<SUBMISSION>
<ACCESSION-NUMBER>0000916002-04-000102
<TYPE>8-K/A
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20041112
<ITEMS>1.01
<ITEMS>2.03
<ITEMS>5.02
<ITEMS>7.01
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20041203
<DATE-OF-FILING-DATE-CHANGE>20041203
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>MGP INGREDIENTS INC
<CIK>0000835011
<ASSIGNED-SIC>2040
<IRS-NUMBER>480531200
<STATE-OF-INCORPORATION>KS
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K/A
<ACT>34
<FILE-NUMBER>000-17196
<FILM-NUMBER>041184014
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1300 MAIN ST
<CITY>ATCHISON
<STATE>KS
<ZIP>66002
<PHONE>9133671480
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1300 MAIN STREET
<CITY>ATCHISON
<STATE>KS
<ZIP>66002
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>MIDWEST GRAIN PRODUCTS INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>form8k.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>FORM 8-K/A</TITLE>
</HEAD>
<BODY>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
UNITED STATES <BR>
SECURITIES AND EXCHANGE COMMISSION <BR>
Washington, D. C. 20549 </FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
FORM 8-K/A <BR>
(Amendment No. 1)</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
CURRENT REPORT <BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </FONT></H1>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Date of Report (Date of earliest event reported)<B> November 12, 2004</B> </FONT></P>
<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B> MGP Ingredients, Inc.</B> <BR>
(Exact name of registrant as specified in its charter)</FONT></P>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR ALIGN=CENTER VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>KANSAS</B></FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>0-17196</B></FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>48-0531200</B></FONT></TD>
</TR>
<TR ALIGN=CENTER VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
(State or other jurisdiction</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
(Commission</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
(IRS Employer</FONT></TD>
</TR>
<TR ALIGN=CENTER VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
of incorporation)</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
File Number)</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Identification No.)</FONT></TD>
</TR>
</TABLE><BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>1300 Main Street<BR>
Box 130<BR>
Atchison, Kansas 66002</B><BR>
(Address of principal executive offices) (Zip Code)</FONT></P><BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>(913) 367-1480</B><BR>
(Registrant's telephone number, including area code)</FONT></P><BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>
Not Applicable </B><BR>
(Former name or former address, if changed since last report) </FONT></P>

<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below): </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12) </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b) </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)) </FONT></P>


<HR SIZE=5 COLOR=GRAY NOSHADE>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Amendment No. 1 corrects the date set forth in Item 1.01 on which action
was taken with respect to Fiscal 2005 restricted share awards. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Item 1.01. Entry into a Material Definitive Agreement </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On December 1, 2004, the Human Resources and Compensation Committee of the Board of Directors
adopted guidelines for the issuance of restricted share awards for Fiscal 2005 and
approved restricted share awards with respect to 72,000 shares of common stock under the
Company&#146;s Stock Incentive Plan of 2004. Generally the restricted shares granted to a
participant will vest if the participant remains in the Company&#146;s employ and the
Company achieves cumulative earnings per share of $3.15 over a three year performance
period ending June 30, 2007; if those objectives are not met, the restricted shares held
by a participant will vest if the participant remains employed by the Company during the
period ending June 30, 2011. Partial vesting is permitted after specified periods of
employment if employment is terminated as a result of death, disability, retirement or
termination without cause. Accelerated vesting occurs upon a change in control, as defined
in the 2004 Stock Incentive Plan. The restricted shares have dividend and voting rights.
Of the 72,000 shares awarded, 42,600 were awarded to the Company&#146;s chief executive
officer and other named executive officers as follows: Laidacker M. Seaberg &#150; 14,800
shares, Michael J. Trautschold &#150; 7,400 shares, Randy M. Schrick &#150; 7,000 shares,
Brian T. Cahill -6,600 shares, and Sukh Bassi, PH.D.- 6,800 shares. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>Item 2.03.</B></FONT></TD>

<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>Creation of a Direct Financial Obligation or an Obligation under an Off -Balance
sheet Arrangement of a Registrant.</B> </FONT></TD>
</TR>
</TABLE>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On November 30, 2004, the Company amended its line of credit agreement with Commerce Bank,
N.A. increasing the line of credit facility from $15 million to $20 million<I>. </I>As of
that date, there was $2 million outstanding under the line of credit. Interest on
borrowings is payable monthly at a rate equal to the greater of Commerce Bank&#146;s prime
rate less 1%, or the Federal Funds Rate plus 1.5%. In addition, the Company pays a
commitment fee equal to 0.25% per annum on the unused portion of the commitment. Principal
is due upon the occurrence of an event of default or expiration of the line of credit,
currently November 30, 2005. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Events of default which could result in acceleration of indebtedness under the line of credit
include nonpayment of interest or principal on any payment date, breach of representations
or breaches of covenants not cured within 30 days after notice from the bank, default
under any note or agreement binding on the Company resulting in acceleration of payment
obligations exceeding $1 million, default in the performance of the Company&#146;s
obligations in connection with the bonds issued with respect to its Kansas City, Kansas
facility resulting in acceleration of the Company&#146;s obligations with respect to such
bonds, certain acts of bankruptcy and the entry of judgments against the Company or its
assets which remain unstayed or undischarged after a specified period. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Line of Credit Agreement requires the Company to maintain certain financial ratios,
including a current ratio (current assets to current liabilities) of 1.5 to 1, minimum
consolidated tangible net worth (stockholders&#146; equity less intangible assets) of $86
million, debt to tangible net worth not to exceed 2.5 to 1, and a fixed charge coverage
ratio (generally, the ratio of (i) the sum of (a) net income [adjusted to exclude gains or
losses from the sale or other disposition of capital assets and other matters] plus (b)
provision for taxes plus (c) fixed charges, to (ii) fixed charges) for the period of the
four consecutive fiscal quarters ended as of the measurement date of 1.5 to 1.&nbsp;In
addition, the Company may not permit consolidated funded debt (generally, asset
acquisition related debt plus capitalized lease obligations) to exceed 60% to total
capitalization. Except as noted in the next sentence, other covenants are the same as
those in Section 5 of the Note Agreement dated as of August 1, 1993 with the Principal
Mutual Life Insurance Company and filed as Exhibit 4.1 to the Company&#146;s Report on
Form 10-Q for the quarter ended September&nbsp;30, 1993, and include covenants which
impose limitations on the amount of current debt, liens, restricted payments, investments,
mergers and acquisitions, guaranties and transactions with affiliates. The line of credit
facility permits the Company to grant a security interest in all of its equipment located
at its Kansas City, Kansas facility to secure the Company&#146;s indebtedness to GE
Capital Public Finance, Inc. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Item 5.02.  Departure of Directors or Principal Officers; Election of
Directors;  Appointment of Principal Officers. </FONT></H1>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(a)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Not applicable.
</FONT></TD></TR>

<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD></TR>

<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(b)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Michael R. Haverty has resigned from the Company&#146;s Board of Directors,
effective December 2, 2004.
</FONT></TD></TR>

<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD></TR>

<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(c)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Not applicable.
</FONT></TD></TR>
</TABLE>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Item 7.01 Regulation FD Disclosure. </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Attached as Exhibit 99.1, and incorporated into this Item 7.01 by reference, is a press release
which was issued on </FONT></P>


<HR SIZE=5 COLOR=GRAY NOSHADE>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
December 2, 2004, by the Company relating to Mr. Haverty&#146;s
resignation as a director. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Attached as Exhibit 99.2, and incorporated into this Item 7.01 by reference, is a press release
which was issued on December 2, 2004, by the Company relating to certain capital projects
approved by the Board of Directors. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Item 8.01. Other Events. </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On November 12, a complaint for patent infringement was filed against the Company and
Cargill, Incorporated by National Starch and Chemical Investment Holdings Corporation and
two Australian companies:&nbsp; Penford Australia Ltd. and Penford Holdings Pty.&nbsp; The
complaint was filed in the United States in the U.S. District Court for the District of
Delaware and relates to an agreement recently entered into between Cargill and the Company
relating to the production of a high amylose corn starch that is resistant to digestion.
The Company has referred the matter to counsel for review, although&nbsp;a complaint in
the action has not yet been served on the Company. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Item 9.01. Financial Statements and Exhibits. </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(c)&nbsp;&nbsp;<I>Exhibits</I>. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>99.1</B> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Press Release dated December 2, 2004, furnished solely for the purpose of incorporation by
reference into Items 7.01 and 9.01. </FONT></TD>
</TR></TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>99.2</B> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Press Release dated December 2, 2004, furnished solely for the purpose of incorporation by
reference into Items 7.01 and 9.01. </FONT></TD>
</TR></TABLE>
<BR><BR>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
SIGNATURES </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
<B>MGP INGREDIENTS, INC.</B> </FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
&nbsp;&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
&nbsp;&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Date: December 3, 2004 </FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
By:<U>/s/&nbsp;Laidacker M. Seaberg
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Laidacker M. Seaberg<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer </FONT></TD>
</TR>
</TABLE>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
INDEX TO EXHIBITS </FONT></H1>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>99.1</B> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Press Release dated December 2, 2004, furnished solely for the purpose of incorporation by
reference into Items 7.01 and 9.01. </FONT></TD>
</TR></TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>99.2</B> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Press Release dated December 2, 2004, furnished solely for the purpose of incorporation by
reference into Items 7.01 and 9.01. </FONT></TD>
</TR></TABLE>
<BR><BR>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>pressreleasecapital.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>PRESS RELEASE</TITLE>
</HEAD>
<BODY>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR>
<TD WIDTH=50% ALIGN=LEFT VALIGN=TOP><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<IMG SRC="graphic1.jpg"><BR>
1300 Main Street, P.O. Box 130&nbsp;&#149;&nbsp;Atchiston, Kansas 66002-0130<BR>
913.367.1480&nbsp;&#149;&nbsp;800.255.0302&nbsp;&#149;&nbsp;Fax 913.367.0192<BR>
www.mgpingredients.com&nbsp;&#149;&nbsp;Symbol/Market: MGPI/NASDAQ</FONT></TD>
<TD WIDTH=50% ALIGN=RIGHT VALIGN=MIDDLE><FONT FACE="Arial, Helvetica, Serif" SIZE=7>
NEWS&nbsp;&nbsp;<BR>
RELEASE</FONT></TD>
</TR>
</TABLE>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Contact:&nbsp;&nbsp;Steve Pickman at 913-367-1480</FONT></P><BR><BR>


<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
<TD WIDTH="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
FOR IMMEDIATE RELEASE:</FONT></TD>
<TD WIDTH="70%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
MGPI BOARD APPROVES CAPITAL PROJECTS <BR>
DESIGNED TO IMPROVE ENERGY AND <BR>
WASTE TREATMENT EFFICIENCIES</FONT></TD></TR>
</TABLE><BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ATCHISON, Kan., December 2, 2004&#151;The Board of Directors of MGP Ingredients, Inc. (Nasdaq/MGPI)
today approved two new capital projects that are designed to improve operational cost
efficiencies. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The board approved approximately $1.8 million for the installation of additional equipment
that is expected to result in further energy savings at the company&#146;s distillery
operations in Pekin, Ill. This project is in addition to a previously announced $3 million
energy-savings project that is already underway at the Pekin distillery and which is
slated for completion by mid 2005. The board also approved approximately $1.8 million for
new equipment at MGPI&#146;s Atchison plant to reduce the flow of residual starch material
from the company&#146;s wheat starch processing operations to its waste water treatment
facility. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
According to Randy Schrick, vice president of manufacturing and engineering, the new project at
Pekin &#147;should help to lower the amount of energy that is currently required for
producing our mix of fuel grade and food grade alcohol. This is in line with our strategy
of being the most efficient producer of high quality alcohol products.&#148; Schrick added
that the Atchison project &#147;will not only pay for itself in lower waste water
treatment costs, but will also increase our potential for increasing additional specialty
starch products.&#148; Both projects are scheduled to be completed in July, 2005, Schrick
noted. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>This news release contains
forward-looking statements as well as historical information. Forward-looking statements
are identified by or are associated with such words as &#147;intend,&#148;
&#147;believe,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;anticipate,&#148;
&#147;hopeful,&#148; &#147;should,&#148; &#147;may&#148; and similar expressions. They
reflect management&#146;s current beliefs and estimates of future economic circumstances,
industry conditions, company performance and financial results and are not guarantees of
future performance. The forward-looking statements are based on many assumptions and
factors, including those relating to grain prices, gasoline prices, energy costs, product
pricing, competitive environment and related marketing conditions, operating efficiencies,
access to capital, actions of governments or government officials and actions of insurers.
Any changes in the assumptions or factors could produce materially different results than
those predicted and could impact stock values.</B> </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
### </FONT></P>

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<SEQUENCE>3
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end

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>pressreleasehaverty.htm
<TEXT>
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<HEAD>
<TITLE>PRESS RELEASE</TITLE>
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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
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<TD WIDTH=50% ALIGN=LEFT VALIGN=TOP><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<IMG SRC="graphic1.jpg"><BR>
1300 Main Street, P.O. Box 130&nbsp;&#149;&nbsp;Atchiston, Kansas 66002-0130<BR>
913.367.1480&nbsp;&#149;&nbsp;800.255.0302&nbsp;&#149;&nbsp;Fax 913.367.0192<BR>
www.mgpingredients.com&nbsp;&#149;&nbsp;Symbol/Market: MGPI/NASDAQ</FONT></TD>
<TD WIDTH=50% ALIGN=RIGHT VALIGN=MIDDLE><FONT FACE="Arial, Helvetica, Serif" SIZE=7>
NEWS&nbsp;&nbsp;<BR>
RELEASE</FONT></TD>
</TR>
</TABLE>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Contact:&nbsp;&nbsp;Steve Pickman at 913-367-1480</FONT></P><BR><BR>


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<TR VALIGN="TOP">
<TD WIDTH="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
FOR IMMEDIATE RELEASE:</FONT></TD>
<TD WIDTH="70%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>
HAVERTY RESIGNES FROM MGPI BOARD</B>
</FONT></TD></TR>
</TABLE><BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ATCHISON, Kan., December 2, 4004&#151;Michael R. Haverty has resigned from the
Board of Directors of MGP Ingredients, Inc. (Nasdaq/MGPI) to devote more time
to his responsibilities as chairman, president and chief executive officer of
Kansas City Southern. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;My association with MGP Ingredients has been gratifying,&#148; Haverty said. &#147;MGPI is
transitioning from a commodities-based company to a specialty products-based company and
being a part of that transition has been exciting. While I regret having to leave the
board, my responsibilities at Kansas City Southern require that I make this move. I wish
the leadership and employees of MGPI the best.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Haverty was first elected to MGPI&#146;s board in October, 1999 by holders of the company&#146;s
common stock. He was re-elected to the board in 2002 for a term scheduled to expire in
October, 2005. An appointment to fill the unexpired term will be made by the board as soon
as practical. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Mike has been an outstanding member of our board and has shared significant insight and
leadership from his wealth of experience as a successful business executive,&#148; said
Cloud L. &#147;Bud&#148; Cray, board chairman. &#147;We are deeply grateful for his
dedicated service to our company as a director and are very impressed with his
long-standing support of the Atchison community, where he spent his youth and where MGP
Ingredients has been headquartered since its founding in 1941.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During his time on MGPI&#146;S board, Haverty served as a member of its audit review and
compensation/human resources committees. From October, 2003 to October, 2004, he served as
chairman of the audit review committee. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
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