License Permit Packers And Stockyards Act | Packers And Stockyards Act Surety Bond

Type of Bond

The 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

The price you'll pay for your Packers And Stockyards Act Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of Packers And Stockyards Act Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a Packers And Stockyards Act Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Packers And Stockyards Act Bond Application process.