Michigan wholesale potato dealer bonds.
From $100.

Every licensed wholesale potato dealer in Michigan files a bond with MDARD (form PI-215) to protect growers if a dealer doesn’t pay. Pricing is 1% of the bond amount, $100 minimum, with a soft credit pull only — enter the amount MDARD set and your exact price appears at the application.

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Required for a wholesale potato dealer license through MDARD

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Protects Michigan potato growers and sellers by guaranteeing prompt payment and fair dealing

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Priced at 1% of the bond amount, $100 minimum — a soft credit pull that never affects your score confirms your exact price

1% of amount$100 minimum, checkout-verifiedSoft pullnever a hard inquiryExact pricebefore you pay

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How it works

Three steps. One sitting.

Enter your amount, consent to a soft credit pull, and file with MDARD. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, your dealer location, the bond amount MDARD set, and the effective date — that is the application, plus a one-time soft-pull consent.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

SAME DAY

File with MDARD

Receive the executed bond (form PI-215) ready to file with your wholesale potato dealer license application before June 1. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the potato dealer bond actually guarantees

Michigan licenses wholesale potato dealers through MDARD (the Department of Agriculture & Rural Development). A wholesale potato dealer buys potatoes directly from Michigan growers or grower cooperatives, or handles them in wholesale lots for processing or resale — and must post a bond (or letter of credit) as a condition of licensure.

The bond is a grower-protection guarantee, filed on form PI-215. It ensures the dealer pays growers promptly, deals fairly, and meets its contractual obligations. If a dealer fails to pay for potatoes it bought, the harmed grower can recover against the bond.

It is not insurance for you — if the surety pays a claim, you repay the surety. The license renews annually (application and bond due before June 1), and the bond amount is set by MDARD. Enter that figure — pricing starts from $100 with a soft credit pull only.

MDARD Wholesale Potato Dealer license (form PI-215)Michigan wholesale potato dealers are licensed by MDARD and must post a surety bond (or letter of credit) on form PI-215 as a condition of licensure. The bond protects growers and sellers by guaranteeing prompt payment and fair dealing. The license and bond are due before June 1 each year; confirm your required bond amount with MDARD.

You need this bond if you are

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Buying potatoes directly from Michigan growers or grower cooperatives at wholesale

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Handling potatoes in wholesale lots for processing or resale to other dealers, retailers, or institutions

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Applying for a wholesale potato dealer license through MDARD

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Renewing your dealer license before the June 1 deadline

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.

Start the application →

FAQ

Common questions.

How much is the Michigan wholesale potato dealer bond?The bond is priced at 1% of the bond amount, $100 minimum. The bond amount itself is set by MDARD on your license application. Enter that figure and your exact price appears at the application.

Who requires this bond?MDARD requires it as a condition of a wholesale potato dealer license. The bond (form PI-215) protects growers and sellers by guaranteeing prompt payment and fair dealing.

Can I use a letter of credit instead?Yes — MDARD accepts either a surety bond or a letter of credit. A surety bond is usually cheaper, priced at 1% of the bond amount, $100 minimum, rather than tying up the full amount at a bank.

Is there a credit check?Yes — one soft credit pull, which never affects your score. It informs approval only, and your exact price appears at the application.

When is the license due?Wholesale potato dealer licenses renew annually, with the application and bond (or letter of credit) and fee due before June 1 each year. We issue the executed bond ready to file with your application.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Michigan bonds.

Potato dealer bond, issued today.

Pricing from $100, soft pull only. Enter the amount MDARD set and file before June 1.

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