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Nevada bonds

Nevada — Hay Dealer Bond

Buying hay from producers for resale can bring your business within Nevada's farm-products dealer rules. Match the dealer classification and security request before starting your hay dealer bond application through The Southern Agency.

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Recorded state
Nevada
Bond type
Agricultural Products / Produce / Feed Dealer Bond
Category
Agriculture & fisheries

What this bond does

Nevada's farm-products security provisions address covered business violations and unpaid obligations from buying and selling farm products. Hay is included in the statutory definition of farm products.

Who needs it
A hay business applying under the dealer, broker or commission-merchant provisions of NRS Chapter 576. The chapter distinguishes those roles from a cash buyer.
Who it protects
The prescribed bond secures judgments arising from covered business violations or nonpayment obligations. Its conditions and aggregate limit govern recovery; it does not insure hay against physical damage.

Your bond option

This is the option on record for this bond.

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.

Match the security to how you buy hay

Start with the transaction: who supplies the hay, whether you take ownership and when you pay. NRS 576.020 does not require a cash buyer or that buyer's agent to obtain the chapter's license, so the word dealer alone does not settle your classification.

NRS 576.040 bases security on annual purchase volume under the Department's schedule. Use the Department's determination and prescribed form rather than selecting a sum from another hay business's bond.

Purchase Now opens Propeller in a new tab. Have the applicant's legal name, classification and security instructions ready. Once issued, check the completed instrument and follow the Nevada Department of Agriculture's filing directions separately from the online application.

Sources

Have these ready

  1. Describe whether you buy hay, broker sales or receive it on consignment.
  2. Prepare annual purchase-volume information for the requested classification.
  3. Have the Department's security amount and prescribed form available.
  4. Check the legal business name and requested effective period before submitting the application.

Questions about this bond

Does every person buying hay need this bond?

No blanket conclusion follows from buying hay. Chapter 576 distinguishes dealers, brokers and commission merchants from cash buyers and includes exemptions. Match your activity to the Department's licensing instructions.

Is the amount the same for every dealer?

NRS 576.040 ties the security to annual purchase volume under a Department schedule. Obtain the amount for your business; this application does not display a fixed bond amount or term.

Does the bond cover spoiled or damaged hay?

Its security concerns the obligations in the prescribed bond. Physical damage to the hay is a separate issue, not a benefit established by this dealer bond.

Where do I complete the application?

Purchase Now takes you to Propeller in a new tab. Review the form and business details there, then handle issued-bond filing under the Department's instructions.

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