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U.S. USDA Form usda-rd-402-1-fmi FORMS MANUAL INSERT Form RD 402-1 Rev. 6-02 FORM RD 402-1 FORMAPPROVED OMB NO. Original to borrower s case folder copy to borrower copy to financial instituion. -2- Forms Manual Insert - Form RD 402-1 PAGE 2 OF FORM RD 402-1 duly executed by the Depositor and the countersigning officer or pursuant to the written demand or order of the Government the Financial Institution shall be discharged from all obligations wi...

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What is form rd 402 1?

Form RD 402-1 is the income and expense statement required by the United States Department of Agriculture (USDA) for farmers and ranchers who participate in certain USDA programs.

Who is required to file form rd 402 1?

Farmers and ranchers who participate in certain USDA programs are required to file form RD 402-1.

How to fill out form rd 402 1?

To fill out form RD 402-1, farmers and ranchers need to provide detailed information about their income and expenses related to their farming or ranching activities. This includes reporting various sources of income, such as crop sales, livestock sales, and government payments, as well as documenting their expenses, such as feed costs, equipment purchases, and labor expenses.

What is the purpose of form rd 402 1?

The purpose of form RD 402-1 is to collect financial information from farmers and ranchers participating in USDA programs. This information is used to assess the financial situation of the agricultural operations and determine the eligibility for certain USDA assistance programs.

What information must be reported on form rd 402 1?

Form RD 402-1 requires farmers and ranchers to report various financial information, including their sources of income, such as crop sales, livestock sales, and government payments, and their expenses, such as feed costs, equipment purchases, and operating expenses. Additionally, farmers and ranchers may need to provide details about their farm assets and liabilities.

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