What is an agricultural products dealer bond?
An agricultural products dealer bond helps ensure that dealers follow the rules and guidelines on the representation of food standards and quality. It also helps protect producers and vendors from payment issues and guarantees that dealers provide an adequate supply of products for consumers.
Agricultural dealers purchase and resell products like livestock, vegetables, hay, straw, and seed. The Department of Agriculture requires dealers in certain states to post this license and permit bond before becoming licensed to buy and resell agricultural products.
How much does an agricultural products dealer bond cost?
The cost of your bond premium may depend on your financial and work history, credit score, state, and sales volume. Contact a surety bond provider for a quote.
Get Your Agricultural Products Dealer Bond:
- An agricultural products dealer bond helps guarantee that dealers follow the rules and guidelines on the representation of food standards and quality.
- The Department of Agriculture requires dealers to post this bond before they can become licensed in certain states.
- The amount required for your surety bond may depend on your state requirements, the type of products, and your sales volume.
- Your financial and work history, credit score, state, and sales volume can impact the cost of your bond premium.
Agricultural Products Dealer Bond Requirements
The amount required for your surety bond may depend on your state’s specific requirements, the type of products you’re dealing with, and your sales volume. For example, here are some of the surety bond requirements in the state of Washington.
Minimum bond amounts required for commission merchants and dealers:
- $15,000: For hay, straw, or seed
- $10,000: For livestock
- $10,000: For agricultural products other than hay, straw, seed, or livestock
A surety company authorized to do business in your state may issue your bond. The bond may remain active until you or your surety cancels it. If you must cancel your bond, check your state’s requirements for giving a cancellation notice.
Find the Agricultural Products Dealer Bond for Your Business
The ZipBond process is simple, secure, and lightning-fast. Just find your bond, select your state, city, or project, and fill out your contact and business information. Once your bond is approved (often instantly), you can pay online and print your bond. It’s that simple.
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.