Packers And Stockyards Act Bond | Surety BondPackers And Stockyards Act Bond Application
Type of BondThe stockyards and livestock license dealer bond requires meat packers as well as livestock dealers to be bonded. stockyards and livestock license dealer bonds guarantees If Principal pays when due to the person or persons entitled thereto the gross amount, less lawful charges, for which all livestock is sold for the accounts of others by Principal, If Principal pays when due to the person or persons entitled thereto the purchase price of all livestock purchased by Principal for his/her own account or for the accounts of others, and if Principal safely keeps and properly disburses all funds, if any, which come into his/her hands for the purpose of paying for livestock purchased for the accounts of others, If Principal, acting as a clearing agency responsible for the financial obligations of other registrants engaged in buying livestock, viz.: (insert here the names of such other registrants as they appear in their applications for registration); or if such other registrants, shall (1) pay when due to the person or persons entitled thereto the purchase price of all livestock purchased by such other registrants for their own accounts or for the accounts of others and (2) safely keep and properly disburse all funds coming into the hands of Principal or such other registrants for the purpose of paying for livestock purchased for the accounts of others, (4) If Principal shall pay when due to the person or persons entitled thereto the This stockyard and livestock dealer bond is required for livestock dealers as well as meat packers. A livestock dealer is a person who is engaged in the activity of buying, selling and negotiating the livestock. To be a licensed livestock dealer, the livestock dealer must inform the packers and administration of the US Department of Agriculture. After obtaining the livestock dealer license, only the dealer can engage in stockyards and livestock dealer bond. To obtain this license he has to apply to packers and stockyard of US Department of Agriculture. When a livestock dealer license has been obtained, the bond should be sent to the Minnesota department of agriculture. Each stockyard and livestock dealer must obtain a stockyards and livestock dealer bond from the U.S Department of Agriculture as required by the state law. The livestock includes cattle, sheep, swine, and goats and so on.
Program: Our agency currently has several specialty programs that can help you place your Packers And Stockyards Act Bond.
Packers And Stockyards Act Bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25%.
Always check with the "Obligee" for details
Our application process for a Packers And Stockyards Act Bond is easy. You can apply for the Packers And Stockyards Act Bond Application .Find this bond for another state
Obligee InformationAn obligee is the entity that is requiring you to have the Packers And Stockyards Act.
|State||Surety Bond type||Bond Amount||Obligee||More info|
|Federal||Packers & Stockyards Bond||$10,000||Us Department Of Agriculture Grain Inspection||Federal Packers & Stockyards Bond|
|Georgia||Packers & Stockyards Bond||$35,000||State Of Georgia||Georgia Packers & Stockyards Bond|
|Idaho||Packers & Stockyards Bond||$35,000||Us Department Of Agriculture||Idaho Packers & Stockyards Bond|
|Illinois||Packers & Stockyards Bond||$20,000||Us Department Of Agriculture Grain Inspection||Illinois Packers & Stockyards Bond|
|License Permit||Packers And Stockyards Act Bond||License Permit Packers And Stockyards Act Bond|
|Mississippi||Packers & Stockyards Bond||Us Department Of Agriculture Grain Inspection Packers||Mississippi Packers & Stockyards Bond|
|Ohio||Packers & Stockyards Bond||$10,000||Us Department Of Agriculture Food And Nutrition Service||Ohio Packers & Stockyards Bond|
|South Carolina||Packers & Stockyards Bond||$10,000||Packers And Stockyards Program State Of South Carolina||South Carolina Packers & Stockyards Bond|
|Texas||Packers & Stockyards Bond||$20,000||Us Department Of Agriculture Gipsa||Texas Packers & Stockyards Bond|
|Washington||Packers & Stockyards Bond||$10,000||Us Department Of Agriculture||Washington Packers & Stockyards Bond|