Document and Entity Information	9 Months Ended
Document and Entity Information	Apr. 30, 2011	May 31, 2011
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Entity Registrant Name	FERRELLGAS PARTNERS L P
Entity Central Index Key	0000922358
Current Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
Ferrellgas Partners, L.P. [Member]
Entity Common Stock, Shares Outstanding		75,900,760
Ferrellgas Partners Finance Corp. [Member]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Entity Registrant Name	FERRELLGAS PARTNERS FINANCE CORP
Entity Central Index Key	0001012493
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000
Ferrellgas, L.P. [Member]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Entity Registrant Name	FERRELLGAS L P
Entity Central Index Key	0000922359
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding
Ferrellgas Finance Corp. [Member]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Entity Registrant Name	FERRELLGAS FINANCE CORP
Entity Central Index Key	0000922360
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000

Condensed Consolidated Balance Sheets (USD $)	Apr. 30, 2011	Jul. 31, 2010
ASSETS
Cash and cash equivalents	$ 13,351,000	$ 11,401,000
Accounts and notes receivable, net (including $163,897,000 and $0 of accounts receivable pledged as collateral at 2011 and 2010, respectively)	235,692,000	89,234,000
Inventories	119,724,000	166,911,000
Prepaid expenses and other current assets	33,821,000	13,842,000
Total current assets	402,588,000	281,388,000
Property, plant and equipment (net of accumulated depreciation of $569,715,000 and $546,891,000 at 2011 and 2010, respectively)	645,278,000	652,768,000
Goodwill	248,944,000	248,939,000
Intangible assets (net of accumulated amortization of $297,956,000 and $281,590,000 at 2011 and 2010, respectively)	208,425,000	221,057,000
Other assets, net	38,372,000	38,199,000
Total assets	1,543,607,000	1,442,351,000
LIABILITIES AND PARTNERS' CAPITAL
Accounts payable	81,517,000	48,658,000
Short-term borrowings	40,464,000	67,203,000
Collateralized note payable	84,000,000	0
Other current liabilities	101,254,000	108,054,000
Total current liabilities	307,235,000	223,915,000
Long-term debt	1,037,913,000	1,111,088,000
Other liabilities	22,117,000	21,446,000
Contingencies and commitments (Note I)	0	0
Partners' capital:
Common unitholders	214,744,000	141,281,000
General partner unitholder	(57,902,000)	(58,644,000)
Accumulated other comprehensive income (loss)	15,843,000	(415,000)
Total Ferrellgas Partners, L.P. partners' capital	172,685,000	82,222,000
Noncontrolling interest	3,657,000	3,680,000
Total partners' capital	176,342,000	85,902,000
Total liabilities and partners' capital	1,543,607,000	1,442,351,000
Ferrellgas Partners Finance Corp. [Member]
ASSETS
Cash	969	969
Total assets	969	969
STOCKHOLDERS' EQUITY
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	6,670	6,131
Accumulated deficit	(6,701)	(6,162)
Total stockholder's equity	969	969
Ferrellgas, L.P. and Subsidiaries [Member]
ASSETS
Cash and cash equivalents	13,236,000	11,389,000
Accounts and notes receivable, net (including $163,897,000 and $0 of accounts receivable pledged as collateral at 2011 and 2010, respectively)	235,692,000	89,234,000
Inventories	119,724,000	166,911,000
Prepaid expenses and other current assets	33,804,000	13,832,000
Total current assets	402,456,000	281,366,000
Property, plant and equipment (net of accumulated depreciation of $569,715,000 and $546,891,000 at 2011 and 2010, respectively)	645,278,000	652,768,000
Goodwill	248,944,000	248,939,000
Intangible assets (net of accumulated amortization of $297,956,000 and $281,590,000 at 2011 and 2010, respectively)	208,425,000	221,057,000
Other assets, net	34,612,000	32,047,000
Total assets	1,539,715,000	1,436,177,000
LIABILITIES AND PARTNERS' CAPITAL
Accounts payable	81,517,000	48,658,000
Short-term borrowings	40,464,000	67,203,000
Collateralized note payable	84,000,000	0
Other current liabilities	95,170,000	104,735,000
Total current liabilities	301,151,000	220,596,000
Long-term debt	855,913,000	831,088,000
Other liabilities	22,117,000	21,446,000
Contingencies and commitments (Note I)	0	0
Partners' capital:
Common unitholders	341,034,000	359,782,000
General partner unitholder	3,482,000	3,671,000
Accumulated other comprehensive income (loss)	16,018,000	(406,000)
Total Ferrellgas Partners, L.P. partners' capital	360,534,000	363,047,000
Total partners' capital	360,534,000	363,047,000
Total liabilities and partners' capital	1,539,715,000	1,436,177,000
Ferrellgas Finance Corp. [Member]
ASSETS
Cash	1,100	1,100
Total assets	1,100	1,100
STOCKHOLDERS' EQUITY
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	35,382	27,219
Accumulated deficit	(35,282)	(27,119)
Total stockholder's equity	$ 1,100	$ 1,100

Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Apr. 30, 2011	Jul. 31, 2010
Ferrellgas Partners, L.P. [Member]
Accounts receivable pledged as collateral	$ 163,897	$ 0
Accumulated depreciation	569,715	546,891
Accumulated amortization	297,956	281,590
Common unitholders, units outstanding	75,900,760	69,521,818
General partner unitholder, units outstanding	766,674	702,241
Ferrellgas Partners Finance Corp. [Member]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000
Ferrellgas, L.P. and Subsidiaries [Member]
Accounts receivable pledged as collateral	163,897	0
Accumulated depreciation	569,715	546,891
Accumulated amortization	$ 297,956	$ 281,590
Ferrellgas Finance Corp. [Member]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References+ Details

- Definition

Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.

+ References+ Details

- Definition

The number of general partner units outstanding.

+ References+ Details

- Definition

The number of limited partner units outstanding.

+ References+ Details

Condensed Consolidated Statements of Earnings (USD $)	3 Months Ended		9 Months Ended
Condensed Consolidated Statements of Earnings (USD $)	Apr. 30, 2011	Apr. 30, 2010	Apr. 30, 2011	Apr. 30, 2010
Revenues:
Propane and other gas liquids sales	$ 647,709,000	$ 536,024,000	$ 1,790,511,000	$ 1,588,038,000
Other	84,664,000	79,266,000	183,046,000	157,174,000
Total revenues	732,373,000	615,290,000	1,973,557,000	1,745,212,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	483,101,000	355,316,000	1,299,003,000	1,060,216,000
Cost of product sold - other	60,074,000	51,132,000	111,432,000	82,520,000
Operating expense (includes $0.6 million and $0.3 million for the three months ended April 30, 2011 and 2010, respectively, and $3.8 million and $1.2 million for the nine months ended April 30, 2011 and 2010, respectively, for non-cash stock and unit-based compensation)	104,383,000	106,560,000	310,467,000	308,000,000
Depreciation and amortization expense	20,030,000	20,848,000	60,395,000	62,022,000
General and administrative expense	18,937,000	11,893,000	49,148,000	37,017,000
Equipment lease expense	3,650,000	3,259,000	10,842,000	10,160,000
Non-cash employee stock ownership plan compensation charge	2,591,000	2,698,000	7,967,000	6,961,000
Loss on disposal of assets and other	463,000	2,696,000	834,000	5,480,000
Operating income	39,144,000	60,888,000	123,469,000	172,836,000
Interest expense	(24,933,000)	(25,933,000)	(78,205,000)	(74,844,000)
Loss on extinguishment of debt	(10,513,000)	(3,408,000)	(46,962,000)	(20,716,000)
Other income (expense), net	243,000	(529,000)	509,000	(1,085,000)
Earnings (loss) before income taxes	3,941,000	31,018,000	(1,189,000)	76,191,000
Income tax expense	572,000	1,754,000	1,288,000	2,006,000
Net earnings (loss)	3,369,000	29,264,000	(2,477,000)	74,185,000
Net earnings attributable to noncontrolling interest	196,000	401,000	264,000	976,000
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	3,173,000	28,863,000	(2,741,000)	73,209,000
Less: General partner's interest in net earnings (loss)	32,000	289,000	(27,000)	732,000
Common unitholders' interest in net earnings (loss)	3,141,000	28,574,000	(2,714,000)	72,477,000
Basic and diluted net earnings (loss) per common unitholders' interest	$ 0.04	$ 0.41	$ (0.04)	$ 1.05
Cash distributions declared per common unit	$ 0.50	$ 0.50	$ 1.50	$ 1.50
Ferrellgas Partners Finance Corp. [Member]
Costs and expenses:
General and administrative expense	324	126	539	323
Net earnings (loss)	(324)	(126)	(539)	(323)
Ferrellgas, L.P. and Subsidiaries [Member]
Revenues:
Propane and other gas liquids sales	647,709,000	536,024,000	1,790,511,000	1,588,038,000
Other	84,664,000	79,266,000	183,046,000	157,174,000
Total revenues	732,373,000	615,290,000	1,973,557,000	1,745,212,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	483,101,000	355,316,000	1,299,003,000	1,060,216,000
Cost of product sold - other	60,074,000	51,132,000	111,432,000	82,520,000
Operating expense (includes $0.6 million and $0.3 million for the three months ended April 30, 2011 and 2010, respectively, and $3.8 million and $1.2 million for the nine months ended April 30, 2011 and 2010, respectively, for non-cash stock and unit-based compensation)	104,251,000	106,398,000	310,196,000	307,649,000
Depreciation and amortization expense	20,030,000	20,848,000	60,395,000	62,022,000
General and administrative expense	18,937,000	11,893,000	49,148,000	37,017,000
Equipment lease expense	3,650,000	3,259,000	10,842,000	10,160,000
Non-cash employee stock ownership plan compensation charge	2,591,000	2,698,000	7,967,000	6,961,000
Loss on disposal of assets and other	463,000	2,696,000	834,000	5,480,000
Operating income	39,276,000	61,050,000	123,740,000	173,187,000
Interest expense	(19,546,000)	(19,875,000)	(60,422,000)	(56,934,000)
Loss on extinguishment of debt	0	0	(36,449,000)	(17,308,000)
Other income (expense), net	243,000	214,000	509,000	(342,000)
Earnings (loss) before income taxes	19,973,000	41,389,000	27,378,000	98,603,000
Income tax expense	557,000	1,728,000	1,273,000	1,980,000
Net earnings (loss)	19,416,000	39,661,000	26,105,000	96,623,000
Ferrellgas Finance Corp. [Member]
Costs and expenses:
General and administrative expense	323	126	8,163	3,298
Net earnings (loss)	$ (323)	$ (126)	$ (8,163)	$ (3,298)

Condensed Consolidated Statements of Earnings (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 30, 2011	Apr. 30, 2010	Apr. 30, 2011	Apr. 30, 2010
General and Administrative Expense [Member]
Non-cash stock and unit-based compensation	$ 1.0	$ 0.7	$ 9.9	$ 3.0
General and Administrative Expense [Member] \| Ferrellgas, L.P. and Subsidiaries [Member]
Non-cash stock and unit-based compensation	1.0	0.7	9.9	3.0
Operating Expense [Member]
Non-cash stock and unit-based compensation	0.6	0.3	3.8	1.2
Operating Expense [Member] \| Ferrellgas, L.P. and Subsidiaries [Member]
Non-cash stock and unit-based compensation	$ 0.6	$ 0.3	$ 3.8	$ 1.2

- Definition

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References+ Details

Condensed Consolidated Statements of Partners' Capital (USD $)	Total	Risk management [Member]	Currency translation adjustments [Member]	Pension liability [Member]	Total Ferrellgas Partners, L.P partners' capital [Member]	Noncontrolling interest [Member]	Common unitholders [Member]	General partner unitholder [Member]	Ferrellgas, L.P. and Subsidiaries [Member]	Ferrellgas, L.P. and Subsidiaries [Member] Risk management [Member]	Ferrellgas, L.P. and Subsidiaries [Member] Currency translation adjustments [Member]	Ferrellgas, L.P. and Subsidiaries [Member] Pension liability [Member]	Ferrellgas, L.P. and Subsidiaries [Member] Common unitholders [Member]	Ferrellgas, L.P. and Subsidiaries [Member] General partner unitholder [Member]
Value at Jul. 31, 2009	$ 151,345,000	$ (989,000)	$ 22,000	$ (227,000)	$ 147,073,000	$ 4,272,000	$ 206,255,000	$ (57,988,000)
Shares at Jul. 31, 2009							68,236,800	689,300
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	11,149,000	0	0	0	11,037,000	112,000	10,927,000	110,000
Distributions	(105,839,000)	0	0	0	(104,651,000)	(1,188,000)	(103,604,000)	(1,047,000)	(117,564,000)
Common units issued in connection with acquisitions - shares							155,100	1,500
Common units issued in connection with acquisitions - value	3,123,000	0	0	0	3,092,000	31,000	3,061,000	31,000
Common unit options issued - shares							71,500	700
Common unit options issued - value	1,209,000	0	0	0	1,201,000	8,000	1,189,000	12,000
Common units issued in offering, net of issuance costs - shares							1,058,400	10,700
Common units issued in offering, net of issuance costs - value	20,355,000	0	0	0	20,151,000	204,000	19,949,000	202,000
Cash contributed by Ferrellgas Partners and general partner	311,000	0	0	0	0	311,000	0	0
Comprehensive income:
Net earnings	74,185,000	0	0	0	73,209,000	976,000	72,477,000	732,000	96,623,000
Other comprehensive income:
Net earnings on risk management derivatives		15,039,000	0	0		153,000	0	0
Reclassification of derivatives to earnings		(9,597,000)	0	0		(98,000)	0	0
Foreign currency translation adjustment		0	5,000	0			0	0
Tax effect on foreign currency translation adjustment	5,501,000	0	(1,000)	0	5,446,000		0	0
Comprehensive income	79,686,000				78,655,000	1,031,000
Value at Apr. 30, 2010	161,339,000	4,453,000	26,000	(227,000)	156,558,000	4,781,000	210,254,000	(57,948,000)
Shares at Apr. 30, 2010							69,521,800	702,200
Value at Jul. 31, 2010	85,902,000	(166,000)	24,000	(273,000)	82,222,000	3,680,000	141,281,000	(58,644,000)	363,047,000	(157,000)	24,000	(273,000)	359,782,000	3,671,000
Shares at Jul. 31, 2010							69,521,800	702,200
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	21,676,000				21,458,000	218,000	21,243,000	215,000	21,676,000	0	0	0	21,458,000	218,000
Distributions	(108,980,000)				(106,668,000)	(2,312,000)	(105,601,000)	(1,067,000)	(228,906,000)	0	0	0	(226,594,000)	(2,312,000)
Common units issued in connection with acquisitions - shares							63,500	600
Common units issued in connection with acquisitions - value	1,658,000				1,641,000	17,000	1,625,000	16,000	1,645,000	0	0	0	1,625,000	20,000
Common unit options issued - shares							40,400	400
Common unit options issued - value	476,000				473,000	3,000	468,000	5,000
Common units issued in offering, net of issuance costs - shares							6,275,100	63,400
Common units issued in offering, net of issuance costs - value	160,408,000				158,800,000	1,608,000	157,212,000	1,588,000
Cash contributed by Ferrellgas Partners and general partner									159,288,000	0	0	0	157,680,000	1,608,000
Comprehensive income:
Net earnings	(2,477,000)				(2,741,000)	264,000	(2,714,000)	(27,000)	26,105,000	0	0	0	25,841,000	264,000
Cumulative effect of change in accounting principle	1,255,000				1,242,000	13,000	1,230,000	12,000	1,255,000	0	0	0	1,242,000	13,000
Other comprehensive income:
Net earnings on risk management derivatives		24,082,000				246,000			0	24,328,000	0	0	0	0
Reclassification of derivatives to earnings		(7,825,000)				(80,000)			0	7,905,000	0	0	0	0
Foreign currency translation adjustment	16,424,000		1,000		16,258,000				16,424,000	0	1,000	0	0	0
Comprehensive income	15,202,000				14,759,000	443,000			43,784,000
Value at Apr. 30, 2011	176,342,000	16,091,000	25,000	(273,000)	172,685,000	3,657,000	214,744,000	(57,902,000)	360,534,000	16,266,000	25,000	(273,000)	341,034,000	3,482,000
Shares at Apr. 30, 2011							75,900,800	766,600
Value at Jan. 31, 2011
Comprehensive income:
Net earnings	3,369,000								19,416,000
Value at Apr. 30, 2011	$ 176,342,000								$ 360,534,000

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Condensed Consolidated Statements of Cash Flows (USD $)	Apr. 30, 2011	Apr. 30, 2010
Cash flows from operating activities:
Net earnings (loss)	$ (2,477,000)	$ 74,185,000
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization expense	60,395,000	62,022,000
Non-cash employee stock ownership plan compensation charge	7,967,000	6,961,000
Non-cash stock and unit-based compensation charge	13,709,000	4,188,000
Loss on disposal of assets	834,000	3,161,000
Loss on transfer of accounts receivable related to the accounts receivable securitization	0	6,699,000
Loss on extinguishment of debt	27,463,000	0
Provision for doubtful accounts	4,395,000	6,228,000
Deferred tax expense	362,000	247,000
Other	5,702,000	2,069,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(103,076,000)	(82,819,000)
Inventories	47,187,000	(9,732,000)
Prepaid expenses and other current assets	(1,981,000)	(2,791,000)
Accounts payable	32,596,000	21,023,000
Accrued interest expense	2,394,000	621,000
Other current liabilities	(11,359,000)	(13,097,000)
Other liabilities	289,000	1,342,000
Accounts receivable securitization:
Proceeds from new accounts receivable securitizations	0	124,000,000
Proceeds from collections reinvested in revolving period accounts receivable securitizations	0	1,104,352,000
Remittances of amounts collected as servicer of accounts receivable securitizations	0	(1,179,352,000)
Net cash provided by (used in) operating activities	84,400,000	129,307,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(5,113,000)	(40,883,000)
Capital expenditures	(36,662,000)	(33,557,000)
Proceeds from sale of assets	4,273,000	4,597,000
Other	0	(3,686,000)
Net cash used in investing activities	(37,502,000)	(73,529,000)
Cash flows from financing activities:
Distributions	(106,668,000)	(104,651,000)
Distributions	(108,980,000)	(105,839,000)
Proceeds from increase in long-term debt	552,370,000	894,274,000
Reductions in long-term debt	(649,827,000)	(807,830,000)
Net reductions in short-term borrowings	(26,739,000)	(33,312,000)
Net additions to collateralized short-term borrowings	37,000,000	0
Cash paid for financing costs	(9,655,000)	(21,413,000)
Noncontrolling interest activity	(701,000)	(665,000)
Proceeds from exercise of common unit options	468,000	1,189,000
Proceeds from equity offering, net of issuance costs	157,212,000	19,949,000
Cash contribution from general partner in connection with common unit issuances	1,591,000	202,000
Net cash provided by (used in) financing activities	(44,949,000)	(52,257,000)
Effect of exchange rate changes on cash	1,000	4,000
Increase in cash and cash equivalents	1,950,000	3,525,000
Cash and cash equivalents - beginning of period	11,401,000	7,066,000
Cash and cash equivalents - end of period	13,351,000	10,591,000
Ferrellgas Partners Finance Corp. [Member]
Cash flows from operating activities:
Net earnings (loss)	(539)	(323)
Accounts receivable securitization:
Net cash provided by (used in) operating activities	(539)	(323)
Cash flows from financing activities:
Capital contribution	539	323
Net cash provided by (used in) financing activities	539	323
Increase in cash and cash equivalents	0	0
Cash - beginning of period	969	1,000
Cash - end of period	969	1,000
Ferrellgas, L.P. and Subsidiaries [Member]
Cash flows from operating activities:
Net earnings (loss)	26,105,000	96,623,000
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization expense	60,395,000	62,022,000
Non-cash employee stock ownership plan compensation charge	7,967,000	6,961,000
Non-cash stock and unit-based compensation charge	13,709,000	4,188,000
Loss on disposal of assets	834,000	3,161,000
Loss on transfer of accounts receivable related to the accounts receivable securitization	0	6,699,000
Loss on extinguishment of debt	25,403,000	0
Provision for doubtful accounts	4,395,000	6,228,000
Deferred tax expense	362,000	247,000
Other	5,198,000	1,344,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(103,076,000)	(82,819,000)
Inventories	47,187,000	(9,732,000)
Prepaid expenses and other current assets	(1,974,000)	(3,287,000)
Accounts payable	32,596,000	21,288,000
Accrued interest expense	(450,000)	1,280,000
Other current liabilities	(11,281,000)	(13,046,000)
Other liabilities	289,000	1,342,000
Accounts receivable securitization:
Proceeds from new accounts receivable securitizations	0	124,000,000
Proceeds from collections reinvested in revolving period accounts receivable securitizations	0	1,104,352,000
Remittances of amounts collected as servicer of accounts receivable securitizations	0	(1,179,352,000)
Net cash provided by (used in) operating activities	107,659,000	151,499,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(5,131,000)	(40,914,000)
Capital expenditures	(36,662,000)	(33,557,000)
Proceeds from sale of assets	4,273,000	4,597,000
Other	0	(3,686,000)
Net cash used in investing activities	(37,520,000)	(73,560,000)
Cash flows from financing activities:
Distributions	(228,906,000)	(117,564,000)
Contributions from partners	159,291,000	51,823,000
Proceeds from increase in long-term debt	552,370,000	614,274,000
Reductions in long-term debt	(551,827,000)	(573,933,000)
Net reductions in short-term borrowings	(26,739,000)	(33,312,000)
Net additions to collateralized short-term borrowings	37,000,000	0
Cash paid for financing costs	(9,482,000)	(15,713,000)
Net cash provided by (used in) financing activities	(68,293,000)	(74,425,000)
Effect of exchange rate changes on cash	1,000	4,000
Increase in cash and cash equivalents	1,847,000	3,518,000
Cash and cash equivalents - beginning of period	11,389,000	7,050,000
Cash and cash equivalents - end of period	13,236,000	10,568,000
Ferrellgas Finance Corp. [Member]
Cash flows from operating activities:
Net earnings (loss)	(8,163)	(3,298)
Accounts receivable securitization:
Net cash provided by (used in) operating activities	(8,163)	(3,298)
Cash flows from financing activities:
Capital contribution	8,163	3,298
Net cash provided by (used in) financing activities	8,163	3,298
Increase in cash and cash equivalents	0	0
Cash - beginning of period	1,100	1,100
Cash - end of period	$ 1,100	$ 1,100

Partnership Organization and Formation	9 Months Ended
Partnership Organization and Formation	Apr. 30, 2011
Partnership Organization and Formation	A. Partnership organization and formation Ferrellgas Partners, L.P. ("Ferrellgas Partners") is a publicly traded limited partnership, owning an approximate 99% limited partner interest in Ferrellgas, L.P. (the "operating partnership"). Ferrellgas Partners and the operating partnership are collectively referred to as "Ferrellgas." Ferrellgas, Inc. (the "general partner"), a wholly-owned subsidiary of Ferrell Companies, Inc. ("Ferrell Companies"), has retained a 1% general partner interest in Ferrellgas Partners and also holds an approximate 1% general partner interest in the operating partnership, representing an effective 2% general partner interest in Ferrellgas on a combined basis. As general partner, it performs all management functions required by Ferrellgas. At April 30, 2011, Ferrell Companies beneficially owned 20.3 million of Ferrellgas Partners' outstanding common units. The condensed consolidated financial statements of Ferrellgas reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. Other than as disclosed in the following notes to the condensed consolidated financial statements, all adjustments to the condensed consolidated financial statements were of a normal, recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" and (ii) the consolidated financial statements and accompanying notes, each as set forth in Ferrellgas' Annual Report on Form 10-K for fiscal 2010.
Ferrellgas Partners Finance Corp. [Member]
Partnership Organization and Formation	A. Formation Ferrellgas Partners Finance Corp. (the "Finance Corp."), a Delaware corporation, was formed on March 28, 1996, and is a wholly-owned subsidiary of Ferrellgas Partners, L.P (the "Partnership"). The condensed financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the interim periods presented. All adjustments to the condensed financial statements were of a normal, recurring nature. The Finance Corp. has nominal assets, does not conduct any operations, has no employees and serves as co-issuer and co-obligor for debt securities of the Partnership.
Ferrellgas, L.P. and Subsidiaries [Member]
Partnership Organization and Formation	A.Partnership organization and formation Ferrellgas, L.P. is a limited partnership that owns and operates propane distribution and related assets. Ferrellgas Partners, L.P. ("Ferrellgas Partners"), a publicly traded limited partnership, owns an approximate 99% limited partner interest in, and consolidates, Ferrellgas, L.P. Ferrellgas, Inc. (the "general partner"), a wholly-owned subsidiary of Ferrell Companies, Inc. ("Ferrell Companies"), holds an approximate 1% general partner interest in Ferrellgas, L.P. and performs all management functions required by Ferrellgas, L.P. Ferrellgas, L.P. owns a 100% equity interest in Ferrellgas Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of any debt issued by Ferrellgas, L.P. The condensed consolidated financial statements of Ferrellgas, L.P. and subsidiaries reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. Other than as disclosed in the following notes to the condensed consolidated financial statements, all adjustments to the condensed consolidated financial statements were of a normal, recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" and (ii) the consolidated financial statements and accompanying notes, each as set forth in Ferrellgas, L.P.'s Annual Report on Form 10-K for fiscal 2010.
Ferrellgas Finance Corp. [Member]
Partnership Organization and Formation	A. Formation Ferrellgas Finance Corp. (the "Finance Corp."), a Delaware corporation, was formed on January 16, 2003 and is a wholly-owned subsidiary of Ferrellgas, L.P (the "Partnership"). The condensed financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the interim periods presented. All adjustments to the condensed financial statements were of a normal, recurring nature. The Finance Corp. has nominal assets, does not conduct any operations, has no employees and serves as co-issuer and co-obligor for debt securities of the Partnership.

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 323

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2196966

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 323

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6382870&loc=d3e33801-111570

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 46R

-Paragraph 4

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 860

-SubTopic 40

-Section 45

-URI http://asc.fasb.org/section&trid=2197723

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 325

-SubTopic 20

-URI http://asc.fasb.org/subtopic&trid=2197087

Reference 6: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.3A-02)

-URI http://asc.fasb.org/extlink&oid=6959686&loc=d3e355033-122828

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-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 46R

-Paragraph 4

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 140

-Paragraph 46

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Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 2-6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

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-Number 46R

-Paragraph 14, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 18

-Paragraph 5, 6, 16-19

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 18

-Paragraph 20

-Subparagraph a(2)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 96-16

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 97-2

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 18: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 3A

-Section 02, 03

Reference 19: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph k

-Article 1

+ Details

Summary of Significant Accounting Policies

9 Months Ended

Apr. 30, 2011

Summary of Significant Accounting Policies

B. Summary of significant accounting policies

(1) Nature of operations:

Ferrellgas Partners is a holding entity that conducts no operations and has two subsidiaries, Ferrellgas Partners Finance Corp. and the operating partnership. Ferrellgas Partners owns a 100% equity interest in Ferrellgas Partners Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of any debt issued by Ferrellgas Partners. The operating partnership is the only operating subsidiary of Ferrellgas Partners. Ferrellgas is a single reportable operating segment.

The operating partnership is engaged primarily in the distribution of propane and related equipment and supplies in the United States. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Therefore, the results of operations for the nine months ended April 30, 2011 and 2010 are not necessarily indicative of the results to be expected for a full fiscal year. The operating partnership serves approximately one million residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia and Puerto Rico.

(2) Accounting estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Significant estimates impacting the condensed consolidated financial statements include accruals that have been established for contingent liabilities, pending claims and legal actions arising in the normal course of business, useful lives of property, plant and equipment assets, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for doubtful accounts, fair values of derivative contracts and stock and unit-based compensation calculations.

(3) Supplemental cash flow information:

Certain cash flow and significant non-cash activities are presented below:

	For the nine months ended April 30,
	2011	2010
CASH PAID FOR:
Interest	$69,508	$66,979
Income taxes	34	942
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	1,625	3,061
Issuance of liabilities in connection with acquisitions	1,684	5,494
Property, plant and equipment additions	800	868

See Note B – Summary of significant accounting policies - (5) New accounting standards – Transfers of financial assets and variable interest entities – below for a discussion of the non-cash impact of the adoption of new accounting standards during the current year period.

(4) Accounts receivable securitization:

Through its wholly-owned and consolidated subsidiary Ferrellgas Receivables, LLC ("Ferrellgas Receivables"), the operating partnership has agreements to securitize, on an ongoing basis, a portion of its trade accounts receivable. See Note B – Summary of significant accounting policies - (5) New accounting standards – Transfers of financial assets and variable interest entities – below regarding a new accounting standard for financial asset transfers that was effective August 1, 2010.

(5) New accounting standards:

Transfers of financial assets and variable interest entities

In June 2009, the Financial Accounting Standards Board ("FASB") issued two amendments to existing GAAP, one of which eliminates the concept of a qualifying special-purpose-entity ("QSPEs"). The second amends guidance applicable to variable interest entities ("VIEs"). The provisions of these amendments require Ferrellgas to evaluate all VIEs to determine whether they must be consolidated.

As a result of the prospective adoption of these amendments on August 1, 2010, Ferrellgas Receivables is now accounted for as a consolidated subsidiary. Upon adoption, Ferrellgas recognized $107.9 million of "Accounts receivable pledged as collateral, net," $0.6 million of "Other assets, net" and $47.0 million of "Collateralized notes payable," derecognized $44.9 million of "Notes receivable from Ferrellgas Receivables" and $15.3 million of "Retained interest in Ferrellgas Receivables" and recorded a $1.3 million "Cumulative effect of a change in accounting principle."

Subsequent to adoption, expenses associated with these transactions are now recorded in "Interest expense" and are no longer recorded in "Loss on transfer of accounts receivable related to the accounts receivable securitization" or "Service income related to the accounts receivable securitization" in the condensed consolidated statements of earnings. Additionally, borrowings and repayments associated with these transactions are now recorded in "Cash flows from financing activities" and no longer recorded in "Cash flows from operating activities" in the condensed consolidated statements of cash flows. The adoption of these amendments did not have a significant impact on Ferrellgas' debt covenant agreements.

Ferrellgas, L.P. and Subsidiaries [Member]

Summary of Significant Accounting Policies

B. Summary of significant accounting policies

(1) Nature of operations:

Ferrellgas, L.P. is a single reportable operating segment engaged primarily in the distribution of propane and related equipment and supplies in the United States. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Therefore, the results of operations for the nine months ended April 30, 2011 and 2010 are not necessarily indicative of the results to be expected for a full fiscal year. Ferrellgas, L.P. serves approximately one million residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia and Puerto Rico.

(2) Accounting estimates:

(3) Supplemental cash flow information:

Certain cash flow and significant non-cash activities are presented below:

	For the nine months ended April 30,
	2011	2010
CASH PAID FOR:
Interest	$55,015	$48,547
Income taxes	19	916
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with acquisitions	1,625	3,061
Issuance of liabilities in connection with acquisitions	1,684	5,494
Property, plant and equipment additions	800	868

(4) Accounts receivable securitization:

Through its wholly-owned and consolidated subsidiary Ferrellgas Receivables, LLC ("Ferrellgas Receivables"), Ferrellgas, L.P. has agreements to securitize, on an ongoing basis, a portion of its trade accounts receivable. See Note B – Summary of significant accounting policies - (5) New accounting standards – Transfers of financial assets and variable interest entities – below regarding a new accounting standard for financial asset transfers that was effective August 1, 2010.

(5) New accounting standards:

Transfers of financial assets and variable interest entities

In June 2009, the Financial Accounting Standards Board ("FASB") issued two amendments to existing GAAP, one of which eliminates the concept of a qualifying special-purpose-entity ("QSPEs"). The second amends guidance applicable to variable interest entities ("VIEs"). The provisions of these amendments require Ferrellgas, L.P. to evaluate all VIEs to determine whether they must be consolidated.

As a result of the prospective adoption of these amendments on August 1, 2010, Ferrellgas Receivables is now accounted for as a consolidated subsidiary. Upon adoption, Ferrellgas, L.P. recognized $107.9 million of "Accounts receivable pledged as collateral, net," $0.6 million of "Other assets, net" and $47.0 million of "Collateralized notes payable," derecognized $44.9 million of "Notes receivable from Ferrellgas Receivables" and $15.3 million of "Retained interest in Ferrellgas Receivables" and recorded a $1.3 million "Cumulative effect of a change in accounting principle."

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Supplemental Financial Statement Information

9 Months Ended

Apr. 30, 2011

Supplemental Financial Statement Information

C. Supplemental financial statement information

Inventories consist of the following:

	April 30,	July 31,
	2011	2010
Propane gas and related products	$97,724	$146,805
Appliances, parts and supplies	22,000	20,106
Inventories	$119,724	$166,911

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of April 30, 2011, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 3.7 million net gallons of propane at fixed prices.

Other current liabilities consist of the following:

	April 30,	July 31,
	2011	2010
Accrued interest	$ 22,806	$ 20,412
Accrued payroll	9,590	20,464
Customer deposits and advances	13,571	23,280
Other	55,287	43,898
	$ 101,254	$108,054

Loss on disposal of assets and other consists of the following:

	For the three months ended April 30,			For the nine months ended April 30,
		2011	2010	2011	2010
Loss on disposal of assets		$ 463	$1,802	$ 834	$3,161
Loss on transfer of accounts receivable related to the accounts receivable securitization		0	2,731	0	6,699
Service income related to the accounts receivable securitization		0	(1,837)	0	(4,380)
Loss on disposal of assets and other		$463	$2,696	$834	$5,480

See Note B – Summary of significant accounting policies - (5) New accounting standards – Transfers of financial assets and variable interest entities – for a discussion of changes in accounting for accounts receivable securitization transactions.

Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:

	For the three months ended April 30,		For the nine months ended April 30,
	2011	2010	2011	2010
Operating expense	$45,596	$50,724	$135,494	$142,091
Depreciation and amortization expense	1,535	1,431	4,505	4,132
Equipment lease expense	3,206	3,438	9,656	10,677
	$50,337	$55,593	$149,655	$156,900

Ferrellgas, L.P. and Subsidiaries [Member]

Supplemental Financial Statement Information

C. Supplemental financial statement information

Inventories consist of the following:

	April 30,	July 31,
	2011	2010
Propane gas and related products	$97,724	$146,805
Appliances, parts and supplies	22,000	20,106
Inventories	$119,724	$166,911

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of April 30, 2011, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 3.7 million net gallons of propane at fixed prices.

Other current liabilities consist of the following:

	April 30,	July 31,
	2011	2010
Accrued interest	$ 16,874	$ 17,324
Accrued payroll	9,590	20,464
Customer deposits and advances	13,571	23,280
Other	55,135	43,667
Other current liabilities	$95,170	$104,735

Loss on disposal of assets and other consists of the following:

	For the three months ended April 30,			For the nine months ended April 30,
		2011	2010	2011	2010
Loss on disposal of assets		$ 463	$1,802	$ 834	$3,161
Loss on transfer of accounts receivable related to the accounts receivable securitization		0	2,731	0	6,699
Service income related to the accounts receivable securitization		0	(1,837)	0	(4,380)
Loss on disposal of assets and other		$463	$2,696	$834	$5,480

Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:

	For the three months ended April 30,		For the nine months ended April 30,
	2011	2010	2011	2010
Operating expense	$45,596	$50,724	$135,494	$142,091
Depreciation and amortization expense	1,535	1,431	4,505	4,132
Equipment lease expense	3,206	3,438	9,656	10,677
	$50,337	$55,593	$149,655	$156,900

Accounts and Notes Receivable, Net and Accounts Receivable Securitization

9 Months Ended

Apr. 30, 2011

Accounts and Notes Receivable, Net and Accounts Receivable Securitization

D. Accounts and notes receivable, net and accounts receivable securitization

Accounts and notes receivable, net consist of the following:

	April 30,	July 31,
	2011	2010
Accounts receivable pledged as collateral	$163,897	$ 0
Accounts receivable	76,132	33,725
Note receivable from Ferrellgas Receivables	0	44,927
Retained interest in Ferrellgas Receivables	0	15,323
Other	315	269
Less: Allowance for doubtful accounts	(4,652)	(5,010)
Accounts and notes receivable, net	$235,692	$89,234

See Note B – Summary of significant accounting policies - (5) New accounting standards - Transfers of financial assets and variable interest entities - for a discussion of amendments to existing GAAP which required Ferrellgas to begin consolidating its previously unconsolidated QSPE, Ferrellgas Receivables, effective August 1, 2010. Upon consolidation, Ferrellgas now recognizes accounts receivable that have been sold by the operating partnership to Ferrellgas Receivables as "Accounts receivable pledged as collateral" and eliminates the previously recognized "Note receivable from Ferrellgas Receivables" and "Retained interest in Ferrellgas Receivables."

The operating partnership, through Ferrellgas Receivables, securitizes a portion of its trade accounts receivable through a commercial paper conduit for proceeds of up to $145.0 million. At April 30, 2011, $163.9 million of trade accounts receivable were pledged as collateral against $84.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from the operating partnership. The operating partnership does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

The operating partnership structured Ferrellgas Receivables in order to facilitate securitization transactions while complying with Ferrellgas' various debt covenants. If the covenants were compromised, funding from the facility could be restricted or suspended, or its costs could increase. As of April 30, 2011, the operating partnership had received cash proceeds of $84.0 million from trade accounts receivables securitized, with the ability to receive proceeds of an additional $21.0 million. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 3.1% as of April 30, 2011

Ferrellgas, L.P. and Subsidiaries [Member]

Accounts and Notes Receivable, Net and Accounts Receivable Securitization

D. Accounts and notes receivable, net and accounts receivable securitization

Accounts and notes receivable, net consist of the following:

	April 30,	July 31,
	2011	2010
Accounts receivable pledged as collateral	$163,897	$ 0
Accounts receivable	76,132	33,725
Note receivable from Ferrellgas Receivables	0	44,927
Retained interest in Ferrellgas Receivables	0	15,323
Other	315	269
Less: Allowance for doubtful accounts	(4,652)	(5,010)
Accounts and notes receivable, net	$235,692	$89,234

See Note B – Summary of significant accounting policies - (5) New accounting standards - Transfers of financial assets and variable interest entities - for a discussion of amendments to existing GAAP which required Ferrellgas, L.P. to begin consolidating its previously unconsolidated QSPE, Ferrellgas Receivables, effective August 1, 2010. Upon consolidation, Ferrellgas, L.P. now recognizes accounts receivable that have been sold to Ferrellgas Receivables as "Accounts receivable pledged as collateral" and eliminates the previously recognized "Note receivable from Ferrellgas Receivables" and "Retained interest in Ferrellgas Receivables."

Ferrellgas, L.P., through Ferrellgas Receivables, securitizes a portion of its trade accounts receivable through a commercial paper conduit for proceeds of up to $145.0 million. At April 30, 2011, $163.9 million of trade accounts receivable were pledged as collateral against $84.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from Ferrellgas, L.P. Ferrellgas, L.P. does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

Ferrellgas, L.P. structured Ferrellgas Receivables in order to facilitate securitization transactions while complying with Ferrellgas, L.P.'s various debt covenants. If the covenants were compromised, funding from the facility could be restricted or suspended, or its costs could increase. As of April 30, 2011, Ferrellgas, L.P. had received cash proceeds of $84.0 million from trade accounts receivables securitized, with the ability to receive proceeds of an additional $21.0 million. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 3.1% as of April 30, 2011.

- Definition

The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 7

-Article 9

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 01-6

-Paragraph 13

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph k

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524

+ Details

Debt

9 Months Ended

Apr. 30, 2011

Debt

E. Debt

Short-term borrowings

Ferrellgas classified a portion of its secured credit facility borrowings as short-term because it was used to fund working capital needs that management had intended to pay down within the 12 month period following each balance sheet date. As of April 30, 2011 and July 31, 2010, $40.5 million and $67.2 million, respectively, were classified as short-term borrowings. For further discussion see the secured credit facility section below.

Long-term debt

Long-term debt consists of the following:

	April 30,	July 31,
	2011	2010
Senior notes
Fixed rate, 6.50%, due 2021	$ 500,000	$ 0
Fixed rate, 6.75%, due 2014, net of unamortized discount of $21,974 at July 31, 2010	0	428,026
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,575 and $3,870 at April 30, 2011 and July 31, 2010, respectively	296,425	296,130
Fixed rate, 8.625%, due 2020	182,000	280,000

Secured credit facility, variable interest rate, expiring November 2012 (net of $40.5 million and $67.2 million classified as short-term borrowings at April 30, 2011 and July 31, 2010, respectively)	52,136	99,797

Notes payable, 8.8% and 9.5% weighted average interest rate at April 30, 2011 and July 31, 2010, respectively, due 2011 to 2020, net of unamortized discount of $2,765 and $2,876 at April 30, 2011 and July 31, 2010, respectively	10,009	9,475
	1,040,570	1,113,428
Less: current portion, included in other current liabilities on the condensed consolidated balance sheets	2,657	2,340
Long-term debt	$1,037,913	$1,111,088

Senior notes

During November 2010, the operating partnership issued $500.0 million in aggregate principal amount of new 6.50% senior notes due 2021 at an offering price equal to par. The operating partnership received $491.3 million of net proceeds after deducting expenses of the offering. These proceeds were used to redeem all of its $450.0 million 6.75% fixed rate senior notes due 2014, to fund the related $11.1 million make-whole payments and to pay $2.4 million of accrued interest. The remaining proceeds were used to reduce outstanding indebtedness under the secured credit facility. This debt redemption transaction also resulted in $25.3 million of non-cash write-offs of unamortized discount on debt and related capitalized debt costs.

During March 2011, Ferrellgas Partners redeemed $98.0 million of its $280.0 million 8.625% fixed rate senior notes due 2020, paid an $8.4 million make-whole payment and paid $2.4 million of accrued interest. This debt redemption transaction also resulted in $2.2 million of the non-cash write-off of related capitalized debt costs.

Secured credit facility

Ferrellgas' secured credit facility provides $400.0 million in revolving credit for loans and has a $200.0 million sublimit for letters of credit. This credit facility matures in November 2012.

The secured credit facility contains various affirmative and negative covenants and default provisions, as well as requirements with respect to the maintenance of specified financial ratios and limitations on the making of loans and investments.

As of April 30, 2011, Ferrellgas had total borrowings outstanding under its secured credit facility of $92.6 million, of which $52.1 million was classified as long-term debt. As of July 31, 2010, Ferrellgas had total borrowings outstanding under its secured credit facility of $167.0 million, of which $99.8 million was classified as long-term debt.

Borrowings under the secured credit facility had a weighted average interest rate of 5.04% at April 30, 2011. All borrowings under the secured credit facility bear interest, at Ferrellgas' option, at a rate equal to either:

·for Base Rate Loans or Swing Line Loans, the Base Rate, which is defined as the higher of i) the federal funds rate plus 0.50%, ii) Bank of America's prime rate; or iii) the Eurodollar Rate plus 1%; plus a margin varying from 2.50% to 3.25% (as of April 30, 2011, the margin was 3.00%); or

·for Eurodollar Rate Loans, the Eurodollar Rate, which is defined as the LIBOR Rate plus a margin varying from 3.50% to 4.25% (as of April 30, 2011, the margin was 4.00%).

As of April 30, 2011, the federal funds rate and Bank of America's prime rate were 0.09% and 3.25%, respectively. As of April 30, 2011, the one-month and three-month Eurodollar Rates were 0.25% and 0.38%, respectively.

In addition, an annual commitment fee is payable at a per annum rate of 0.50% times the actual daily amount by which the facility exceeds the sum of (i) the outstanding amount of revolving credit loans and (ii) the outstanding amount of letter of credit obligations.

The obligations under this credit facility are secured by substantially all assets of the operating partnership, the general partner and certain subsidiaries of the operating partnership but specifically excluding (a) assets that are subject to the operating partnership's accounts receivable securitization facility, (b) the general partner's equity interest in Ferrellgas Partners and (c) equity interest in certain unrestricted subsidiaries. Such obligations are also guaranteed by the general partner and certain subsidiaries of the operating partnership.

Letters of credit outstanding at April 30, 2011 totaled $47.6 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. Letters of credit outstanding at July 31, 2010 totaled $47.1 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. At April 30, 2011, Ferrellgas had available letter of credit remaining capacity of $152.4 million. At July 31, 2010, Ferrellgas had available letter of credit remaining capacity of $152.9 million.

The scheduled annual principal payments on long-term debt are as follows:

For the fiscal year ending July 31,	Scheduled annual principal payments
2011	$540
2012	2,497
2013	54,097
2014	1,974
2015	1,893
Thereafter	985,909
Total	$1,046,910

The carrying amount of short-term financial instruments approximates fair value because of the short maturity of the instruments. The estimated fair value of Ferrellgas' long-term debt instruments was $1,120.8 million and $1,231.8 million as of April 30, 2011 and July 31, 2010, respectively. The fair value is estimated based on quoted market prices.

See Note E – Debt - Senior notes and Note F – Partners' capital – Common unit issuances for discussion about the effect of equity and debt issuances and senior note and secured credit facility repayments on scheduled annual principal payments.

Ferrellgas, L.P. and Subsidiaries [Member]

Debt

E. Debt

Short-term borrowings

Ferrellgas, L.P. classified a portion of its secured credit facility borrowings as short-term because it was used to fund working capital needs that management had intended to pay down within the 12 month period following each balance sheet date. As of April 30, 2011 and July 31, 2010, $40.5 million and $67.2 million, respectively, were classified as short-term borrowings. For further discussion see the secured credit facility section below.

Long-term debt

Long-term debt consists of the following:

	April 30,	July 31,
	2011	2010
Senior notes
Fixed rate, 6.50%, due 2021	$ 500,000	$ 0
Fixed rate, 6.75%, due 2014, net of unamortized discount of $21,974 at July 31, 2010	0	428,026
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,575 and $3,870 at April 30, 2011 and July 31, 2010, respectively	296,425	296,130

Secured credit facility, variable interest rate, expiring November 2012 (net of $40.5 million and $67.2 million classified as short-term borrowings at April 30, 2011 and July 31, 2010, respectively)	52,136	99,797

Notes payable, 8.8% and 9.5% weighted average interest rate at April 30, 2011 and July 31, 2010, respectively, due 2011 to 2020, net of unamortized discount of $2,765 and $2,876 at April 30, 2011 and July 31, 2010, respectively	10,009	9,475
	858,570	833,428
Less: current portion, included in other current liabilities on the condensed consolidated balance sheets	2,657	2,340
Long-term debt	$855,913	$831,088

Senior notes

During November 2010, Ferrellgas, L.P. issued $500.0 million in aggregate principal amount of new 6.50% senior notes due 2021 at an offering price equal to par. Ferrellgas, L.P. received $491.3 million of net proceeds after deducting expenses of the offering. These proceeds were used to redeem all of its $450.0 million 6.75% fixed rate senior notes due 2014, to fund the related $11.1 million make-whole payments and to pay $2.4 million of accrued interest. The remaining proceeds were used to reduce outstanding indebtedness under the secured credit facility. This debt redemption transaction also resulted in $25.3 million of non-cash write-offs of unamortized discount on debt and related capitalized debt costs.

Secured credit facility

Ferrellgas, L.P.'s secured credit facility provides $400.0 million in revolving credit for loans and has a $200.0 million sublimit for letters of credit. This credit facility matures in November 2012.

As of April 30, 2011, Ferrellgas, L.P. had total borrowings outstanding under its secured credit facility of $92.6 million, of which $52.1 million was classified as long-term debt. As of July 31, 2010, Ferrellgas, L.P. had total borrowings outstanding under its secured credit facility of $167.0 million, of which $99.8 million was classified as long-term debt.

·for Eurodollar Rate Loans, the Eurodollar Rate, which is defined as the LIBOR Rate plus a margin varying from 3.50% to 4.25% (as of April 30, 2011, the margin was 4.00%).

The obligations under this credit facility are secured by substantially all assets of Ferrellgas, L.P., the general partner and certain subsidiaries of Ferrellgas, L.P. but specifically excluding (a) assets that are subject to Ferrellgas, L.P.'s accounts receivable securitization facility, (b) the general partner's equity interest in Ferrellgas Partners and (c) equity interest in certain unrestricted subsidiaries. Such obligations are also guaranteed by the general partner and certain subsidiaries of Ferrellgas, L.P.

Letters of credit outstanding at April 30, 2011 totaled $47.6 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. Letters of credit outstanding at July 31, 2010 totaled $47.1 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. At April 30, 2011, Ferrellgas, L.P. had available letter of credit remaining capacity of $152.4 million. At July 31, 2010, Ferrellgas, L.P. had available letter of credit remaining capacity of $152.9 million.

The scheduled annual principal payments on long-term debt are as follows:

For the fiscal year ending July 31,	Scheduled annual principal payments
2011	$540
2012	2,497
2013	54,097
2014	1,974
2015	1,893
Thereafter	803,909
Total	$864,910

The carrying amount of short-term financial instruments approximates fair value because of the short maturity of the instruments. The estimated fair value of Ferrellgas, L.P.'s long-term debt instruments was $924.7 million and $940.6 million as of April 30, 2011 and July 31, 2010, respectively. The fair value is estimated based on quoted market prices.

See Note E – Debt - Senior notes and Note F – Partners' capital – Partnership contributions for discussion about the effect of equity and debt issuances and senior note and secured credit facility repayments on scheduled annual principal payments.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Partners' Capital

9 Months Ended

Apr. 30, 2011

Partners' Capital

F. Partners' capital

Common unit issuances

During November 2010, Ferrellgas Partners entered into an agreement with an institutional investor relating to a non-brokered registered direct offering of 1.2 million common units. Net proceeds of approximately $30.0 million were used to reduce outstanding indebtedness under the operating partnership's secured credit facility.

During the three months ended April 30, 2011, Ferrellgas Partners completed a registered public offering of 5.1 million common units representing limited partner interests. This transaction was comprised of both an original offering of 4.4 million common units and an over-allotment offering of 0.7 million common units. Net proceeds of approximately $127.3 million were used to redeem $98.0 million of its $280.0 million 8.625% fixed rate senior notes due 2020, to pay the related $8.4 million make-whole payment, to pay $2.4 million of accrued interest and to reduce outstanding indebtedness under the operating partnership's secured credit facility.

During the nine months ended April 30, 2011, Ferrellgas Partners issued $1.6 million of common units in connection with acquisitions.

Partnership distributions paid

Ferrellgas Partners has paid the following distributions:

	For the three months ended April 30,		For the nine months ended April 30,
	2011	2010	2011	2010
Public common unitholders	$23,072	$22,421	$ 68,578	$ 66,582
Ferrell Companies (1)	10,040	10,040	30,120	30,121
FCI Trading Corp. (2)	98	98	294	294
Ferrell Propane, Inc. (3)	27	26	78	77
James E. Ferrell (4)	2,177	2,176	6,531	6,530
General partner	358	351	1,067	1,047
	$35,772	$35,112	$106,668	$104,651

(1)Ferrell Companies is the owner of the general partner and a 26% owner of Ferrellgas Partner's common units and thus a related party.

(2)FCI Trading Corp. ("FCI Trading") is an affiliate of the general partner and thus a related party.

(3)Ferrell Propane, Inc. ("Ferrell Propane") is controlled by the general partner and thus a related party.

(4)James E. Ferrell is the Executive Chairman and Chairman of the Board of Directors of the general partner and thus a related party.

On May 25, 2011, Ferrellgas Partners declared a cash distribution of $0.50 per common unit for the three months ended April 30, 2011, which is expected to be paid on June 14, 2011.

Included in this cash distribution are the following amounts expected to be paid to related parties:

Ferrell Companies	$10,040
FCI Trading Corp.	98
Ferrell Propane, Inc.	26
James E. Ferrell	2,177
General partner	383

See additional discussions about transactions with related parties in Note H – Transactions with related parties.

Other comprehensive income ("OCI")

See Note G – Derivatives – for details regarding changes in fair value on risk management financial derivatives recorded within OCI for the nine months ended April 30, 2011.

General partner's commitment to maintain its capital account

Ferrellgas' partnership agreements allows the general partner to have an option to maintain its effective 2% general partner interest concurrent with the issuance of other additional equity.

During the nine months ended April 30, 2011, the general partner made cash contributions of $3.2 million and non-cash contributions of $0.4 million to Ferrellgas to maintain its effective 2% general partner interest.

Ferrellgas, L.P. and Subsidiaries [Member]

Partners' Capital

F. Partners' capital

Partnership contributions

During the nine months ended April 30, 2011, Ferrellgas Partners, L.P. contributed $157.7 million of proceeds from equity offerings to Ferrellgas, L.P. Ferrellgas, L.P. used these proceeds to reduce outstanding indebtedness under its secured credit facility. Ferrellgas, L.P. then distributed $107.9 million of these proceeds to Ferrellgas Partners, L.P. to fund the redemption of $98.0 million of Ferrellgas Partners, L.P.'s $280.0 million 8.625% fixed rate senior notes due 2020 and related make-whole and interest payments.

During the nine months ended April 30, 2011, Ferrellgas, L.P. received asset contributions of $1.6 million in connection with acquisitions

Partnership distributions paid

Ferrellgas, L.P. has paid the following distributions:

	For the three months ended April 30,		For the nine months ended April 30,
	2011	2010	2011	2010
Ferrellgas Partners	$143,623	$35,112	$226,594	$116,376
General partner	1,465	359	2,312	1,188
	$145,088	$35,471	$228,906	$117,564

On May 25, 2011, Ferrellgas, L.P. declared distributions for the three months ended April 30, 2011 to Ferrellgas Partners and the general partner of $46.2 million and $0.5 million, respectively, which is expected to be paid on June 14, 2011.

See additional discussions about transactions with related parties in Note H – Transactions with related parties.

Other comprehensive income ("OCI")

See Note G – Derivatives – for details regarding changes in fair value on risk management financial derivatives recorded within OCI for the nine months ended April 30, 2011.

General partner's commitment to maintain its capital account

Ferrellgas, L.P.'s partnership agreement allows the general partner to have an option to maintain its 1.0101% general partner interest concurrent with the issuance of other additional equity.

During the nine months ended April 30, 2011, the general partner made cash contributions of $1.6 million and non-cash contributions of $0.2 million to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

- Definition

The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units.

+ References+ Details

Derivatives

9 Months Ended

Apr. 30, 2011

Derivatives

G. Derivatives

Commodity Price Risk Management

Ferrellgas' risk management activities primarily attempt to mitigate price risks related to the purchase, storage, transport and sale of propane generally in the contract and spot markets from major domestic energy companies on a short-term basis. Ferrellgas attempts to mitigate these price risks through the use of financial derivative instruments and forward propane purchase and sales contracts.

Ferrellgas' risk management strategy involves taking positions in the forward or financial markets that are equal and opposite to Ferrellgas' positions in the physical products market in order to minimize the risk of financial loss from an adverse price change. This risk management strategy is successful when Ferrellgas' gains or losses in the physical product markets are offset by its losses or gains in the forward or financial markets. These financial derivatives are designated as cash flow hedges.

Ferrellgas' risk management activities include the use of financial derivative instruments including, but not limited to, price swaps, options, futures and basis swaps to seek protection from adverse price movements and to minimize potential losses. Ferrellgas enters into these financial derivative instruments directly with third parties in the over-the-counter market and with brokers who are clearing members with the New York Mercantile Exchange. Ferrellgas also enters into forward propane purchase and sales contracts with counterparties. These forward contracts qualify for the normal purchase normal sales exception within GAAP guidance and are therefore not recorded by Ferrellgas prior to settlement on its financial statements.

Cash Flow Hedging Activity

Ferrellgas uses financial derivative instruments for risk management purposes to hedge a portion of its exposure to market fluctuations in propane prices. These financial derivative instruments are designated as cash flow hedging instruments, thus the effective portions of changes in the fair value of the financial derivatives are recorded in OCI prior to settlement and are subsequently recognized in the condensed consolidated statements of earnings in "Cost of product sold – propane and other gas liquids sales" when the forward or forecasted propane sales transaction impacts earnings. The effectiveness of cash flow hedges is evaluated at inception and on an on-going basis. Changes in the fair value of cash flow hedges due to hedge ineffectiveness, if any, are recognized in "Cost of product sold – propane and other gas liquids sales." During the nine months ended April 30, 2011 and 2010, Ferrellgas did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of the financial derivative contract gain or loss from the assessment of hedge effectiveness related to these cash flow hedges.

The fair value of the financial derivative instruments below are included within "Prepaid expenses and other current assets" and "Other current liabilities" on the condensed consolidated balance sheets:

April 30,

2011

July 31,

2010

Derivatives – Price risk management assets

$19,938

$1,882

Derivatives – Price risk management liabilities

3,672

2,039

Ferrellgas had the following cash flow hedge activity included in OCI in the condensed consolidated statements of partners' capital:

	For the nine months ended April 30,
	2011	2010
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$24,328	$15,192
Reclassification of net gains originally recorded within OCI to Cost of product sold – propane and other gas liquids	7,905	9,695

Ferrellgas expects to reclassify net gains of approximately $16.3 million to earnings during the next 12 months. These net gains are expected to be offset by margins on propane sales commitments Ferrellgas has with its customers that qualify for the normal purchase normal sales exception.

During the nine months ended April 30, 2011 and 2010, Ferrellgas had no reclassifications to earnings resulting from discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of April 30, 2011, Ferrellgas had financial derivative contracts covering 0.8 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

During the nine months ended April 30, 2011 and 2010, four counterparties represented 82% and 76%, respectively, of net settled cash flow hedging positions reported in "Cost of product sold – propane and other gas liquids sales." During the nine months ended April 30, 2011 and 2010, Ferrellgas neither held nor entered into financial derivative contracts that contained credit risk related contingency features.

In accordance with GAAP, Ferrellgas determines the fair value of its assets and liabilities subject to fair value measurement by using the highest possible "Level" as defined within the GAAP hierarchy. The three levels defined by the GAAP hierarchy are as follows:

·Level 1 – Quoted prices available in active markets for identical assets or liabilities.

·Level 2 – Pricing inputs not quoted in active markets but either directly or indirectly observable.

·Level 3 – Significant inputs to pricing that have little or no transparency with inputs requiring significant management judgment or estimation.

Ferrellgas considers over-the-counter derivative instruments entered into directly with third parties as Level 2 valuation since the values of these derivatives are quoted by third party brokers and are on an exchange for similar transactions. The market prices used to value Ferrellgas' derivatives have been determined using independent third party prices, readily available market information, broker quotes, and appropriate valuation techniques.

At April 30, 2011 and July 31, 2010, all derivative assets and liabilities qualified for classification as Level 2 - other observable inputs as defined by the GAAP hierarchy. All financial derivatives assets and liabilities were non-trading positions.

Ferrellgas, L.P. and Subsidiaries [Member]

Derivatives

G. Derivatives

Commodity Price Risk Management

Ferrellgas, L.P.'s risk management activities primarily attempt to mitigate price risks related to the purchase, storage, transport and sale of propane generally in the contract and spot markets from major domestic energy companies on a short-term basis. Ferrellgas, L.P. attempts to mitigate these price risks through the use of financial derivative instruments and forward propane purchase and sales contracts.

Ferrellgas, L.P.'s risk management strategy involves taking positions in the forward or financial markets that are equal and opposite to Ferrellgas, L.P.'s positions in the physical products market in order to minimize the risk of financial loss from an adverse price change. This risk management strategy is successful when Ferrellgas, L.P.'s gains or losses in the physical product markets are offset by its losses or gains in the forward or financial markets. These financial derivatives are designated as cash flow hedges.

Ferrellgas, L.P.'s risk management activities include the use of financial derivative instruments including, but not limited to, price swaps, options, futures and basis swaps to seek protection from adverse price movements and to minimize potential losses. Ferrellgas, L.P. enters into these financial derivative instruments directly with third parties in the over-the-counter market and with brokers who are clearing members with the New York Mercantile Exchange. Ferrellgas, L.P. also enters into forward propane purchase and sales contracts with counterparties. These forward contracts qualify for the normal purchase normal sales exception within GAAP guidance and are therefore not recorded by Ferrellgas, L.P. prior to settlement on its financial statements.

Cash Flow Hedging Activity

Ferrellgas, L.P. uses financial derivative instruments for risk management purposes to hedge a portion of its exposure to market fluctuations in propane prices. These financial derivative instruments are designated as cash flow hedging instruments, thus the effective portions of changes in the fair value of the financial derivatives are recorded in OCI prior to settlement and are subsequently recognized in the condensed consolidated statements of earnings in "Cost of product sold – propane and other gas liquids sales" when the forward or forecasted propane sales transaction impacts earnings. The effectiveness of cash flow hedges is evaluated at inception and on an on-going basis. Changes in the fair value of cash flow hedges due to hedge ineffectiveness, if any, are recognized in "Cost of product sold – propane and other gas liquids sales." During the nine months ended April 30, 2011 and 2010, Ferrellgas, L.P. did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of the financial derivative contract gain or loss from the assessment of hedge effectiveness related to these cash flow hedges.

April 30,

2011

July 31,

2010

Derivatives – Price risk management assets

$19,938

$1,882

Derivatives – Price risk management liabilities

3,672

2,039

Ferrellgas, L.P. had the following cash flow hedge activity included in OCI in the condensed consolidated statement of partners' capital:

	For the nine months ended April 30,
	2011	2010
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$24,328	$15,192
Reclassification of net gains originally recorded within OCI to Cost of product sold – propane and other gas liquids	7,905	9,695

Ferrellgas, L.P. expects to reclassify net gains of approximately $16.3 million to earnings during the next 12 months. These net gains are expected to be offset by margins on propane sales commitments Ferrellgas, L.P. has with its customers that qualify for the normal purchase normal sales exception.

During the nine months ended April 30, 2011 and 2010, Ferrellgas, L.P. had no reclassifications to earnings resulting from discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of April 30, 2011, Ferrellgas, L.P. had financial derivative contracts covering 0.8 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

During the nine months ended April 30, 2011 and 2010, four counterparties represented 82% and 76%, respectively, of net settled cash flow hedging positions reported in "Cost of product sold – propane and other gas liquids sales." During the nine months ended April 30, 2011 and 2010, Ferrellgas, L.P. neither held nor entered into financial derivative contracts that contained credit risk related contingency features.

In accordance with GAAP, Ferrellgas, L.P. determines the fair value of its assets and liabilities subject to fair value measurement by using the highest possible "Level" as defined within the GAAP hierarchy. The three levels defined by the GAAP hierarchy are as follows:

·Level 1 – Quoted prices available in active markets for identical assets or liabilities.

·Level 2 – Pricing inputs not quoted in active markets but either directly or indirectly observable.

·Level 3 – Significant inputs to pricing that have little or no transparency with inputs requiring significant management judgment or estimation.

Ferrellgas, L.P. considers over-the-counter derivative instruments entered into directly with third parties as Level 2 valuation since the values of these derivatives are quoted by third party brokers and are on an exchange for similar transactions. The market prices used to value Ferrellgas, L.P.'s derivatives have been determined using independent third party prices, readily available market information, broker quotes, and appropriate valuation techniques.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4H

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624258-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5708775-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41641-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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+ Details

Transactions with Related Parties

9 Months Ended

Apr. 30, 2011

Transactions with Related Parties

H. Transactions with related parties

General partner

Ferrellgas has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas' partnership agreements, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas and all other necessary or appropriate expenses allocable to Ferrellgas or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas' business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas' behalf and are reported in the condensed consolidated statements of earnings as follows:

	For the three months ended April 30,		For the nine months ended April 30,
	2011	2010	2011	2010
Operating expense	$50,342	$57,690	$158,857	$169,642
General and administrative expense	4,172	6,442	16,344	18,624

See additional discussions about transactions with the general partner and related parties in Note F – Partners' capital.

Board of Directors

Elizabeth Solberg, a member of the general partner's Board of Directors, serves as the General Manager of Fleishman-Hillard Inc. During the three months ended April 30, 2011 and 2010, Ferrellgas paid Fleishman-Hillard Inc. $42 thousand and $50 thousand, respectively, for marketing and communications services. During the nine months ended April 30, 2011 and 2010, Ferrellgas paid Fleishman-Hillard Inc. $107 thousand and $142 thousand, respectively, for marketing and communications services.

Ferrellgas, L.P. and Subsidiaries [Member]

Transactions with Related Parties

H. Transactions with related parties

General partner

Ferrellgas, L.P. has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas, L.P.'s partnership agreement, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas, L.P., and all other necessary or appropriate expenses allocable to Ferrellgas, L.P. or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas, L.P.'s business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas, L.P.'s behalf and are reported in the condensed consolidated statements of earnings as follows:

	For the three months ended April 30,		For the nine months ended April 30,
	2011	2010	2011	2010
Operating expense	$50,342	$57,690	$158,857	$169,642
General and administrative expense	4,172	6,442	16,344	18,624

See additional discussions about transactions with the general partner and related parties in Note F – Partners' capital.

Board of Directors

Elizabeth Solberg, a member of the general partner's Board of Directors, serves as the General Manager of Fleishman–Hillard Inc. During the three months ended April 30, 2011 and 2010, Ferrellgas, L.P. paid Fleishman-Hillard Inc. $42 thousand and $50 thousand, respectively for marketing and communications services. During the nine months ended April 30, 2011 and 2010, Ferrellgas, L.P. paid Fleishman-Hillard Inc. $107 thousand and $142 thousand, respectively, for marketing and communications services.

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph k

Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Number 210

-Article 3A

-Section 04

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 1-4

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+ Details

Contingencies	9 Months Ended
Contingencies	Apr. 30, 2011
Contingencies	I. Contingencies Ferrellgas' operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane. As a result, at any given time, Ferrellgas is threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, Ferrellgas is not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on the financial condition, results of operations and cash flows of Ferrellgas. Ferrellgas has been named as a defendant in lawsuits filed in multiple federal and state courts that seek to certify nationwide or statewide classes related to its Blue Rhino branded propane tank exchange activities. The plaintiffs in each case generally allege that Ferrellgas failed to inform consumers of the amount of propane contained in propane tanks they purchased and that Ferrellgas violated anti-trust laws by allegedly conspiring with a competitor. The federal cases have been coordinated for multidistrict treatment in the United States District Court for the Western District of Missouri. Ferrellgas believes these claims will not have a material impact beyond the $10.0 million litigation accrual established for these claims during the current year period. Ferrellgas has also been named as a defendant in a class action lawsuit filed in the United States District Court in Kansas. The complaint alleges that Ferrellgas violates consumer protection laws in the manner Ferrellgas sets prices and fees for its customers. Based on Ferrellgas' business practices, Ferrellgas believes that the claims are without merit and intends to defend the claims vigorously.
Ferrellgas, L.P. and Subsidiaries [Member]
Contingencies	I. Contingencies Ferrellgas, L.P.'s operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane. As a result, at any given time, Ferrellgas, L.P. is threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, Ferrellgas, L.P. is not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on the financial condition, results of operations and cash flows of Ferrellgas, L.P. Ferrellgas, L.P. has been named as a defendant in lawsuits filed in multiple federal and state courts that seek to certify nationwide or statewide classes related to its Blue Rhino branded propane tank exchange activities. The plaintiffs in each case generally allege that Ferrellgas, L.P. failed to inform consumers of the amount of propane contained in propane tanks they purchased and that Ferrellgas, L.P. violated anti-trust laws by allegedly conspiring with a competitor. The federal cases have been coordinated for multidistrict treatment in the United States District Court for the Western District of Missouri. Ferrellgas, L.P. believes these claims will not have a material impact beyond the $10.0 million litigation accrual established for these claims during the current year period. Ferrellgas, L.P. has also been named as a defendant in a class action lawsuit filed in the United States District Court in Kansas. The complaint alleges that Ferrellgas, L.P. violates consumer protection laws in the manner Ferrellgas, L.P. sets prices and fees for its customers. Based on Ferrellgas, L.P.'s business practices, Ferrellgas, L.P. believes that the claims are without merit and intends to defend the claims vigorously.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 14

-Paragraph 3

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 9, 10, 11, 12

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 210

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-Paragraph 1

-Subparagraph (SX 210.5-02.25)

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-Name Accounting Standards Codification

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+ Details

Net Earnings (Loss) per Common Unitholders' Interest

9 Months Ended

Apr. 30, 2011

Net Earnings (Loss) per Common Unitholders' Interest

Net Earnings (Loss) per Common Unitholders' Interest

J. Net earnings (loss) per common unitholders' interest

Below is a calculation of the basic and diluted net earnings (loss) per common unitholders' interest in the condensed consolidated statements of earnings for the periods indicated. In accordance with guidance issued by the FASB regarding participating securities and the two-class method, Ferrellgas calculates net earnings per common unitholders' interest for each period presented according to distributions declared and participation rights in undistributed earnings, as if all of the earnings for the period had been distributed. In periods with undistributed earnings above certain levels, the calculation according to the two-class method results in an increased allocation of undistributed earnings to the general partner and a dilution of the earnings to the limited partners. Due to the seasonality of the propane business, the dilution effect of the guidance on the two-class method typically impacts only the three months ending January 31. There was not a dilutive effect resulting from this guidance on basic and diluted net earnings per common unitholders' interest for the three and nine months ended April 30, 2011 and 2010.

In periods with net losses, the allocation of the net losses to the limited partners and the general partner will be determined based on the same allocation basis specified in the Ferrellgas Partners' partnership agreement that would apply to periods in which there were no undistributed earnings. Additionally, in periods with net losses, there are no dilutive securities.

	For the three months ended April 30,		For the nine months ended April 30,
	2011	2010	2011	2010

Common unitholders' interest in net earnings (loss)	$3,141	$28,574	$(2,714)	$72,477

Weighted average common units outstanding (in thousands)	73,145.6	69,495.2	71,102.5	69,147.4
Dilutive securities	112.6	129.7	0.0	131.5
Weighted average common units outstanding plus dilutive securities	73,258.2	69,624.9	71,102.5	69,278.9

Basic and diluted net earnings (loss) per common unitholders' interest	$0.04	$0.41	$(0.04)	$1.05

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Commitment	9 Months Ended
Commitment	Apr. 30, 2011
Ferrellgas Finance Corp. [Member]
Commitment	B. Commitment During November, 2010, the Partnership issued $500.0 million in aggregate principal amount of new 6.50% senior notes due 2021 at an offering price equal to par. Net proceeds were used to redeem all of its $450.0 million 6.75% fixed rate senior notes due 2014, to fund the related $11.1 million make-whole payments and to pay $2.4 million of accrued interest. The remaining proceeds were used to reduce outstanding indebtedness under the secured credit facility. The Finance Corp. serves as co-issuer and co-obligor for the senior notes.
Ferrellgas Partners Finance Corp. [Member]
Commitment	B. Commitment During March 2011, the Partnership redeemed $98.0 million of its $280.0 million 8.625% fixed rate senior notes due 2020, paid an $8.4 million make-whole payment and paid $2.4 million of accrued interest. The Finance Corp. serves as co-issuer and co-obligor for the senior notes.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details