<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>4
<FILENAME>ex10_11.txt
<DESCRIPTION>SEABOARD CORPORATION EXECUTIVE OFFICERS' BONUS POLICY
<TEXT>

                                                    Exhibit 10.11

                      SEABOARD 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  2004 bonus,  and  supersedes  all
Executive Bonus Policies in effect prior thereto with respect  to
the named executive officers.

DEFERRED COMPENSATION:  Any portion of a bonus which causes total
compensation,  as  defined  in Section  162(m)  of  the  Internal
Revenue  Code of 1986, as amended, to exceed $1,000,000 shall  be
credited  to Seaboard Corporation Executive Deferred Compensation
Plan for the account of that Executive Officer.

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</TEXT>
</DOCUMENT>
