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        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>EQUITY LIVESTOCK CREDIT CORPORATION IS A NOT-FOR-PROFIT CORPORATION UNDER IRS CODE 501(C) (16) AND IS NOT SUBJECT TO INCOME TAX. THE FEDERAL AND STATE INCOME TAX RETURNS OF EQUITY LIVESTOCK CREDIT CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. AS OF DECEMBER 31, 2023, TAX RETURNS FOR THE YEARS ENDING 2024, 2023, 2022, AND 2021 ARE OPEN.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <TitleTxt>COO</TitleTxt>
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          <PersonNm>ALL DIRECTORS AND OFFICERS</PersonNm>
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        <RelationshipDescriptionTxt>DIRECTORS AND OFFICERS</RelationshipDescriptionTxt>
        <TransactionDesc>SERVE AS DIRECTORS AND DO BUSINESS WITH THE ORGANIZATION</TransactionDesc>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>EQUITY COOPERATIVE LIVESTOCK SALES ASSOCIATION HAS THE FACILITIES AND PERSONNEL TO PERFORM FOR EQUITY LIVESTOCK CREDIT CORPORATION MANAGEMENT AND ADMINISTRATIVE SERVICES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>EQUITY LIVESTOCK CREDIT CORPORATION IS A WHOLLY OWNED SUBSIDIARY OF EQUITY COOPERATIVE LIVESTOCK SALES ASSOCIATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SHAREHOLDERS OF EQUITY LIVESTOCK SALES ASSOCIATION ELECT THE BOARD OF DIRECTORS WHICH SERVES FOR BOTH EQUITY LIVESTOCK SALES ASSOCIATION AND EQUITY LIVESTOCK CREDIT CORPORATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SHAREHOLDERS MAY AMEND OR REPEAL, OR READOPT NEW BYLAWS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 8B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION PROVIDED THE INFORMATION NECESSARY TO THE ACCOUNTING FIRM TO PREPARE THE FORM 990. THE FORM 990 WAS THEN GIVEN TO MANAGEMENT FOR REVIEW AND BOARD APPROVAL PRIOR TO FILING IT WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON COMPARABILITY DATA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
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        <ExplanationTxt>THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH OVERSEES THE WORK AND SELECTION OF INDEPENDENT AUDITORS.</ExplanationTxt>
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</Return>