Instructions to Complete 

Statement of Assets, Liabilities, and 

Equity Special Report

Form PSD 7002 

As an individual, partnership, corporation, or association engaged in business as a livestock 

dealer, buying livestock on commission for the account of others, market agency selling livestock 

on a commission basis, or a packer buying livestock for slaughter, you are required to file a 

special report with the Packers and Stockyards Division (PSD) on form PSD 7002, Statement of 

Assets, Liabilities, and Equity Special Report 

You must file the form by the date shown in the letter notifying you to file the special report. 

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 If space provided for any item is not sufficient, attach 

additional pages containing the information and make reference to the line number on the form. 

All information must be completed on this form in its entirety. Failure to do so will result in 

the form being returned incomplete. 

Submit the completed form to the PSD regional office that covers your area. The Areas covered 

by each regional office are listed below its address. Forms and instructions are also located on 

PSD's website at https://www.ams.usda.gov/resources/forms. 

Regional Offices of the Packers and Stockyards Division 

Agricultural Marketing Service, Fair Trade Practices Program 

Eastern Regional Office 

75 Ted Turner Drive SW, Ste 230 

Atlanta, GA 30303-3308 

Telephone: (404) 562-5840 

FAX: (404) 562-5848 

E-mail: 

PSDAtlantaGA@ams.usda.gov 

States Covered 

AL, AR, CT, DC, DE, FL, GA, 

LA, MA, MD, ME, MS, NC, 

NH, NJ, NL, NY, PA, PR, QC, 

RI, SC, TN, VA, VT, WV 

Midwestern Regional Office 

210 Walnut Street, Room 317 

Des Moines, IA 50309-2110 

Telephone: (515) 323-2579 

FAX: (515) 323-2590 

E-mail: 

PSDDesMoinesIA@ams.usda.gov 

States Covered 

IA, IL, IN, KY, MB, MI, MN, 

MO, ND, NE, OH, ON, SD, WI 

Western Regional Office 

3950 Lewiston St., Suite 200 

Aurora, CO 80011-1556 

Telephone: (303) 375-4240 

FAX: (303) 371-4609 

E-mail: 

PSDDenverCO@ams.usda.gov 

States Covered 

AB, AK, AZ, BC, CA, CO, HI, 

ID, KS, MT, NM, NV, OK, OR, 

SK, TX, UT, WA, WY 

If you have any questions about the form or completing the form, please contact the PSD 

Regional Office that covers your area, as listed above. Additional copies of the form may be 

obtained from the regional office, or on the PSD website at 

https://www.ams.usda.gov/resources/forms 

Form PSD 7002 Expires 01/31/2025 Page 1 of 6
 

 

 

 

 

 

SECTION-BY-SECTION INSTRUCTIONS 

FORM HEADER –BUSINESS ENTITY ID 

Business Entity ID should be completed using information provided by PSD. If the information 

is not already completed on the form, please contact your Regional PSD office listed above to 

obtain the number. 

Line No. Subject Instruction 

GENERAL INFORMATION - SECTION 

101 

a and b 

Reporting Date 

(mm/dd/yyyy) 

Enter the assets, liabilities and equity analysis date. This is 

the date required in the letter provided by PSD. 

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 PSD 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 this 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 

STATEMENT OF ASSETS, LIABILITIES AND EQUITY – SECTION 2 

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

overdraft should be reported on line 223. 

202 Custodial Account 

Overage 

Enter the dollar amount of overage from analysis of 

Custodial Account. (A shortage should be reported on line 

224.) 

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

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

marketable securities that represent the cash available for 

current operations and not otherwise pledged as security. 

204 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. 

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Line No. Subject Instruction 

205 Accounts Receivables 

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. 

206 Total Trade Accounts 

Receivable-Net (Due in 

1 year or less) 

Enter the sum total of lines 204 and 205. 

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

sale to customers. 

208 Meat and Meat Products 

Inventory 

Enter the dollar amount of meat and meat food products 

inventory. 

209 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. 

210 Total Inventories Enter the sum total of lines 207, 208 and 209. 

211 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. 

212 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. 

213 Total Notes and Loans 

Receivable (Due in 1 

year or less) 

Enter the sum total of lines 211 and 212. 

214 Advances on Livestock 

and Meat 

Enter the dollar value of cash advances given for the 

purchase of livestock, meat, and meat products. 

215 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. 

216 Total Current Assets Enter the sum total of lines 201, 202, 203, 206, 210, 213, 

214, and 215. 

217 Plant, Property and 

Equipment 

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

and amortizable assets less accumulated depreciation and 

amortization. 

218 Investments in 

subsidiaries and related 

companies 

Enter the total dollar value of any investments in subsidiaries 

and related companies. 

219 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. 

220 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. 

221 Total Other Assets Enter the sum total of lines 218, 219, and 220. 

222 Total Assets Enter the sum total of lines 216, 217, and 221. 

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

except custodial accounts. 

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Line No. Subject Instruction 

224 Custodial Account 

Shortage 

Enter the dollar amount of shortage from the Custodial 

Account analysis. 

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

one year or less) 

226 Meat and Meat Products Enter the total dollar amount you owe for meat and meat 

products (Due in one year or less) 

227 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) 

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

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

229 Total Payables Enter the sum total of lines 225, 226, 227, and 228. 

230 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. 

231 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. 

232 Total Current Maturities 

of Long Term Debt 

Enter the sum total of lines 230 and 231. 

233 Other Current Liabilities Enter the total dollar value of any current liabilities due 

within 1 year of the reporting date of this report. 

234 Total Current Liabilities Enter the sum total of lines 223, 224, 229, 232, and 233. 

235 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. 

236 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. 

237 Total Long-Term Debt, 

Less Current Maturities 

Enter the sum total of lines 235 and 236. 

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

239 Total Liabilities Enter the sum total of lines 234, 237, and 238. 

240 Owner’s Equity 

(Unincorporated) 

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

worth. 

241 Stock Issued If incorporated, enter the dollar amount of stock issued. 

242 Additional paid-in 

capital 

If incorporated, enter the dollar value of any additional paidin capital. 

243 Retained Earnings If incorporated, enter the retained earnings. 

244 Total Equity Enter the sum of lines 240 through 243 

245 Total Liabilities and 

Equity 

Enter the sum total of lines 239 and 244 (should equal line 

222). 

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Line No. Subject Instruction 

FINANCING INFORMATION – SECTION 3 

301 Contingent Liabilities Check appropriate box indicating whether your firm has 

contingent Liabilities 

302 Describe financial 

obligations 

Briefly explain the possible direct financial obligations 

which are unsettled as to the certainty of the liability and the 

amount. 

303 Pledged as Collateral Check appropriate box indicating whether your firm had 

Accounts Receivable and/or Inventories or any part thereof, 

pledged or assigned as collateral under a financing 

agreement. 

304 Financial Institution 

with Security Interests 

Enter the name of the financial institution that has security 

interests in your firm. 

305 

through 

308 

Name, Address, City, 

State, Zip+4, Contact 

Name, Contact Number 

Enter the name, mailing address, contact name, and contact 

telephone number of the financial institution with a security 

interest in your firm. 

309 Inventories 

Collateralized 

Check appropriate box to indicate whether inventories are 

collateralized under the agreement. 

310 Accounts Receivable 

Collateralized 

Check appropriate box to indicate whether accounts 

receivable are collateralized under the agreement. 

311 Borrowing Limit Enter the dollar value of the borrowing limit under the 

agreement. 

312 Borrowing Payable Enter the dollar value of the borrowing payable as of the end 

of the reporting period. 

313 Violation of Financial 

Agreement 

Check appropriate box indicating whether you received 

notification you were in violation of any covenants of your 

financial agreement. 

314 Waiver Provided If line 313 is Yes, check appropriate box indicated financial 

institution provided a waiver. 

315 Owners, Directors, 

Officers or Stockholder 

as Guarantors 

Check appropriate box indicating whether or not any 

company owners, directors, officers or stockholders are 

named as a guarantor under the agreement. 

316 Parent Company Named 

as Guarantor 

Check appropriate box indicating whether or not the parent 

company is named as a guarantor under the agreement. 

317 Minimum Cash Balance Enter the dollar value of the minimum cash balance required 

to be maintained on deposit. 

318 Minimum Working 

Capital 

Enter the dollar value of the minimum working capital 

required to be maintained. 

319 Other Enter any other restrictions or covenants under the financing 

or loan agreement. 

320 Livestock Trust Ratio To calculate your Livestock Trust ratio, add Cash, ShortTerm Securities (Certificate of Deposits, Money Market 

accounts, etc.) Account Receivables, and Livestock and 

Meat Inventories together, as of the analysis date. Divide 

this number by the amount of livestock Account Payables as 

of the analysis date. Enter this amount. (Add lines 201, 202, 

203, 206, 207, and 208 and divide by line 225) 

CERTIFICATION – SECTION 7 

Form PSD 7002 Expires 01/31/2025 Page 5 of 6
Line No. Subject Instruction 

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

responsible for this report. 

402 Signature The report must be signed a responsible person. 

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

404 Date Enter the date the report is signed. 

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

Form PSD 7002 Expires 01/31/2025 Page 6 of 6