A Deeper Look At Agricultural Packers Bond
Specializing in Offering Surety Bonds to Companies and People throughout the United States. Particular person dealer license: for particular person sellers and market agencies not operating as a advertising facility.
Should any vendor in agricultural merchandise fail, or neglect to apply and qualify for the renewal of a license, or register an affidavit of exception, on or earlier than the date of expiration, a excessive-high quality of 100 dollars shall apply and be added to the original value and shall be paid by the seller sooner than the renewal may be issued. An additional implausible of one hundred dollars shall be utilized for each month or a part of a month beyond the primary month after expiration.
Agricultural Packers Bond, A Detailed Analysis
Livestock Market Companies, Sellers 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, Sellers and Packers Bond underneath the Packers and Stockyards Act of 1921 as amended. Nonetheless, in plenty of states, these companies also need to get a bond to fulfill state businesses’ necessities. A few of the businesses that have to be bonded embody cotton dealers and warehouses, grain sellers and warehouses, agricultural brokers, distributors, dealers and sales agents, and livestock and equine sellers and brokers.
Sec. 147.026. RECORDING OF BOND AND STATEMENT OF GROSS SALES. (a) The county decide shall file every fee product owner’s bond with the county clerk, who shall record the bond at size in information maintained for that objective labeled “Bonds of Livestock Fee Retailers” or “Bonds of Livestock Auction Fee Merchants,” as relevant. The records must be correctly listed.
NRS 576.0135 Fee merchant” outlined. Commission merchant” means any person other than a vendor, dealer or money buyer, who receives on consignment or solicits from the producer thereof for the aim of resale, or who sells or offers for sale on fee any farm product or livestock, or who in any method handles for the account of, or as an agent of, the producer thereof on a fee basis any farm merchandise or livestock.
Agriculture Code Chapter 147. Livestock Commission Retailers
Packers and Stockyard Bonds also referred to as a livestock bonds are required by the Federal Authorities as regulated by the Division of Agriculture. EZ Surety Bonds has simplified the method of purchasing surety bonds. Complete the applying at left. Click View Bond at the finish of the applying. Assessment your bond on-line. Buy your bond safely and securely with Credit score Card. Receive an digital PDF version of the bond via e mail immediately and a wet-signature version of the bond via US Mail or FedEx. Out there Immediately. Name The Warnock Agency, 866-546-4605 with any questions.
2. In furtherance of any such investigation, examination or inspection, the Department or any authorized consultant could examine that portion of the ledgers, books, accounts, memoranda and other documents, farm products, scales, measures and different articles and issues utilized in connection with the enterprise of the person referring to the transaction involved.
When Referring To Agricultural Packers Bond
Specializing in Offering Surety Bonds to Companies and People throughout the United States. The identical circumstances are utilized to sellers of citrus fruit. Citrus fruit has a particular form of bond, referred to as a citrus bond, however the perform is analogous as with agricultural bonds. Addressing the NCBA Keep Cattle Promoting Committee, John Queen, from the South Jap Livestock Change in North Carolina mentioned that the trade had been failed by two entities involved with Jap Livestock.