Louisiana — Grain Dealer - LACC Bond
The Louisiana Grain Dealer LACC Bond is a financial security instrument required for entities operating as grain dealers within the state. It provides assurance to the Louisiana Agricultural Commodities Commission that the dealer will fulfill its obligations to agricultural producers and patrons.
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- Recorded state
- Louisiana
- Bond type
- Grain Dealer Bond
- Category
- Agriculture & fisheries
What this bond does
This bond protects agricultural producers and warehouse patrons by ensuring that dealers meet their financial and operational duties, specifically regarding payments for sold commodities and the proper delivery of stored agricultural products.
- Who needs it
- Businesses and individuals operating as grain dealers in Louisiana who are mandated to provide security to the Louisiana Department of Agriculture and Forestry.
- Who it protects
- This bond serves as a surety agreement protecting producers and patrons against a grain dealer's failure to pay for commodities or failure to release stored goods. It ensures financial accountability for the principal's duties under the Agricultural Commodity Dealer and Warehouse Law.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- LACC Bond Requirement Document (opens in a new tab)Checked October 18, 2026
Have these ready
- Identify the exact required bond amount as specified by your regulatory documentation.
- Ensure all internal records regarding commodity transactions and warehouse receipts are accurate and up to date.
- Coordinate with a licensed surety provider to execute the bond form provided by the Louisiana Agricultural Commodities Commission.
- Verify that the principal and surety signatures are correctly dated before filing with the obligee.
Questions about this bond
Who is the obligee for this bond?
The obligee is the Louisiana Agricultural Commodities Commission, part of the Louisiana Department of Agriculture and Forestry.
Does this bond protect against warehouse storage issues?
Yes, it covers the obligation to deliver agricultural commodities stored in a facility to the depositor upon lawful order.
Can I cancel the bond at any time?
The surety may only cancel the bond by providing written notice to the obligee at least 90 days before the anticipated cancellation date.
Are the acts of my employees covered by this bond?
Yes, the bond covers acts, omissions, or failures of the principal's authorized agents as if they were the personal acts of the principal.