The New York Farm Products Dealer Bond is required by the New York Commissioner of Agriculture and Markets. The bond ensures that the bondholder will comply with the provisions of Article 20 of the Agriculture and Markets Law. It requires the bondholder to honestly account for all farm products received for handling or sale. In addition, it ensures producers are paid fully and promptly.
Who needs a Farm Products Dealer Bond?
If your annual purchases/dealings of farm animals from New York producers exceed $20,000 you will need to apply for a Farm Products Dealer License. Licensed dealers are required to file security in the form of the Farm Products Dealer bond.
What is the bond amount?
The bond amount is based on the applicants dollar volume of business and its financial condition. The Division of Agricultural Protection and Development Services is tasked with determining the amount required.
In order to find out your cost for the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available, so we will be able to get you bonded quickly at the best possible price.
How can I obtain a New York Farm Products Dealer Bond?
With Surety1, you will only pay a small percentage of the given surety bond amount. In order to get your surety bond, we ask that you complete our online application form. We will then give you a no-obligation quote for your New York Farm Products Dealer Bond.
With our fast and efficient service, your bond can get approved within one business day. As soon as you pay the quoted amount of your bond and sign the paperwork, we will send the surety bond via USPS Priority Mail or overnight delivery.
Surety1 was established in 2003. Our headquarters are located in California, but we are licensed to operate and issue bonds in all 50 states. Our fast and friendly service has made us one of the top surety bond companies. It also helps us maintain an A+ rating from the Better Business Bureau.