Minnesota wholesale produce dealer bonds.
From $100.
Minnesota repealed its statutory wholesale produce dealer bond in 2020 and replaced it with a statutory trust. A produce dealer bond today is usually a legacy, contractual, or out-of-state requirement, not a current Minnesota license mandate. Whatever amount you were asked for, the premium is 1% of the bond amount, $100 minimum.
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How much does a Minnesota wholesale produce dealer bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Apply to issued, simply.
No credit check up to $25,000. Here is the whole thing:
Apply online
No credit check up to $25,000.
Approved
Most are approved as soon as you apply. No credit check up to $25,000. If it needs a second look, one to two business days at most.
Deliver to whoever required it
Pay online and receive the executed bond, ready to give to your contract counterparty, supplier, or other state. Wet-ink originals mailed on request.
What it is and who needs it.
What changed in 2020 — read this first
For decades Minnesota required wholesale produce dealers to file a surety bond with the Department of Agriculture under Minn. Stat. 27.04 / 27.041. The bond protected unpaid producers if a dealer failed to pay for perishable products.
In 2020 the legislature repealed those bond sections (2020 Minn. Laws ch. 89) and replaced the protection with the Farm Products Dealers Trust under Minn. Stat. 27.138 — perishable and manufactured farm products, and their sale proceeds, are now held in trust for the benefit of unpaid sellers, operating like a priority lien instead of a bond.
So if someone asks you for a Minnesota produce dealer bond today, it is generally a legacy filing, a private contract or supplier requirement, or another state’s requirement — not a current Minnesota license condition. The premium is 1% of the bond amount, $100 minimum, but confirm who is requiring it and why before you buy, since the state mandate no longer exists.
You might still need a bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Deliver to whoever required it. Pay online and receive the executed bond, ready to give to your contract counterparty, supplier, or other state. Wet-ink originals mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000.
One application, no credit check up to $25,000.
Submit the application with the bond amount you were asked for; the rate stays 1% of the bond amount either way.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Produce dealer bond, if you still need one.
1% of the bond amount with a $100 minimum, no credit check up to $25,000. Confirm who is requiring it, enter the amount, and deliver it the same day.