Packers & Stockyards Bonds

No Membership Required for Packers and Stockyards Bonds

✔ Dealers
✔ Packers
✔ Market Agencies
✔ Clearing Agencies

WHAT WE DO

International Sureties has issued Packers & Stockyards bonds for decades, and our streamlined process provides quick feedback.  Our exclusive bond program typically offers terms within 24 hours without any membership organization to join.

 We also have a program in place to assist those with poor credit.

 Click below to apply or reach out to Liz Dukes directly.

For assistance with P&S Bonds, please contact our Packers & Stockyard Bond Specialist:

Liz Dukes

Liz Dukes

FAQs

Do you require membership in an organization to access the bond?

No.  That’s the short answer.  The only charges will be at the International Sureties industry leading rates without any additional fees unrelated to the bond.

Which Clause am I?

Clause 1 – Applicable if the bond Principal sells on commission

Clause 2 – Dealers and market agencies buying on commission

Clause 3 – Market agencies acting as a clearing agency for others

Clause 4 – Applicable if the Principal buys as a Packer

Are there any alternatives to getting a bond?

Yes, alternative forms of security include Trust Funds and Letters of Credit, which can be given directly to the USDA.  Typically both of these options require 100% collateral, while International Sureties attempts to qualify its clients for a bond without the need for any collateral, in a much cleaner, faster, and easier method to satisfying the USDA’s requirements.

How fast can the bond be issued?

The bond can be approved the same day a submission is made.

What happens if there is a claim on my bond?

The USDA will notify both you and the surety company about a claim.  It is in your best interest to handle the claim yourself without the surety making payment as any funds paid by the surety will have to be reimbursed to the surety including attorney’s fees, if any incurred.

What is a Packer & Stockyard Bond?

The bond secures a dealer, market agency buying on commission, or clearing agency’s obligations to livestock dealers. International Sureties has substantial resources to arrange for P&S bonds and keep the process easy and cost effective.

Per the USDA, every dealer, packer, market agency buying on commission, and clearing agency must execute and maintain a reasonable bond or bond equivalent, to secure its obligations to livestock sellers.

The amount is typically based on the volume of business done in two business days, but at a minimum of $10,000.  The figures are determined based on annual livestock self-reporting submitted to the Central Reporting Unit of the PSD by each entity.

The bond protects livestock sellers and ensures that any particular packer, dealer, seller on commission, or market agency acting as a clearing agency acts ethically so that any funds exchanged with any of these entities during the course of their regulated services are accounted for and not stolen or misappropriated before they reach the livestock seller.

Receive a Call or Email

Call, email, or submit this form to get in touch so we can get you the bond you need.

About Us

Helping our Clients Since 1972

International Sureties is the most specialized commercial surety bond facility in the country. Our narrow focus and the experience of our team has made us the leader in the industry. 

The company is licensed in all 50 states and has facilities in place to assist on an international basis. Woffer solid surety credit and capacity, and have arrangements and authority to answer your questions quickly and decisively.