New Jersey Produce Dealer Bond |
AmeriPro Surety Bonds | 844-589-9732
Produce Dealers – New Jersey
Produce dealers in New Jersey who deal in milk, eggs, hay, grain, straw, vegetable, and even live poultry, are required to furnish the state Department of Agriculture with evidence of a surety bond.
AmeriPro Surety Bonds offers you this surety bond for timely filing with the Department.
New Jersey Produce Dealer Bond: Calculating the Amount Required and the Bond’s Duration
According to state law, the amount of a New Jersey produce dealer bond will be the value of the products purchased or received within the last 12 months.
The bond has a maximum amount of $150,000.
When issued, your produce dealer surety bond will be active for one year from the date of issuance. After that time, it must be renewed.
While our agency will work to get you the best pricing on whatever bond amount you require, verification of any surety bond amount required is always best handled by speaking with the Department of Agriculture.
The price of a New Jersey produce dealer bond will depend on the following:
The amount of surety bond required and information, including your credit, from a surety bond application.
No hard and fast rule can be given, but as a broad general rule, a bond for someone with good credit may cost as little as 1% annually of the bond’s amount.
The Purpose of this Surety Bond
The purpose of the New Jersey produce dealer bond is a financial guarantee that licensed produce dealers will be in compliance with all statutory and federal regulations of produce dealing.
The bond, written in favor of the Department of Agriculture, protects the department and the state of New Jersey against any acts of fraud, theft, negligence, malfeasance and misfeasance and other forms of misconduct on the part of a produce dealer.
In the case of any claims paid against your surety bond, as the bond’s principal, your are responsible for reimbursing the surety for all costs and fees paid against any claim.
AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit, contractor, court, and fiduciary surety bonds throughout New Jersey.
Our agency also provides surety bonds nationwide.
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