P&SP 2500 Termination of Trust Fund Agreement or Trust Agreement

Instructions to Complete
Termination of Trust Agreement or
Trust Fund Agreement
Form P&SP-2500
If you, as a packer, market agency, or dealer wish to terminate your trust agreement or trust fund agreement covering your
livestock operation with the Packers and Stockyards Program, form P&SP-2500 must be completed. Completion of the
termination form will initiate the procedure to release the collateral funding the agreement.
After the termination date, as noted on the enclosed form P&SP-2500, you as the principal must sign and date the form
P&SP-2500 and return it to the regional office of the Packers and Stockyards Program as listed below. The states covered by
each regional office are listed below its address.
Regional Offices of the Packers and Stockyards Program
Grain Inspection, Packers and Stockyards Administration
Eastern Regional Office
Western Regional Office
Midwestern Regional Office
Suite 230
3950 Lewiston St., Suite 200
Room 317
75 Spring Street
Aurora, CO 80011-1556
210 Walnut Street
Atlanta, GA 30303-3308
Telephone: (303) 375-4240
Des Moines, IA 50309-2110
Telephone: (404) 562-5840
FAX: (303) 371-4609
Telephone: (515) 323-2579
FAX: (404) 562-5848
e-mail:
FAX: (515) 323-2590
e-mail:
[email protected]
e-mail:
[email protected]
[email protected]
States Covered
States Covered
States Covered
AL, AR, CT, DC, DE, FL, GA, LA, MA, AK, AZ, CA, CO, HI, ID, KS, MT,
IA, IL, IN, KY, OH, MI, MO, MN,
MD, ME, MS, NC, NH, NJ, NY, PA, RI,
NM, NV, OK, OR, TX, UT, WA,
ND, NE, SD, WI
SC, TN, VA, VT, WV
WY
If you have any questions about the form or completing the form, please contact the regional office of the Packers and
Stockyards Program that covers your state as listed above.
The regional office of the Packers and Stockyards Program will complete Part I of the form (lines 1 through 8).
You, as the registrant/packer, must complete Part II, including the certification (lines 9 through 11).
After you sign and return the form to the regional office, certifying that you do not owe outstanding livestock obligations, the
regional office will sign and date Part III (lines 12 through 14), and forward the form to the trustee as authorization to release
the collateral funding the agreement. The regional office will retain a copy for the registrant’s/packer’s files.
Line
No.
9

10
11

P&SP-2500-i

Subject

Instruction

Owes for Outstanding
Livestock Obligations

Check the appropriate box to indicate whether you have outstanding obligations for
any livestock you have purchased or sold. If yes, attach a list of the sellers that
have not yet been paid, or presented their checks to the bank for payment. Include
the amount and date for each check or draft that has not been paid by your financial
institution.
The principal, or someone authorized to act on the principal’s behalf, must sign the
form.
The form must not be signed prior to the date of termination, as indicated in part II
of the form. If the form is signed prior to the termination date, an additional copy
of form P&SP-2500 will be mailed to you, as the Principal, for completion and
signature after the termination date.

Signature of Registrant or
Packer
Date Report Signed

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OMB CONTROL NO. 0580-0015
Expires: xx/xx/20xx
U.S. DEPARTMENT OF AGRICULTURE
GRAIN INSPECTION, PACKERS AND
STOCKYARDS ADMINISTRATION
PACKERS AND STOCKYARDS PROGRAM

TERMINATION OF TRUST AGREEMENT OR TRUST FUND
AGREEMENT

1. Date: __________________________

Part I – Termination
2. Name of Registrant or Packer and Address (Street
and No., City, State and Zip Code)

3. Name and Address of Trustee (Street and No., City,
State and Zip Code)

Agreement Identification
4. Trust Agreement No. ___________________ or 5. Trust Fund Agreement No. ____________________

6. Value of Collateral $_______________________ 7. Effective Date: ______________________________

8. Termination Date: _______________________________________________________________________
Part II – Statement of Obligations for Livestock Purchased or Sold
Your agreement is terminated thirty (30) days following the date of receipt of your request with Packers and
Stockyards Program.
The trustee is prohibited from releasing the collateral until a satisfactory showing has been made to the Deputy
Administrator, Packers and Stockyards Program, that all obligations arising under the terms of the agreement have
been satisfied.
Complete this report after the termination date then return to the above address.
9. Does the registrant or packer named above (Part I, line 2) owe or have any outstanding obligations for
livestock purchased or sold (including for checks or drafts which have been issued in payment for livestock
which have not been presented for payment or actually paid) during the period in which the agreement was in
effect?

‰ NO
‰ YES
(If yes, please attach a list of livestock sellers to whom payment has not been made and the amount
owed each seller. List the amount and date of each check and draft that has been issued in payment
for livestock that has not been presented for payment and actually paid.
Form P&SP-2500

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CERTIFICATION: I certify that this report has been prepared by me or under my direction and that to the best of my
knowledge and belief, this report is true and correct.

____________________________________
10. Signature Of Registrant/Packer

____________________________________
11. Date

Return report to appropriate regional office; see separate instructions for information.

Part III – Collateral
Because the registrant or packer has certified that all obligations arising under the terms of the agreement
have been paid, we now authorize the trustee to release the collateral pledged.
12. Letter of Credit Identification (If Applicable)

13. Date

14a. Signature

14b. Title

Execution of special report is required to insure all livestock sellers have received payment before collateral held under the trust agreement or
trust fund agreement will be released (9 CFR 201.34 (c)). Information held confidential (9 CFR 201.96).

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection
of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0580-0015. The
time required to complete this information collection is estimated to average 2 hours 15 minutes per response, including the time for reviewing
instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of
information.

The Packers and Stockyards Act, 1921, as amended and supplemented provides in part that: “Any person who shall willfully make, or cause to
be made, any false entry or statement of fact in any report required to be made under this Act ... shall be deemed guilty of an offense against the
United States, and shall be subject, upon conviction in any court of the United States of competent jurisdiction, to a fine of not less that $1,000
nor more than $5,000, or to imprisonment for a term of not more than three years, or to both such fine and imprisonment.”

Form P&SP-2500

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The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin,
age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political
beliefs, reprisal, or because all or part of an individual’s income is derived from any public assistance program. (Not all prohibited bases apply to
all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape,
etc.) should contact USDA’s TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination, write to USDA,
Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, or call (800) 795-3272 (voice) or (202) 7206382 (TDD). USDA is an equal opportunity provider and employer.

Form P&SP-2500

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