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
Packers & Livestock Bonds, or Packers & Stockyard Bond Agencies and dealers must provide and maintain a surety bond as a measure of protection for
Official Livestock Packers and Stockyards Bonds nationwide. Go Direct for a simple, accurate and affordable bonding experience. Learn more about bond The bond guarantees that livestock packers and stockyards (Principal) conduct fair business practices related to marketing livestock, meat, and poultry. The bond Livestock (Packers and Stockyards) Surety Bonds. Anyone engaged in the business of marketing livestock, meat and poultry for commercial purposes is subject to The Act provides payment protection by requiring prompt payment, bonding, packer and poultry trusts, and market agency custodial accounts. It covers unlawful
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.
Market agencies, dealers, and agricultural packers must secure an agricultural bond, sometimes referred to as a stockyards bond, so that a form of protection (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
Livestock Packers and Stockyards Bond Information The U.S. Department of Agriculture requires that livestock market agencies, dealers and packers post surety bonds to ensure ethical business practices, compliance with regulations, and proper fund disbursement.
USDA Packers and Stockyard Surety Bonds are surety bonds required by the State and the Federal Governments. Similarly related surety bonds are Warehouse
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.
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