Oregon livestock auction market bonds.
From $100.
This is the bond a licensed livestock auction market must maintain under ORS 599.245, approved by the Oregon Department of Agriculture. It secures the claims of the buyers and sellers of livestock who do business at your market. The Department sets the amount by schedule; pricing is 1% of that amount, with a $100 minimum.
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How much does an Oregon livestock auction market bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps to filed.
Your market license is waiting on this bond. Here's the whole process — no broker phone tag:
Apply once, online
Business details, the bond amount the Department set, and the effective date. The only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the Department
Pay online and receive the executed bond, ready to file with the Oregon Department of Agriculture to obtain or maintain your market license. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the auction market bond actually covers
Oregon licenses livestock auction markets through the State Department of Agriculture. Because a market holds the proceeds of sales between cattle, sheep, and other livestock buyers and sellers, ORS 599.245 requires every licensee to maintain a bond approved by the Department to secure its statutory duties and private obligations.
The bond is conditioned that the market will pay all legal claims that accrue in favor of a seller or buyer of livestock arising from the conduct of the market — most commonly, a seller who is not paid for animals consigned to the market.
The statute does not name a fixed dollar figure; the Department sets the amount by schedule, based on sales volume and other standards it adopts, and may ask for financial statements to size it. Whatever amount applies to your market, pricing is 1% of that amount, with a $100 minimum, plus one soft credit pull that never affects your score.
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
E-sign & file with the Department. Pay online and receive the executed bond, ready to file with the Oregon Department of Agriculture to obtain or maintain your market license. Wet-ink originals mailed whenever the Department insists.
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.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
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 →Common questions.
Other Oregon bonds.
Price and requirements checked on the carrier’s application, . Page updated .
The Department is waiting on one document.
Pricing from $100, soft pull only. Enter the amount the Department set and file the same day.