New York farm products dealer bonds.
From $100.
The security the Department of Agriculture and Markets requires before it licenses a farm products dealer under Agriculture and Markets Law Article 20. It protects the producers you buy from if you fail to pay them. Premiums start at $100 — the bond amount itself is set by Ag & Markets based on your volume of purchases.
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How much does a New York farm products dealer bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Apply today. Filed once it clears.
From $30,000, the check is a soft pull that never affects your score. Here is the whole thing:
Apply online
Your business details and the bond amount Ag & Markets requires for your license — that is the application. From $30,000, the check is a soft pull that never affects your score.
Reviewed & issued
Most applications clear quickly. Your price is 1% of the bond amount, with a $100 minimum, not a credit-tier range. Larger amounts may get a brief underwriter look.
File with Ag & Markets
Submit the executed bond with your farm products dealer license application or renewal to the Department of Agriculture and Markets. Wet-ink originals mailed whenever the Department insists on them.
What it is and who needs it.
What the farm products dealer bond actually covers
New York licenses farm products dealers — commission merchants, dealers, brokers, and processors who buy or receive farm products from New York producers to resell at wholesale — through the Department of Agriculture and Markets under Agriculture and Markets Law Article 20. Dealers above the statutory volume threshold must be licensed.
As a condition of the license, a dealer must file security — a bond or letter of credit — that protects the producers it buys from. If the dealer fails to pay a producer in full, the producer can recover against the bond. The bond guarantees the dealer accounts honestly for the farm products it handles and pays producers fully and promptly.
The bond amount is set by Ag & Markets, based on the dealer's dollar volume of purchases and financial condition — so it scales with the size of your operation. We price whatever amount the Department requires with premiums starting at $100. From $30,000, the check is a soft pull that never affects your score. Your premium is fixed at 1% of the bond amount, with a $100 minimum.
You need this 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
File with Ag & Markets. Submit the executed bond with your farm products dealer license application or renewal to the Department of Agriculture and Markets. Wet-ink originals mailed whenever the Department insists on them.
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. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, no credit check up to $25,000.
Submit the application with the bond amount Ag & Markets requires. From $30,000, the check is a soft pull that never affects your score, and most applications clear the same day.
Start the application →Common questions.
Other New York bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Farm products dealer bond, priced honestly.
Premiums from $100 on the bond amount. No credit check up to $25,000. File with Ag & Markets the same day.