Instructions to Complete 

Annual Report of Market Agency Selling on Commission 

Form PSD 3003 

Each individual, corporation, and association engaged in business as a market agency selling 

livestock on a commission basis is required to file an annual report with the U.S. Department of 

Agriculture, Agricultural Marketing Service, Fair Trade Practices Program, Packers and 

Stockyards Division (hereinafter known as “PSD”) on Form PSD 3003, Annual Report of 

Market Agency Selling on Commission. 

If you report on a calendar year basis, your form must be received by PSD by April 15 each year. 

If you file on a fiscal year basis, you must submit your Annual Report form 90 days after the close 

of your fiscal year. Requests for additional time to file this report must be received no later than 

the applicable filing dates above. Failure to file this form may result with a complaint filed against 

the entity in a United States District Court charging the entity with violations of the Packers and 

Stockyards Act and seeking civil penalties as authorized by law for each day the report is 

delinquent. Section 10 of the FTC Act made applicable by Section 402 of the Act (7 U.S.C. 222). 

All items must be completed on this form, in its entirety, before submitting the form. Failure 

to do so will result in the form being returned as incomplete. If available, you may provide 

financial statements as an attachment to the fully completed annual report form. 

For questions about Form PSD 3003, or additional copies of the form, please contact the PSD 

Central Reporting Unit at 303-375-4264 or PSD-CRU@usda.gov. Forms and instructions are 

also located on PSD's website at https://www.ams.usda.gov/resources/forms. Please fax the 

completed form to the Central Reporting Unit at 314-457-4421/844-303-0332, email to PSDCRU@usda.gov or mail to: 

USDA PSD 

P.O. Box 110639 

Aurora, CO 80042 

SECTION-BY-SECTION INSTRUCTIONS 

FORM HEADER – BUSINESS ENTITY ID 

Business Entity ID should be completed using information on the attached annual report letter. 

FORM HEADER – ELECTRONIC FILING 

By selecting the Electronic filing check box, you will receive an email reminder message from 

our system to the address listed on line 111 of the form each year that you are required to file 

your annual report. This email is a reminder your report is due and includes instructions for the 

E-Forms website located at https://forms.sc.egov.usda.gov to complete and file your report. The 

forms are also located on the PSD website at https://www.ams.usda.gov/resources/forms. 

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Line No. Subject Instruction 

GENERAL INFORMATION - SECTION 1 

101 

a and b 

Reporting Period The reporting year covers the period of time operated the 

previous year, either calendar year or fiscal year. (FROM: 

should be the beginning of your reporting year; TO: should 

be the end of your reporting year, i.e., 01/01/20YY to 

12/31/20YY) 

If you recently registered, please enter the date you started 

operating (FROM) and the end of your reporting year (TO). 

If you cease operations and go inactive, the end of your 

reporting year (TO) will be the last date of operation. 

102 Entity Name Enter the name under which you are registered with PSD. 

103 Trade Name/d.b.a Enter the trade name under which you operate. This is the 

name the business uses, if applicable. If you do not operate 

with a “Trade Name”, enter “N/A.” 

104 

and 

105 

Mailing Address Enter your mailing address. Enter street, city, state, and zip 

+4 code. This is the address where all correspondence from 

the Packers and Stockyards Division should be sent. 

106 

and 

107 

Operating Address Enter the physical location of your operating address. Enter 

street, city, state, and zip +4 code. This is the address 

where you conduct your business services. 

108 Contact Name Enter the name of the person to be contacted regarding 

questions on the annual report. 

109 Contact Telephone 

Number 

Enter the telephone number where the contact may be 

reached. 

110 Fax Number Enter the Fax number used by the entity. 

111 E-Mail Address Enter the entity’s e-mail address. 

112 Web Site Address (if 

applicable) 

Enter the complete Web site address the business operates. 

For example: www.WebSiteName@domain.com 

ORGANIZATIONAL STRUCTURE – SECTION 2 

201a 

through 

205c 

Owners, Members, 

Partners, Or Officers, 

(Name and Title), 

Percent Ownership 

For each owner, officer, member, and every partner, enter 

their name, title, and respective percentage of ownership. 

Provide this information for every individual with any 

ownership interest, 10% or greater, in the applicant’s 

operation. The person signing this report on line 902, must 

be listed in this section. 

206 Type of Organization Check the appropriate box to indicate the type of 

organization as it applies to the business’ operation. 

207 Same Organization 

Reported 

Check the appropriate box to indicate if your organization 

is the same as operated the previous year. 

208 Own or Operate a Scale Check the appropriate box to indicate if this entity owns or 

operates a livestock scale. 

209a. 

through 

209c. 

Manufacturer, Model, 

Serial Number 

If 208 is yes, list the a. manufacturer, b. model, and c. serial 

number of each scale the entity operates. 

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Line No. Subject Instruction 

210 Payment Check the appropriate box to indicate the basis of payment 

for the majority of livestock sold. 

211 Business 

Control/Ownership 

Check the appropriate box to indicate if this entity is owned 

or controlled by another business entity. 

212 Business Name and 

Address 

If line 211 is yes, list the name and address of the 

owner/controlling business. 

213 Invoicing Software List the name and version of the software used to create 

consigner/buyer invoices. 

214 Interest in other Market 

Agency, Dealer 

Organization or Packing 

Company 

Check the appropriate box to indicate if this entity, or any 

of its owners, officers, directors, members or employees 

own an interest in any other market agency, dealer 

business, or packing company. If No, continue to Section 

3. 

215a. 

through 

218a. 

Related firms’ names List the names of the related firms owned by the reporting 

business. 

215b. 

through 

218b. 

Person or firm with 

Relationship 

List the name of the person or firm with ownership or 

control of the entity listed in column a. 

215c. 

through 

218c. 

Percentage List the percentage of ownership/control held by the 

person/firm listed in column b. 

SELLING ON COMMISSION OPERATION (CLAUSE 1 BOND) – SECTION 3 

301 

a through e 

Livestock consigned by 

others 

Enter the total number of head for each category of 

livestock, sold during the year on a commission bases by 

your market agency. Include livestock sold for individual 

officers, directors, and separately registered partners. 

Report livestock consigned by the market on line 302. 

302 

a through e 

Livestock consigned by 

you 

Enter the number of head, for each category of livestock, 

consigned by you (the market agency), to the market. 

303 

a through e 

Total livestock 

consigned 

For each category of livestock, Enter the sum of lines 301 

and 302, for each category of livestock, as the total number 

of head sold on commission. 

304 

a through e 

Gross value of livestock Enter the gross value of livestock sold on commission, for 

each category of livestock. 

305 Number of Public Sale 

days 

Enter the number of day’s livestock sales were conducted 

by the market. 

DEALER AND BUYING ON COMMISSION OPERATION (CLAUSE 2 BOND)–SECTION 4 

NOTE: Do not include the cost of livestock purchased by clearees in this section of the report. 

Those figures are to be reported in section 5 of this report. The only volume that should be 

reported in section 4 is that purchased by the market as a dealer or on commission for others. 

401 

a through e 

Cost of livestock 

purchased as a dealer 

Enter the cost for each category of livestock, and the total 

cost of livestock purchased on a dealer basis during the 

reporting period. 

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Line No. Subject Instruction 

402 

a through e 

Number of head of 

livestock purchased as a 

dealer 

Enter the number of head purchased for each category of 

livestock and the total number of head of livestock 

purchased on a dealer basis during the reporting period. 

403 

a through e 

Cost of livestock 

purchased as a dealer, 

per quarter 

Enter cost of livestock purchased as a dealer, per quarter. 

404 

a through e 

Cost of livestock bought 

on commission 

Enter the cost for each category of livestock and the total 

cost of livestock purchased as an order buyer during the 

reporting period. You must include all livestock that you 

bought on commission regardless whether you or another 

entity paid for it. 

405 

a through e 

Number of head of 

livestock bought on 

commission 

Enter the number of head purchased for each species of 

livestock and the total number of head of livestock 

purchased as an order buyer during the reporting period. 

You must include all livestock that you bought on 

commission, regardless whether you or another entity paid 

for it. 

406 

a through e 

Cost of livestock bought 

on commission, per 

quarter 

Enter cost of livestock bought on commission, per quarter. 

407 Total cost of livestock 

purchased 

Enter the Total Cost of Livestock Purchased. This amount 

should be equal to Line 401e plus 404e. 

408 Number of days 

livestock purchased 

Enter the number of days livestock was purchased as a 

livestock dealer and/or order buyer during the reporting 

year. 

CLEAREE AND CLEAROR DESIGNATIONS – SECTION 5 

501 Are you a clearee Check box indicating if another business provides clearing 

services for you. (You are cleared under the bond coverage 

of another entity 

502 Name of clearor If you checked the box on line 501, enter the name of the 

clearing agent (clearor). 

If you provide clearing services to other livestock dealers (clearees), you must provide each 

clearee’s name and total dollar amount of livestock they purchased. Do not include 

the amount reported on line 514 with those reported on lines 401 or 404. If 503 is not checked 

skip lines 504-514 and go directly to Section 6. 

503 Are you a clearor Check box if you are a clearor providing clearing services 

to people who are cleared under your bond coverage. 

504 

through

 514 

Clearee’s name and 

dollar amount of 

livestock purchased 

List the name of each Clearee, and the gross dollar amount 

of livestock purchased by each clearee during the reporting 

period, regardless of who paid for it, on lines 504-513, and 

total on line 514. Attach additional sheet if necessary. If 

you are not providing clearing services, skip section 5 and 

go to section 6. 

CUSTODIAL BANK ACCOUNT ANALYSIS – SECTION 6 

601 Date of Custodial 

Analysis 

Enter the custodial account analysis date. The analysis date 

is the last day of your reporting year end month. 

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Line No. Subject Instruction 

602 Balance as per Bank 

Statement 

Enter the balance on the analysis date as shown on the bank 

statement. 

603 Deposits in transit Enter the total dollar amount of any deposits sent to the 

bank by the analysis date, but not yet posted to the account. 

604 Certificates of deposit 

and savings accounts 

designated as custodial 

funds 

Enter the balance, as of the analysis date, of certificates of 

deposits or savings accounts that are designated as custodial 

account. These accounts and certificates of deposit must be 

at the same bank that holds the custodial checking account. 

605 Proceeds on hand Enter the total dollar amount of cash and checks received 

from market’s sales that can be classified as Proceeds 

Receivable and have not been deposited to the account as of 

the analysis date, or listed on a deposit in transit. 

606 Proceeds Receivable A Proceed Receivable is money that is owed the market for 

the purchase of livestock that has not yet been 

collected. The auction market may carry these amounts as a 

Proceeds Receivable, owed to the market, until the close of 

the seventh day counted from the date of the sale. After the 

close of the seventh day subsequent to the sale date, the 

market must reimburse the custodial account for any 

uncollected funds and the item(s) may no longer be 

classified as a Proceeds Receivable when preparing the 

custodial account analysis (reconciliation). An exception to 

this 7 day rule is when the purchase is made by an owner, 

officer or employee of the market. The payment of 

purchases by these related parties must be made by the 

close of the next business day and may no longer be 

classified a Proceeds Receivable when preparing the 

custodial account analysis (reconciliation). Additionally, 

any time the market extends credit to a buyer, (approves a 

buyer to pay other than by the close of the next business 

day) the auction market must reimburse the custodial 

account for the amount of the payment for which credit has 

been extended. 

607 Total Enter the sum of lines 602 through 606. 

608 Outstanding Checks and 

Drafts 

Enter the total dollar amount of checks or drafts issued 

from the custodial account that have not cleared as of the 

analysis date. 

609 Proceeds due consignors Enter the total dollar amount of any livestock sales by the 

market agency which has not yet been paid. 

610 Unpaid expense items Enter the total dollar amount of unpaid expense items. 

Unpaid expense items are valid sale expenses deducted 

from the consignors’ sales proceeds (for example, check off 

fees, health inspections, etc.) Exclude amounts due to the 

market for services such as commissions or yardage. 

611 Total Enter the sum of lines 608 through 610. 

612 Overage or Shortage in 

the amount 

Subtract line 611 from line 607. Show the amount as 

negative if the account is short. 

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Line No. Subject Instruction 

613 Accounts Receivable Enter total amount due from the market’s sales that cannot 

be classified as Proceeds Receivable. These are amounts 

that the market has reimbursed the Custodial Account for 

but have not yet been paid by the livestock buyer. 

STATEMENT OF ASSETS, LIABILITIES AND EQUITY – SECTION 7 

This section must be completed on this form. Include only the Assets, Liabilities and Net 

Worth of the reporting Entity. If available, you may provide financial statements as an 

attachment to the fully completed annual report form. 

All Market Agency’s Selling on Commission, must complete Sections 7 and 8, in their entirety, 

regardless of the total volume sold, as reported on line 304 

701 Cash Enter the total book balances of all bank accounts, except 

the custodial account. An overdraft should be reported on 

line 723. 

702 Overage in Custodial 

Bank Account 

Enter the dollar amount of overage from analysis of 

Custodial Account. A shortage should be reported on line 

724. 

703 Cash Equivalents Enter the dollar value of any current cash investments 

(savings, securities, CD’s, etc.). Include only those 

marketable securities that represent the cash available for 

current operations and not otherwise pledged as security 

704 Trade Accounts 

Receivable from 

Owners, Officers, and 

Affiliated Companies 

Enter the dollar amounts owed by owners, officers, or 

affiliated companies as a result of delivering goods or 

services and extending credit in the ordinary course of 

business. (Due in one year or less.) 

705 Trade Accounts 

Receivable from All 

Others 

Enter the dollar amounts owed by customers as a result of 

delivering goods or services and extending credit in the 

ordinary course of business. (Due in one year or less.) 

706 Total Trade Accounts 

Receivable-Net (Due in 

1 year or less) 

Enter the sum total of lines 704 and 705. 

707 Livestock Inventory Enter the dollar amount of livestock held for the purpose of 

sale to customers. 

708 Other Inventory Enter any merchandise, raw materials, work in process, 

finished goods, operating supplies and ordinary 

maintenance materials and parts other than livestock, to be 

consumed in the business during the next year. 

709 Total Inventories Enter the sum total of lines 707 and 708. 

710 Notes Receivable from 

Owners Officers, 

Related Entities 

Enter the total dollar value owed to the company by 

owners, officers, or related entities that is due in 1 year or 

less. 

711 Notes Receivable from 

All Others 

Enter the total dollar value owed to the company by other 

than owners, officers or related entities that is due in 1 year 

or less. 

712 Total Notes and Loans 

Receivable (Due in 1 

year or less) 

Enter the sum total of lines 710 and 711. 

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Line No. Subject Instruction 

713 Advances on Livestock Enter the dollar value of cash advances given for the 

purchase of livestock. 

714 Other Current Assets Enter the dollar value of prepaid expenses and other assets 

expected to be converted to cash or sold or consumed 

during the next year. 

715 Total Current Assets Enter the sum total of lines 701, 702, 703, 706, 709, 712, 

713, and 714, 

716 Plant, Property and 

Equipment 

Enter the dollar value of land, buildings, plant, equipment 

and amortizable assets less accumulated depreciation and 

amortization. 

717 Investments in 

subsidiaries and related 

companies 

Enter the total dollar value of any investments in 

subsidiaries and related companies. 

718 Due from owners, 

officers and related 

entities 

Enter the dollar value due from owners, officers, and 

related entities that is expected to be received more than 1 

year from the reporting date of this report. 

719 Livestock not related to 

sales to customers 

Enter the dollar value of livestock held for production 

(feeding, backgrounding, depreciable assets) 

720 Other Assets Enter the total dollar value of all others assets expected to 

be converted to cash, or sold or consumed in more than 1 

year from the reporting date of this report. 

721 Total Other Assets Enter the sum total of lines 717 through 720. 

722 Total Assets Enter the sum total of lines 715, 716, and 721. 

723 Overdraft Enter the total overdraft balances of all bank accounts, 

except the custodial account. 

724 Custodial Account 

Shortage 

Enter the dollar amount of shortage from the Custodial 

Account analysis. 

725 Livestock Payables Enter the total dollar amount you owe for livestock. (Due in 

one year or less.) 

726 Other Payables to 

Owners, Officers, and 

Related Entities 

Enter the total dollar amount you owe to owners, officers, 

and related entities, for other than livestock. (Due in one 

year or less.) 

727 Other Payables Enter the total dollar amount you owe to all vendors for 

other than livestock. (Due in one year or less.) 

728 Total Trade Account 

Payables 

Enter the sum total of lines 725, 726, and 727. 

729 Amount due to owners, 

officers, or related 

entities, 1 year or less 

Enter dollar amount of notes and loans due by you to 

owners, officers, and related entities in 1 year or less. 

730 Amount due to others 1 

year or less 

Enter the dollar amount of notes and loans due by you to 

other than owners, officers, and related entities in 1 year or 

less. 

731 Total Current Maturities 

of Long Term Debt 

Enter the sum total of lines 729 and 730. 

732 Accrued and Other 

Current Liabilities 

Enter the total dollar value of any accrued liabilities and 

other current liabilities due within 1 year of the reporting 

date of this report. 

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733 Total Current Liabilities Enter the sum total of lines 723, 724, 728, 731, and 732. 

734 Amount due to owners, 

officers, or related 

entities, after 1 year 

Enter the total dollar value of notes, mortgages, bonds, and 

installments that are payable to owners, officers, and related 

entities after 1 year. 

735 Amount due to others 

after 1 year 

Enter the total dollar value of notes, mortgages, bonds, and 

installments that are payable to other than owners, officers, 

and related entities after 1 year. 

736 Total Long-Term Debt, 

Less Current Maturities 

Enter the sum total of lines 734 and 735. 

737 All Other Liabilities Enter the total dollar value of any accrued liabilities and 

other current liabilities due after 1 year of the reporting date 

of this report. 

738 Total Liabilities Enter the sum total of lines 733, 736, and 737. 

739 Owner’s Equity 

“Unincorporated” 

If unincorporated, enter the dollar value of the owner’s net 

worth. 

740 Stock Issued 

“Incorporated” 

If incorporated, enter the dollar value of common stock. 

741 Additional paid-in 

capital 

If incorporated, enter the dollar value of any additional 

paid-in capital. 

742 Retained Earnings If incorporated, enter the retained earnings. 

743 Total Equity Enter the sum of lines 739 through 742 (should equal line 

722 less line 738). 

744 Total Liabilities and 

Equity 

Enter the sum total of lines 738 and 743 (should equal line 

722). 

STATEMENT OF REVENUES AND EXPENSES – SECTION 8 

801 Selling Commissions of 

Market 

Enter the dollar amount of commission your market agency 

collected for selling livestock on a commission basis during 

the reporting period. 

802 Gross Dealer Profit or 

Loss 

Enter the gross profit or loss on dealer transactions. 

803 Buying Commission Enter the gross income dollar amount from buying 

commissions. 

804 Other Income Enter the dollar amount of all other income during the 

reporting period. 

805 Total Income Enter the sum total of lines 801 through 804. 

806 Total Expenses Enter the dollar amount of all expenses incurred during the 

reporting period. 

807 Net Profit or Loss Subtract line 806 from line 805; enter the different as Net 

Profit (+) or Net Loss (-). 

CERTIFICATION – SECTION 9 

901 Print Name Print the name of the owner, officer, partner, or member 

responsible for this report. Must be listed in lines 201 - 205. 

902 Signature The report must be signed by a responsible person, listed in 

lines 201-205. 

903 Phone number Enter the phone number of the person signing the report 

904 Date Enter the date the report is signed. 

905 Title Enter the title of the person signing the report. 

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