounts   and  Company  Contribution  Amounts
designated  on his  behalf, if  any,  as  adjusted for Investment
Return,  and reduced  by  distributions  hereunder.  This Account
shall  be  a bookkeeping  entry only and shall be utilized solely
as  a device for the measurement and determination of the amounts
to be  paid to an Executive pursuant to this Plan.

     2.02 Annual Deferral Amount.  "Annual Deferral Amount" shall
mean  that portion  of an Executive's  salary or bonus for a Year
which is  deferred  pursuant  to  this Plan.  In  the event of an
Executive's Separation from Service prior  to the  end of a Year,
the  Annual  Deferral  Amount

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for  such Year shall be the actual
amount, if any, deferred prior to the Executive's Separation from
Service.

     2.03 Beneficiary.   "Beneficiary"   shall  mean  the person,
persons, estate or other legal entity of, or  established  by, an
Executive entitled to receive any benefits under this Plan in the
event of the Executive's death.

     2.04 Board. "Board" shall mean the Board of Directors of the
Company.

     2.05 Change in Control. "Change  in Control" shall mean with
respect to any Executive an event or transaction which results in
one or  more  of  the following and which constitutes a change in
control event within the meaning of Code Section 409A:

          (a)  the acquisition by any unrelated person  or entity
of more than  fifty  percent  (50%)  of  either  the  outstanding
shares  of common  stock  or  the  combined  voting  power of the
Company's  then outstanding voting securities  entitled  to  vote
generally  in  the election of directors;

          (b)  the   sale  to  an  unrelated  person or entity of
Company assets that have a total gross fair  market value of more
than eighty-five  percent (85%) of  the total gross  fair  market
value of all of the  assets of  the  Company immediately prior to
such sale; or

          (c)  the approval by the shareholders of the Company of
a reorganization,  merger,  or  consolidation  with   respect  to
which  persons  who   were  the   stockholders   of  the  Company
immediately   prior   to    such   reorganization,   merger,   or
consolidation do not, immediately thereafter, own more than fifty
percent (50%) of  the  combined  voting  power  entitled to  vote
generally in the election of the  directors  of the  reorganized,
merged  or   consolidated  entity's   then   outstanding   voting
securities; or

          (d)  the  acquisition  by  any  person or entity (other
than  by  any  descendant  of  Otto Bresky,  Senior  or any trust
established  primarily for  the  benefit  of  any  descendant  of
Otto  Bresky, Senior  or  any  other related person or entity) of
more than fifty percent (50%) of either the membership  interests
or  the combined voting power of Seaboard Flour, LLC.

     For  purposes of determining whether there has been a Change
in  Control under this Section 2.05, the attribution of ownership
rules under Code Section 318(a) shall apply.

     2.06 Code. "Code" shall mean  the  Internal  Revenue Code of
1986, as may be amended from time to  time,  and  final  Treasury
Regulations issued thereunder.

     2.07 Company. "Company" shall mean Seaboard Corporation and,
for  purposes  of  all  references  herein   to  an   Executive's
Compensation  or  his  employer's  deduction, shall include every
member of  the  Company's  affiliated  group, as determined under
Section 1504 of the Code.

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     2.08 Company  Contribution  Amount.   "Company  Contribution
Amount"  shall  mean  a  nonelective  amount   credited   to   an
Executive's Account,  at any time or times, which may be   either
a    Company    Discretionary   Contribution    or    a   Company
Regular Contribution. A  Company Discretionary Contribution is an
amount that  is  credited  to  an  Executive's  Account,  at  any
time or  times,  in  the  discretion  of  the  Board.  A  Company
Regular Contribution is an amount that is credited to the Account
of an  Executive  with  respect  to any  one or more of an Annual
Deferral Amount,  a  Company  Discretionary  Contribution,  or  a
portion of the Executive's Compensation, as herein provided.

     2.09 Compensation.  "Compensation" shall mean an Executive's
"applicable   employee   remuneration"   as   defined  in Section
162(m)(4) of  the  Code  and  final  Treasury  Regulations issued
thereunder.

     2.10 Excess Compensation.  "Excess  Compensation" shall mean
the  excess  of  Adjusted Compensation over the maximum amount of
compensation  determined pursuant to Code Section 401(a)(17) that
can be taken  into  account  under  the 401(k) plan maintained by
Seaboard Corporation for salaried  employees for the plan year of
such 401(k) plan that ends within the Year Excess Compensation is
being   determined  hereunder.   For   this  purpose,   "Adjusted
Compensation"  shall mean the Executive's Compensation for a Year
reduced by (a) reimbursements or other expense allowances, fringe
benefits  (cash  and  noncash),  moving  expenses,  and   welfare
benefits; (b) any amount of  taxable  income  recognized  by  the
Participant upon the exercise  of an option under any option plan
or program maintained by the  Company; and (c) any taxable income
recognized by the Participant as a result of a distribution under
any  nonqualified  deferred  compensation  arrangement (including
this Plan), and increased by  any  elective  contributions by the
Executive to a plan maintained  by the Company and not includable
in  gross  income  due  to  the  provisions of Code Sections 125,
401(k) or 132(f).

     2.11 Executive.  "Executive"   shall   mean   any  member of
management or highly  compensated  employee  who  is  a  "covered
employee" under Section 162(m)(3) of the Code with respect to any
Year,  and who  is  designated by the Board to participate in the
Plan  for  purposes of the mandatory Annual Deferral Amount under
Article III,  or  for  purposes  of   a   Company   Discretionary
Contribution   under  Article  IV,  or both.  An Executive who is
designated by the Board to participate  in  the Plan for purposes
of the   mandatory  Annual  Deferral  Amount  shall  continue  to
participate for such purpose each year until the Board designates
otherwise  or  until  Executive's  Separation  from  Service.  An
Executive who is designated by the Board  to participate  in  the
Plan for purposes of a  Company  Discretionary Contribution for a
particular Year shall  not  participate in the Plan for any other
purpose  except  the  purpose   so  designated  and   shall   not
participate in the  Plan  for  any  other Year except the Year as
designated, unless  and  until a  new  designation is made by the
Board.  Executive shall also mean a  former Executive for whom an
Account is maintained hereunder.

     2.12 Investment Return.   "Investment Return" shall mean the
amount that is either credited to Executive's Account or deducted
from Executive's Account to  reflect  the  positive  or  negative
return  of  the  investment  measure  or  measures  selected   by
Executive pursuant to Article V.

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     2.13 Matching Percentage.  "Matching Percentage" shall  mean
the   percentage   used  to  calculate   the  "Employer  Matching
Contributions" pursuant to Section 3.02 of the Retirement Savings
Plan for Seaboard Corporation, as such percentage may be  amended
from time to time.  The Matching  Percentage  shall  initially be
3 percent (3%).

     2.14 Plan.  "Plan"   shall   mean   the Seaboard Corporation
Executive Deferred  Compensation Plan, as set forth herein and as
amended from time to time.

     2.15 Plan Administrator. "Plan Administrator" shall mean the
Company or such person or  persons  designated  by the Company to
act in such capacity.  No individual who  participating hereunder
shall have any authority with respect to  the  administration  of
the Plan.

     2.16 Related Company.      "Related   Company"   means   any
corporation (including  the Company)  which  is  a  member  of  a
controlled group of corporations (as defined in Section 414(b) of
the Code) that includes the Company.

     2.17 Separation   from  Service.  "Separation  from Service"
means an Executive's separation from service with the Company and
all Related Companies within the meaning  of Section  409A of the
Code.

     2.18 Unforeseeable   Emergency.   "Unforeseeable  Emergency"
means an unanticipated emergency  that  is  caused  by  an  event
beyond the control of the Executive  that  would result in severe
financial hardship to the Executive resulting  from (i) a  sudden
and  unexpected  illness   or   accident  of  the  Executive or a
dependent of  the  Executive, (ii)  a  loss  of  the  Executive's
property  due  to casualty, or (iii) such other extraordinary and
unforeseeable circumstances arising as a result of events  beyond
the control of  the  Executive,  all  as  determined  in the sole
discretion of the Plan Administrator.

     2.19 Valuation Date.    "Valuation Date" shall mean the last
day of each calendar quarter and the  date of distribution of any
portion of the Executive's Account  hereunder  and any other date
determined by the Plan Administrator in its  discretion  for  any
reason from time to time.

     2.20 Year.  "Year" shall mean a calendar year.

                           ARTICLE III

                     ANNUAL DEFERRAL AMOUNTS

     3.01 Application  and Deferral.  The   provisions  of   this
Article  III  apply  to any  individual  who is designated by the
Board as an Executive for purposes of the Annual Deferral Amount.
Any  such  designation will  be effective commencing on the first
day of  the Year  following  the Year in which the designation is
made.

     3.02 Deferral. A  portion  of  such Executive's Compensation
will  be  deferred  each  Year in  accordance with  the terms and
conditions of this Article III.

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     3.03 Amount of Annual Deferral. The amount of an Executive's
Compensation which shall be deferred each Year under this Article
III shall equal the excess  of  such Executive's Compensation for
any Year (including any bonus  that  may  be paid with respect to
such Year in the following Year and that,  but for Section 162(m)
of the Code, would be deductible  by the  Company in such current
Year) over one million dollars ($1,000,000) (or such other amount
specified in Section 162(m) of the Code).

     3.04 Time  of  Annual  Deferral.  Compensation shall not  be
deferred  in  any  Year  until  the  Executive  has   been   paid
Compensation with respect to such Year equal to or  exceeding one
million dollars ($1,000,000).

     3.05 Credit to Account.  The Annual Deferral Amount shall be
credited to Executive's Account at such time or times such amount
would have been paid to Executive absent the provisions  of  this
Article III.

                           ARTICLE IV

                   COMPANY CONTRIBUTION AMOUNT

     4.01 Company Discretionary Contribution.  The  provisions of
this Section  4.01  apply to any individual who is designated  as
an Executive for a Year  for purposes of a Company  Discretionary
Contribution.  The Board may make this designation  at  any  time
during  the  Year.  If the Board designates an individual  as  an
Executive  for purposes of the Company Discretionary Contribution
for  a Year, then the Board shall determine in its discretion the
amount of the Company Discretionary Contribution and the date  of
such  contribution.  The Company Discretionary Contribution shall
be credited to the Executive's Account on such date.

     4.02 Company Regular Contribution.    The provisions of this
Section 4.02  apply  to  any Executive with respect to a Year for
which the Executive has  been  designated  by  the  Board  as  an
Executive for purposes  of  the Annual  Deferral  Amount  or  the
Company Discretionary Contribution, or both.  The Company Regular
Contribution for a Year with respect to an Executive who has been
designated by the Board  as  an  Executive  for  purposes  of the
Annual Deferral Amount, or both  the Annual  Deferral Amount  and
the Company Discretionary  Contribution,  shall be the sum of (a)
the Matching Percentage times the Annual Deferral Amount credited
to  the  Executive's   Account  for  such Year, (b) the  Matching
Percentage times any Company  Discretionary  Contribution  amount
credited to the Executive's Account for  such  Year, and (c)  the
Matching Percentage times the  Executive's  Excess  Compensation.
The Company Regular  Contribution  for a Year with respect  to an
Executive who has been  designated by  the Board as  an Executive
for  purposes  of  the  Company  Discretionary Contribution only,
shall  be  the  Executive's Account for such Year.  Each  time an
Annual Deferral Amount or a  Company  Discretionary  Contribution
amount is credited to an Executive's Account, on that date or  as
soon  as  administratively  feasible  after  that date, a Company
Regular  Contribution  will  also  be credited to the Executive's
Account.

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                  ACCOUNT AND INVESTMENT RETURN

     4.03  Investment  Return.  The Investment  Return  shall  be
determined based upon the investment measure or measures selected
by the Executive in accordance with procedures established by the
Plan  Administrator pursuant to Section 5.02.  The Executive will
be  permitted  to  elect  investment  measures  only  from  those
investment measures made available to the Executive by  the  Plan
Administrator.   One  investment measure will  be  an  investment
vehicle  that is deemed to earn a rate of return equal  to  eight
percent  (8%).   At any time this is the only investment  measure
then  it  will  apply for purposes of determining the  Investment
Return,  and an election will not be made.  Additional investment
measures  may  include a pooled account managed by a professional
manager  and  consisting primarily of equities and  fixed  income
investments in approximate percentages designated, or  any  other
investment measures selected by the Plan Administrator.  The Plan
Administrator  may  delete  any  of  the  additional   investment
measures  at  any  time or times and substitute other  investment
measures.

     4.04 Investment Procedures.    The  Plan  Administrator will
establish procedures, which may be changed from time to time, for
the  selection  by  Executive  of  investment measures under this
Article V and for Executive's change of such selection.

     4.05 Valuation Dates.  As  of  each  Valuation Date the Plan
Administrator  will  make  the  appropriate  adjustments  to  the
Executive's Account for the Investment Return.

     4.06 Vesting.  The  Executive  shall  be fully vested in his
Account at all times.

     4.07 No Actual Investment.  The method  prescribed herein to
determine the Investment Return shall in no  way require that the
Company make any investment of Company assets  in  any investment
nor entitle the Executive  to  any  rights  or  interest  in  any
investment held by the Company outright or in trust.

                            ARTICLE V

                          DISTRIBUTION

     5.01 Amount of Benefit. The amount of an Executive's benefit
hereunder  at  a Valuation Date shall be the Executive's  Account
Balance.

     5.02 Annual Distribution. On, or as near as administratively
feasible before, the last day of  each  Year,  the  Company shall
distribute the Executive's Account Balance  determined as of such
date to the Executive; provided, however,  if as of such date the
Plan  Administrator  reasonably  anticipates that  the  Company's
deduction  with respect to such payment to the Executive would be
limited or  eliminated by the application of Code Section 162(m),
then such  payment  shall  not be  made except to the extent of a
distribution  amount  that  the  Plan  Administrator   reasonably
determines   will  not  so  limit  or  eliminate  the   Company's
deduction.  Any  payment  made  under this Section 6.02 will be a
lump sum payment.

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     5.03 Mandatory Distribution Upon Change in Control.  In  the
event  of  a  Change in Control, the  Executive's Account Balance
will be distributed by the Company to the Executive in a lump sum
payment  as  soon  as  administratively  feasible  following  the
occurrence of such Change in Control.

     5.04 Mandatory Distribution Upon Separation from Service. In
the event of the Executive's Separation from Service, then unless
the  Executive's Account  Balance  is  to  be distributed earlier
under  another  provision  of  this  Article VI, the  Executive's
Account  Balance  will  be  distributed  by  the  Company  to the
Executive  in  a  lump  sum  payment  as soon as administratively
feasible after the  date that is six months after the Executive's
Separation from Service.

     5.05 Death Prior to Payment of Benefits.  In the event of an
Executive's  death  prior  to the payment to the Executive of the
Executive's Account Balance,  an  amount equal to the Executive's
Account Balance  shall  be  paid to  the  Executive's  designated
Beneficiary in a  lump  sum  payment  as soon as administratively
feasible after the Executive's death.

     5.06 Distribution Upon Unforeseeable Emergency.  If the Plan
Administrator determines that an Executive has  an  Unforeseeable
Emergency, then upon the written  request  of  the Executive  the
Plan  Administrator may  direct  the  Company  to  distribute  to
the   Executive  an  amount  that  shall  not  exceed  the amount
necessary    to   satisfy   such  emergency  need   plus  amounts
necessary to pay taxes reasonably anticipated as a result of  the
distribution, after taking into account the extent to  which  the
such  emergency  is or may be relieved through  reimbursement  or
compensation by insurance or otherwise, or by liquidation of  the
Executive's assets, to the extent the liquidation of such  assets
would not itself cause severe financial hardship.

                           ARTICLE VI

                           BENEFICIARY

     6.01 Beneficiary Designation. An Executive shall designate a
Beneficiary  to receive benefits under the Plan on an appropriate
form  provided  by  the Plan Administrator.   If  more  than  one
Beneficiary  is  named,  the  share  and/or  precedence  of  each
Beneficiary  shall  be indicated.  An Executive  shall  have  the
right  to  change  the  Beneficiary by  submitting  to  the  Plan
Administrator a new Beneficiary designation form.

     6.02 Proper Beneficiary.  If  the Plan Administrator has any
doubt as to the proper Beneficiary to receive payments hereunder,
the Plan Administrator shall have the right to direct the Company
to  withhold  such  payments,  and  the Company may withhold such
payments, until the matter is finally adjudicated.  However,  any
payment made by the Company, in good faith and in accordance with
this  Plan,  shall  fully  discharge the Company from all further
obligations with respect to that payment.

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     6.03 Minor or  Incompetent  Beneficiary.    In   making  any
payments  to  or  for  the benefit of any minor or an incompetent
Beneficiary, the Company, in  its  sole  and absolute discretion,
may make a distribution to a legal or  natural  guardian or other
relative of a  minor  or  court-appointed  representative of such
incompetent.   Alternatively,  it  may  make  a  payment  to  any
adult  with  whom  the  minor  or  incompetent  temporarily    or
permanently resides. The receipt by a guardian,   court-appointed
representative, relative or other  person  shall be   a  complete
discharge to  the  Company. Neither  the  Company  nor  the  Plan
Administrator  shall have any responsibility to see to the proper
application of any payments so made.

     6.04 No Beneficiary  Designation.  If an Executive fails  to
designate a Beneficiary as provided in Section 7.01 above, or  if
all designated Beneficiaries  predecease  the  Executive  or  die
prior  to  complete  distribution  of  the  Executive's   Account
Balance, then the Executive's  designated  Beneficiary  shall  be
deemed  to  be  his surviving spouse. If  the  Executive  has  no
surviving  spouse, the  benefits  remaining under  the Plan to be
paid to a Beneficiary shall be payable to the Executive's estate.

                           ARTICLE VII

                   ADMINISTRATION OF THE PLAN

     7.01 Finality of Determination.  Subject to  the  Plan,  the
Plan  Administrator  shall,  from time to time, establish  rules,
forms and procedures for the administration of the Plan.   Except
as  herein  otherwise  expressly provided, the Plan Administrator
shall  have  the  exclusive  right  to interpret  the Plan and to
decide  any and all  matters  arising thereunder or in connection
with the administration of the Plan, and it shall endeavor to act,
whether  by  general  rules  or  by particular decisions,  so  as
not  to  discriminate   in favor of or  against  any person.  The
decisions, actions and records of the Plan Administrator shall be
conclusive and binding upon the Company and all persons having or
claiming  to have any right or interest in or under the Plan, and
cannot be  overruled  by  a  court  of  law  unless  arbitrary or
capricious.

     7.02 Certificates and Reports.  The members of the Board and
the officers and  directors  of  the Company shall be entitled to
rely  on  all certificates and reports made by any duly appointed
accountants, and on  all  opinions  given  by  any duly appointed
legal counsel,  which  legal  counsel  may  be  counsel  for  the
Company.

     7.03 Indemnification  and  Exculpation.  The  Company  shall
indemnify and hold harmless any person or  entity  designated  to
act as the Plan Administrator or its  designee  and  each current
and former member of the Board against any and all  expenses  and
liabilities (to the extent not indemnified  under  any  liability
insurance contract or other indemnification  agreement) which the
person  incurs  on  account  of   any  act  or  failure to act in
connection with  the  good  faith  administration  of  the  Plan.
Expenses against  which the Plan Administrator, its designee or a
member of the Board shall be indemnified hereunder shall include,
without limitation,  the  amount  of  any settlement or judgment,
costs, counsel fees, and related  charges  reasonably incurred in
connection with a claim asserted,  or  a  proceeding  brought  or
settlement thereof.  The foregoing right of indemnification shall
be   in   addition   to    any other rights  to  which  the  Plan

<PAGE> 8

Administrator, its designee or  such  member  of the Board may be
entitled as a matter of law, but shall  be conditioned  upon  the
person's notifying the Company of the  claim  of liability within
sixty (60) days of the notice of that   claim and  offering   the
Company the right to participate in and   control  the settlement
and defense of the claim.

     7.04 Expenses.  The expenses of administering the Plan shall
be borne by the Company.

     7.05 FICA and Other Taxes.   The   Company is  authorized to
withhold from the Executive's Compensation, the Executive's share
of FICA and other employment  taxes attributable to   any  Annual
Deferral  Amount  or  Company  Discretionary Amount in accordance
with the Treasury Regulations under Section 3121(v) of the Code.

                          ARTICLE VIII

                        CLAIMS PROCEDURE

     8.01 Written Claim.  Benefits  shall  be  paid in accordance
with  the   provisions  of  this  Plan.  The  Executive,   or   a
designated recipient  or  any  other  person claiming through the
Executive may make a written request for benefits under this Plan.
Any  such   claim  shall   be  mailed  or  delivered  to the Plan
Administrator.  Such   claim   shall   be  reviewed  by  the Plan
Administrator  or  a delegate.

     8.02 Denied Claim.  If the claim is denied,  in  full  or in
part,  the  Plan  Administrator  shall  provide  a written notice
within  ninety  (90)  days setting forth the specific reasons for
denial,  and any additional  material or information necessary to
perfect  the claim,  and an explanation  of why such  material or
information   is   necessary,  and  appropriate  information  and
explanation of the steps to be taken if a review of the denial is
desired.

     8.03 Review Procedure.  If the claim  is denied and a review
is  desired, the Executive (or Beneficiary) shall notify the Plan
Administrator  in writing within sixty (60) days after receipt of
the written   notice  of  denial.  In   requesting  a review, the
Executive  or  Beneficiary  may   request  a  review of pertinent
documents  with  regard  to  the  benefits   created  under  this
agreement,  may  submit  any  written  issues  and  comments, may
request  an  extension  of  time  for  such written submission of
issues and  comments, and may request that a hearing be held, but
the  decision  to  hold  a  hearing  shall  be  within  the  sole
discretion of the Plan Administrator.

     8.04 Plan Administrator Review.  The  decision on the review
of  the denied  claim shall be rendered by the Plan Administrator
within  sixty (60) days  after  the  receipt  of  the request for
review  (if  no  hearing is held) or within sixty (60) days after
the hearing  if  one  is held.  The decision shall be written and
shall state  the specific  reasons  for  the  decision  including
reference to  specific  provisions  of  this  Plan  on  which the
decision is based.

<PAGE> 9

                           ARTICLE IX

                 NATURE OF COMPANY'S OBLIGATION

     9.01 Company's Obligation.  The Company's obligations  under
this  Plan  shall  be an unfunded and unsecured promise  to  pay.
The  Company  shall not be obligated under any  circumstances  to
fund its obligations under this Plan.

     9.02 Creditor Status.  Any   assets  which  the  Company may
acquire  or  set  aside  to  help cover its financial liabilities
under the Plan are and must remain general assets of the  Company
subject to  the claims of its creditors.  Neither the Company nor
this  Plan  gives  an  Executive  or  Beneficiary  any beneficial
ownership  interest  in  any  asset of the Company. All rights of
ownership in  any such assets are and remain in the Company.  All
Plan  Executives  and  Beneficiaries  shall  be unsecured general
creditors of the Company.

                            ARTICLE X

                          MISCELLANEOUS

     10.01 Written Notice.  Any notice given under the Plan shall
be  in writing and shall be mailed by United States mail, postage
prepaid.   If  notice is to be given to the Company, such  notice
shall   be  addressed  to  the  Plan  Administrator  at  Seaboard
Corporation.   If  notice is to be given to the  Executive,  such
notice shall be sent to the Executive's last known address.

     10.02 Change  of  Address.  Any Executive may, from  time to
time,  change  the  address to  which  notices shall be mailed by
giving written notice of such new address.

     10.03 Merger,  Consolidation or Acquisition.  The Plan shall
be  binding  upon  the Company, its assigns, and any successor to
the Company  which  shall  succeed  to  substantially  all of its
assets and business through merger, acquisition or consolidation,
and upon an Executive,  a  Beneficiary, assigns, heirs, executors
and administrators.

     10.04 Amendment  and  Termination.  The  Company retains the
sole  and  unilateral  right  to  terminate,  amend,  modify,  or
supplement this Plan, in whole or part, at any time.  However, no
Company action under this right shall reduce the Account  of  any
Executive or Beneficiary (other than a reduction attributable  to
Investment  Return),  and  no Company action shall accelerate the
time of payment of the Executive's Account.

     10.05 Employment.   This Plan does not provide a contract of
employment between the Company and the Executive, and the Company
reserves the right to  terminate  the  Executive's employment for
any reason, at any time, notwithstanding  the  existence  of this
Plan.

<PAGE> 10

     10.06 Non-transferability.  Except  insofar  as  required or
prohibited  by  applicable  law,  no  sale, transfer, alienation,
assignment,  pledge,  collateralization  or  attachment  of   any
benefits  under  this  Plan  shall  be valid or recognized by the
Company.  Neither the Executive or  designated  Beneficiary shall
have  any  power  to  hypothecate,  mortgage, commute, modify, or
otherwise encumber in advance of  any  of  the  benefits  payable
hereunder, nor shall any of said  benefits  be subject to seizure
for the payment of any debts, judgments, alimony, or maintenance,
owed  by  the  Executive  or  Beneficiary,  or be transferable by
operation of law in  the  event  of  bankruptcy,  insolvency,  or
otherwise.

     10.07 Tax  Withholding.  The   Company  may  withhold from a
payment any federal, state, or local taxes required by  law to be
withheld with respect to such payment and such sum as the Company
may reasonably estimate as necessary to cover any taxes for which
the Company may be liable and which may be assessed with   regard
to such payment.

     10.08 Successors.  The provisions of this  Plan  shall  bind
the Company  and its successors and assigns.  The term successors
as  used  herein  shall  include  any corporate or other business
entity which shall, whether by merger, consolidation, purchase or
otherwise  acquire  all  or substantially all of the business and
assets of the Company,  and successors of any such corporation or
other business entity

     10.09 Applicable Law.  This   Plan  shall be governed by the
laws  of  the  State  of  Kansas  to the extent not pre-empted by
federal law.

     10.10 Gender and Number.  Wherever  the context so requires,
masculine pronouns include the feminine  and singular words shall
include the plural.

     10.11 Titles.  Titles   of   the  Articles  of this Plan are
included for ease of reference only and are not  to  be  used for
the purpose of construing any portion or provision of  this  Plan
document.

     IN  WITNESS  WHEREOF, the Company has caused this instrument
to  be executed by its duly authorized officer on this 29th day
of December, 2005.

                                   SEABOARD CORPORATION

                                   By /s/ Robert L. Steer

<PAGE> 11SEABOARD CORPORATION

                EXECUTIVE OFFICERS' BONUS POLICY

PURPOSE:   The purpose of this policy is to establish  guidelines
for  the  payment  of incentive compensation to  named  executive
officers of Seaboard Corporation.

AFFECTS:   The  Chief  Executive  Officer  and  the  other  named
executive  officers  of  Seaboard  Corporation,  as  defined   in
Item 402 of Regulation S-K.

POLICY:

1.   Incentive  Compensation Philosophy:  The  Company  maintains
     the philosophy that determination of incentive compensation for
     its executive officers is based upon a recognition that these
     officers are responsible for implementing the Company's long-term
     strategic objectives.  All executive compensation, including the
     incentive  portion, is designed to attract  and  retain  top
     executive employees.

2.   Basis for Determination of Incentive Compensation:

          The Board of Directors shall determine annual bonus amounts
          for the named executive officers, including the Chief Executive
          Officer.  This determination will be based on a subjective review
          of the Company's financial performance, an assessment of each
          officer's individual contribution to that performance and other
          discretionary factors.

          The amount assigned to each officer is discretionary.

3.   Method  and  Timing of Payments:  Payments will be  made  in
     cash after year-end financials are available.  This will normally
     occur about February 1 following the end of the previous fiscal
     year.

EFFECTIVE  DATE:   As  of  the  2005 bonus,  and  supersedes  all
Executive Bonus Policies in effect prior thereto with respect  to
the named executive officers.

<PAGE>

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