Instructions to Complete 

Annual Report of Dealer or 

Market Agency Buying on Commission 

Form PSD 3001 

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

buying 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 3001, Annual 

Report of Dealer or Market Agency Buying on Commission. 

If you report on a calendar year basis, your form must be post marked/e-filed by April 15 each 

year. If you file on a fiscal year basis, you must submit your Annual Report form by 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. 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 3001, 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 

PSD-CRU@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 annual report letter or email. 

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. 

Form PSD 3001 Expires 01/31/2025 Page 1 of 7
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. his T is the address where all correspondence from 

PSD should be sent. 

106 

and 

107 

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

street, city, state, and zip+4. his is the address where you T 

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 Enter the telephone where the contact person may be 

reached. 

110 Fax Number Enter the Fax 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 702, 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. 

Form PSD 3001 Expires 01/31/2025 Page 2 of 7 
Line No. Subject Instruction 

209 a 

through 

209c 

Manufacturer, Model, 

Serial Number 

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

number of each scale the entity operates. 

210 Other company’s scale If you use another entity’s scale to purchase livestock mark 

Yes and go to line 211. 

211 Entity name and address If you marked Yes on line 210, insert the entity’s name and 

address of the scale you use. 

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

for the majority of livestock sold. 

213 Business 

Control/Ownership 

Check the appropriate box to indicate if this entity is owned 

or controlled by another business entity. 

214 Business Name and 

Address 

If line 213 is Yes, list the name and address of the 

owner/controlling business. 

215 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. 

216a. 

through 

220a. 

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

business. 

216b. 

through 

220b. 

Person or firm with 

Relationship 

List the name of the person or firm with ownership or 

control of the entity listed in column a. 

216c. 

through 

220c. 

Percentage List the percentage of ownership/control held by the 

person/firm listed in column b. 

VOLUME INFORMATION – SECTION 3 

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 4 of this report. 

301 

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. 

302 

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. 

303 Cost of livestock 

purchased as a dealer, 

per quarter 

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

(Total of 303e should equal 301e) 

304 

a through e 

Cost of livestock bought 

on commission (BOC) 

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 (BOC) regardless whether you or 

another entity paid for it. 

Form PSD 3001 Expires 01/31/2025 Page 3 of 7 
Line No. Subject Instruction 

305 

a through e 

Number of head of 

livestock bought on 

commission (BOC) 

Enter the number of head purchased for each category 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, (BOC) regardless whether you or another entity 

paid for it. 

306 

a through e 

Cost of livestock bought 

on commission, (BOC) 

per quarter 

Enter cost of livestock bought on commission (BOC), per 

quarter. (Total of 306e should equal 304e) 

307 Total cost of livestock 

purchased 

Enter the Total Cost of Livestock Purchased. This amount 

should be equal to lines 301e plus 304e, (should also be 

equal to line 303e plus line 306e.). 

308 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 4 

401 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) 

402 Name of clearor If you checked the box on line 401, 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 414 with those reported on lines 301 or 304. If 403 is not checked 

skip lines 404-414 and go directly to Section 5. 

403 Are you a clearor Check box if you are a clearor providing clearing services to 

people who are cleared under your bond coverage. 

404 

through 

414 

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 404-413, and 

total on line 414. Attach additional sheet if necessary. If 

you are not providing clearing services, skip section 4 and go 

to section 5. 

STATEMENT OF ASSETS, LIABILITIES AND EQUITY – SECTION 5 

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 clearees, and dealers and/or order buyers whose total of line 307 equals less than $2.6 million 

may continue to Section 7, and do not need to complete Sections 5 and 6. All Clearors must 

complete Sections 5 and 6, regardless of the total cost of livestock purchased. 

501 Cash Enter the total book balances of all bank accounts. An 

overdraft should be reported on line 521. 

502 Cash Equivalents Enter the dollar amount 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. 

Form PSD 3001 Expires 01/31/2025 Page 4 of 7 
Line No. Subject Instruction 

503 Trade Accounts 

Receivables 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. 

504 Trade Accounts 

Receivables from All 

Others (Sources Not 

Related to Company) 

Enter the dollar amounts owed by customers as a result of 

delivering goods or services, and extending credit in the 

ordinary course of business. 

505 Total Trade Accounts 

Receivable-Net (Due in 

1 year or less) 

Enter the sum total of lines 503 and 504. 

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

sale to customers. 

507 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. 

508 Total Inventories Enter the sum total of lines 506 and 507. 

509 Notes and Loans 

Receivable from 

Owners Officers, 

Related Entities 

Enter the total dollar amount owed to the company by 

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

less. 

510 Notes and Loans 

Receivable from All 

Others (Sources Not 

Related to Company) 

Enter the total dollar amount owed to the company by other 

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

or less. 

511 Total Notes and Loans 

Receivable (Due in 1 

year or less) 

Enter the sum total of lines 509 and 510. 

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

purchase of livestock. 

513 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. 

514 Total Current Assets Enter the sum total of lines 501, 502, 505, 508, 511, 512, and 

513. 

515 Property, Plant and 

Equipment 

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

and amortizable assets less accumulated depreciation and 

amortization. 

516 Investments in 

subsidiaries and related 

companies 

Enter the total dollar value of any investments in subsidiaries 

and related companies. 

517 Due from owners, 

officers and related 

entities 

Enter the dollar value due from owners, officers, and related 

entities that is expected to be received in more than 1 year 

from the reporting date of this report. 

518 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. 

Form PSD 3001 Expires 01/31/2025 Page 5 of 7 
Line No. Subject Instruction 

519 Total Other Assets Enter the sum total of lines 516 through 518. 

520 Total Assets Enter the sum total of lines 514, 515, and 519. 

521 Overdraft Enter the total overdraft balances of all bank accounts. 

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

1 year or less) 

523 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 1 year 

or less) 

524 Other Payables (Sources 

Not Related to 

Company) 

Enter the total dollar amount you owe to all vendors for 

other than livestock. (Due in 1 year or less) 

525 Total Payables Total lines 522, 523, and 524 

526 Current Maturities of 

Long-Term Debt related 

to Owners, Officers and 

Related Entities 

Enter dollar amount of notes and loans due by you to 

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

527 Current Maturities of 

Long-Term Debt related 

to Others 

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

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

less. 

528 Total Current Maturities 

of Long-Term Debt 

Enter sum total of lines 526 and 527. 

529 Other Current Liabilities Enter the total dollar amount of any accrued liabilities and 

other current liabilities due within 1 year of the reporting 

date of this report. 

530 Total Current Liabilities Enter the sum total of lines 521, 525, 528, 529. 

531 Long-Term Debt, less 

Current Maturities 

related to Owners, 

Officers, and Related 

Entities 

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

installments that are payable to owners, officers, and related 

entities after 1 year. 

532 Long-Term Debt, less 

Current Maturities 

related to Others 

(Sources Not Related to 

Company) 

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

installments that are payable to other than owners, officers, 

and related entities after 1 year. 

533 Total Long-Term Debt, 

Less Current Maturities 

Enter the sum total of lines 531 and 532. 

534 All Other Liabilities Enter all other liabilities owed after 1 year. 

535 Total Liabilities Enter the sum total of lines 520, 530, 533, and 534. 

536 Owner’s Equity 

(Unincorporated) 

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

worth. 

537 Stock Issued 

(Incorporated) 

If incorporated, enter the dollar amount of stock issued. 

538 Additional paid-in 

capital 

If incorporated, enter the dollar amount of any additional 

paid-in capital. 

539 Retained Earnings If incorporated, enter the retained earnings. 

540 Total Equity Enter the sum of lines 536 through 539. (should equal 520 

less line 535) 

Form PSD 3001 Expires 01/31/2025 Page 6 of 7 
Line No. Subject Instruction 

541 Total Liabilities and 

Equity 

Enter the sum total of lines 535 and 540. (should equal line 

520) 

STATEMENT OF REVENUES AND EXPENSES – SECTION 6 

601 Gross Dealer Profit or 

Loss 

Enter the gross profit or loss on dealer transactions. 

602 Buying Commission 

(BOC) 

Enter the gross income dollar amount from buying 

commissions. 

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

reporting period. 

604 Total Income Enter the sum total of lines 601 through 603. 

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

reporting period. 

606 Net Profit or Loss Subtract line 605 from line 604; enter the different as Net 

Profit (+) or Net Loss (-). 

CERTIFICATION – SECTION 7 

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

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

702 Signature The report must be signed by a responsible person. 

Electronic signatures are considered valid. 

703 Phone Enter the phone of the person signing the report. 

704 Date Enter the date the report is signed. 

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

Form PSD 3001 Expires 01/31/2025 Page 7 of 7