NY farm products dealer bonds.
3% flat. $275 minimum.
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. We price it at a flat 3% of the bond amount, $275 minimum — the amount itself is set by Ag & Markets based on your volume of purchases.
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Apply today. Filed once it clears.
This bond carries a soft credit pull, so there is a light underwriting step — but it is quick, and the pull never touches 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. We run a soft credit pull, which affects approval only, never your price or your credit score.
Reviewed & issued
Most applications clear quickly on the soft pull. The 3% rate is fixed regardless of what the pull shows — credit affects whether we approve, not what you pay. 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.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. The amount is set by Ag & Markets from your volume of purchases, so it varies dealer to dealer — here is how a few common figures price out:
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 at a flat 3%, $275 minimum. This bond carries a soft credit pull: it informs approval only, and never changes the rate or touches your credit score.
You need this bond if you are
Five minutes, then a quick soft-pull review.
Submit the application with the bond amount Ag & Markets requires. We run a soft credit pull — it affects approval only, never your price — and most applications clear the same day.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Farm products dealer bond, priced honestly.
Five-minute application, flat 3% of the bond amount, $275 minimum. Soft credit pull only — it affects approval, not your price. File with Ag & Markets the same day.