MI dairy plant bonds.
Flat 3%. Enter your amount.
The producer-payment security a Michigan milk plant provides to the Department of Agriculture and Rural Development (MDARD) so the dairy farmers who ship to it get paid. The amount is set by MDARD from your milk receipts — we issue it at a flat 3% with one soft credit pull.
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Apply to approved in one sitting.
Producer-security bonds run one soft credit pull, then issue. Here is the whole thing:
Apply online
Your plant details, the security amount MDARD set, and the effective date — plus a one-time consent to a soft credit pull. That is the application.
Reviewed & approved
Most of these clear quickly; if underwriting needs anything on a larger amount, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
File with MDARD
Receive the executed bond on the form MDARD accepts, ready to submit to the Lansing office before shipments are received. Wet-ink originals mailed whenever the department insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time per term, $275 minimum. Enter the security MDARD set and the premium updates.
What it is and who needs it.
What the dairy plant bond actually covers
Michigan regulates milk plants through MDARD under the Manufacturing Milk Law and the Grade A dairy program. A milk plant that buys raw milk from producers must post producer security — most commonly a surety bond — so the dairy farmers who ship to it are protected against a default in payment.
The bond is payable to MDARD on a form it provides or accepts, and is conditioned on the faithful and proper discharge of the plant's duty to pay producers when payment is due. It is continuous and cancellable only on at least 90 days' written notice to MDARD.
The amount is set by the department — generally the value of your greatest 30-day milk receipts in your most recent fiscal year, or the greatest 30-day receipts anticipated in the licensing period, whichever is greater. Enter that figure and we issue the bond at a flat 3% with one soft credit pull.
You need this bond if you are
Five minutes, then a soft pull.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Enter the security amount MDARD set and submit.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Michigan dairy plant bond? +
Who requires this bond? +
Is there a credit check? +
How is the amount determined? +
How does cancellation work? +
Other New York bonds.
Producer security MDARD will accept.
Five-minute application, flat 3%, $275 minimum, soft pull only. Enter the amount MDARD set and file before shipments start.