agricultural packers bonds

Why This Is Important, Agricultural Packers Bond

Livestock Market Agencies, 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, Dealers and Packers Bond underneath the Packers and Stockyards Act of 1921 as amended. NRS 576.137 Exemption for money buyer buying for own use. A cash purchaser, purchasing for his or her own use, could also be exempted by the Division from the requirements of this chapter upon the purchaser’s submitting of an affidavit stating such info as may be required by the Division.

The Director shall, after a hearing, difficulty an order both issuing, renewing, refusing to issue or renew, reinstating, or revoking the license. Such written notice could also be served personally on the respondent, or by registered or licensed mail sent to the respondent’s business address as shown in his latest notification to the Division.

Agricultural Packers Bond, A Guide

After posting ample bond, submitting a present monetary statement and passing fundamental checks of economic accountability, dealers and auction markets are granted a license. The quantity of the bond or deposit shall not be lower than the closest multiple of 1 thousand dollars above the common day by day value of livestock bought by the supplier or broker for the accounts of others and livestock bought by the seller or broker for the vendor’s or broker’s or for the accounts of others on the dealer’s or dealer’s ten largest enterprise days through the preceding twelve months or such part thereof as the seller or dealer was purchasing, promoting, or exchanging livestock. In no case shall the amount of the bond or deposit whole lower than ten thousand dollars.

The Georgia Livestock Packers – Agriculture Stockyards Act $1 to $50,000 surety bond begins at $100.00 plus delivery costs and charges. Your final price will seem on the next web page. The bond is issued in quantities starting at 1.00. EZ Surety Bonds instantly emails an digital PDF model of the Livestock Packers – Agriculture Stockyards Act $1 to $50,000 surety bond, and mails a moist-signature version of the bond the same day. For trackable overnight supply of the wet-signature version of the Livestock Packers – Agriculture Stockyards Act $1 to $50,000 bond, choose FedEx for an extra price.

The Commissioner of Agriculture is authorized to enter into agreements with the United States Authorities for the conduct of aquatic plant management projects beneath the provisions of Public Laws eighty five-500, 87-874 and 89-298, and to present such assurances on behalf of the State as could also be required beneath the provisions of such legal guidelines.

Agricultural Packers Bonds Banking Blog

Our attorneys come from agricultural backgrounds with arms-on experience in the discipline. 1. Software for Livestock Auction Market License form (SFN 53278) is listed beneath. Please make certain all questions are answered and your signature is NOTARIZED. If the appliance is incomplete, it is going to be returned.

NRS 576.123 Records of commission retailers, dealers and brokers. NRS 576.0152 Director” defined. Director” means the Director of the Department.

When Referring To Agricultural Packers Bond

Livestock vendor; license; utility; bond; kind; renewal; fee; disposition. A livestock “supplier” is anyone engaged within the enterprise of buying, selling or negotiating the transfer of livestock. “Seller” consists of, however is just not limited to, stockyards, public sale markets, shopping for stations and focus factors. IC 15-2.1-2-thirteen. Livestock dealers should be licensed beneath state legislation.