Livestock Market Agencies, Dealers and Packers are required by the United States Department of Agriculture (USDA) Grain Inspection, Packers and Stockyards Administration's Packard and Stockyards Program to file a Livestock Market Agencies, Dealers and Packers Bond under the Packers and Stockyards Act of 1921 as amended. Agricultural Marketing Service, Packers and Stockyards Division Page 1 of 61 * These are mailing locations; please contact the business to verify physical address. ** Firms with multiple plants may be listed only by headquarters location; if multiple DBAs are listed, bond amount shown is generally the firm total coverage.

Type of Bond. Packers And Stockyards Act bonds are required by The obligee to comply with the state, city, county, or federal government licensing requirements. The obligee is the government entity requiring you to get the bond. There are a variety of types of surety bonds, each with its own requirements and uses. Livestock (Packers and Stockyards) Surety Bonds have a minimum bond amount of $10,000. The bond amount is the average dollar value of business conducted in two business days and is based on the annual livestock report the principal is required to submit, per the PSA. It is recommended that you consult the PSA for your specific needs prior to What Is a Livestock Dealer Bond? Entities engaged in buying and selling of livestock across the U.S. need a livestock dealer bond. It’s required before they can obtain a state livestock dealer license and operate in legal compliance with the Packers and Stockyards Act of 1921.. The purpose of this surety bond is to guarantee that dealers will act in accordance with applicable rules, and that BOND U.S. DEPARTMENT OF AGRICULTURE GRAIN INSPECTION, PACKERS AND REQUIRED OF LIVESTOCK MARKET AGENCIES, DEALERS, AND STOCKYARDS ADMINISTRATION PACKERS PACKERS AND STOCKYARDS PROGRAMS Subject to the Packers And Stockyards Act, 1921, as Amended and Supplemented 1. Bond Number _____ 2. Principal Name, Address, and Phone Number 3. Surety Name The insurance company issuing any surety bond, such as the Packers and Stockyards (Clause 2) bond, will also be referred to as the "surety company" or the "bond company". The business is referred to as the Principal, the surety bond company as the Obligor and the as the Obligee. Livestock Market Agencies, Dealers and Packers are required by the United States Department of Agriculture (USDA) Grain Inspection, Packers and Stockyards Administration's Packard and Stockyards Program to file a Livestock Market Agencies, Dealers and Packers Bond under the Packers and Stockyards Act of 1921 as amended. Agricultural Marketing Service, Packers and Stockyards Division Page 1 of 61 * These are mailing locations; please contact the business to verify physical address. ** Firms with multiple plants may be listed only by headquarters location; if multiple DBAs are listed, bond amount shown is generally the firm total coverage.

What Is a Livestock Dealer Bond? Entities engaged in buying and selling of livestock across the U.S. need a livestock dealer bond. It’s required before they can obtain a state livestock dealer license and operate in legal compliance with the Packers and Stockyards Act of 1921.. The purpose of this surety bond is to guarantee that dealers will act in accordance with applicable rules, and that

(2) "Bond equivalent" means a letter of credit or trust fund agreement that complies with the packers and stockyards act of 1921, as amended, and regulations  We accept Packers and Stockyard Admin. bonds. Please include a copy of the bond. Wool Dealers Bond Form - (SFN 58642) is listed below. 4. Financial  You can also download the application from this webpage, however the MDA cannot issue your license until the Packers and Stockyards registration/bonding is  MARKET AGENCY, DEALER AND PACKER BONDS. 201.29 Market agencies, packers and dealers required to file and maintain bonds. 201.30 Amount of  Packers and Stockyards Act, 7 U.S.C. secs. 181-229b, or regulations promulgated under the Act shall forward a copy of the bond or other security instrument or. Surety bonds are legally binding contracts ensuring obligations between parties: the principal, the obligee and the surety. Our agency can get you a free quote.

§ 201.29 Market agencies, packers and dealers required to file and maintain bonds. § 201.30 Amount of market agency, dealer and packer bonds. § 201.31 Conditions in market agency, dealer and packer bonds. § 201.32 Trustee in market agency, dealer and packer bonds.

4 Jun 2019 Currently there is limited protection to livestock sellers as part of the Packers and Stockyards Act as dealers are only required to have a bond, 

Agricultural Marketing Service, Packers and Stockyards Division Page 1 of 61 * These are mailing locations; please contact the business to verify physical address. ** Firms with multiple plants may be listed only by headquarters location; if multiple DBAs are listed, bond amount shown is generally the firm total coverage.

USDA Packers and Stockyard Surety Bonds are surety bonds required by the State and the Federal Governments. Similarly related surety bonds are Warehouse  Agricultural dealers or packers often need a license and an agricultural bond in bond guarantees compliance with the Federal Packers and Stockyards Act as  7 Oct 2016 Q:\COMP\AGMISC\Packers And Stockyards Act, 1921.xml stated in the petition, together with a bond in such sum as the court may determine  A market agency acting as a clearing agent agrees to provide bond and otherwise take financial responsibility for one or more market agency or dealer’s livestock purchases subject to the Packers and Stockyards Act (Act). The following lists include regulated entities subject to the Act who are required to maintain a bond.

Bonds. Market agencies, packers whose average annual purchases of livestock exceed $500,000, and “every other person operating as a dealer” must maintain a bond as a means of protecting livestock sellers. Id. at § 204. The amount of the bond is typically based on the volume of business done in two business days and is usually at least $10,000.

(a) A bond of a surety company authorized to do business in this state in the form All weighing facilities operated under the "Packers and Stockyards Act of  This surety bond is a necessity when obtaining a livestock dealer license under the Packers and Stockyards Act. A livestock dealer bond helps guarantee that a 

Packers and Stockyards Division (PSD), part of AMS’ Fair Trade Practices Program (FTPP), monitors industry activities and conducts regulatory compliance reviews and investigations to determine whether subject persons and firms are complying with the Packers and Stockyards Act (P&S Act) and regulations. kets and stockyards may refuse to sell to a potential buyer. They may also demand cash payment prior to releasing the livestock. Failure to Pay for Livestock To report that a buyer has not promptly paid you for a livestock transaction, contact GIPSA, Packers and Stockyards Program (P&SP) at the addresses and telephone numbers listed on the back. Type of Bond. Packers And Stockyards Act bonds are required by The obligee to comply with the state, city, county, or federal government licensing requirements. The obligee is the government entity requiring you to get the bond. There are a variety of types of surety bonds, each with its own requirements and uses. Livestock (Packers and Stockyards) Surety Bonds have a minimum bond amount of $10,000. The bond amount is the average dollar value of business conducted in two business days and is based on the annual livestock report the principal is required to submit, per the PSA. It is recommended that you consult the PSA for your specific needs prior to What Is a Livestock Dealer Bond? Entities engaged in buying and selling of livestock across the U.S. need a livestock dealer bond. It’s required before they can obtain a state livestock dealer license and operate in legal compliance with the Packers and Stockyards Act of 1921.. The purpose of this surety bond is to guarantee that dealers will act in accordance with applicable rules, and that BOND U.S. DEPARTMENT OF AGRICULTURE GRAIN INSPECTION, PACKERS AND REQUIRED OF LIVESTOCK MARKET AGENCIES, DEALERS, AND STOCKYARDS ADMINISTRATION PACKERS PACKERS AND STOCKYARDS PROGRAMS Subject to the Packers And Stockyards Act, 1921, as Amended and Supplemented 1. Bond Number _____ 2. Principal Name, Address, and Phone Number 3. Surety Name The insurance company issuing any surety bond, such as the Packers and Stockyards (Clause 2) bond, will also be referred to as the "surety company" or the "bond company". The business is referred to as the Principal, the surety bond company as the Obligor and the as the Obligee.