Minnesota wholesale produce dealer bonds.
From $100.

Minnesota repealed its statutory wholesale produce dealer bond in 2020 and replaced it with a statutory trust. A produce dealer bond today is usually a legacy, contractual, or out-of-state requirement, not a current Minnesota license mandate. Whatever amount you were asked for, the premium is 1% of the bond amount, $100 minimum.

✓

The MN statutory bond was repealed in 2020 — old Minn. Stat. 27.04 / 27.041 no longer apply

✓

Now usually a contractual, supplier, or out-of-state requirement — confirm who is asking and why

✓

1% of the bond amount, $100 minimum, soft pull only — credit affects approval, never a hard inquiry

1% rate$100 minimum premiumSoft pullnever a hard inquiryFastinstant underwriting

Trusted by industry leaders

How it works

Apply to issued, simply.

Enter your amount, consent to a soft credit pull, and pay. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount you were asked for, and the effective date — plus a one-time consent to a soft credit pull.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

SAME DAY OR NEXT

Deliver to whoever required it

Pay online and receive the executed bond, ready to give to your contract counterparty, supplier, or other state. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What changed in 2020 — read this first

For decades Minnesota required wholesale produce dealers to file a surety bond with the Department of Agriculture under Minn. Stat. 27.04 / 27.041. The bond protected unpaid producers if a dealer failed to pay for perishable products.

In 2020 the legislature repealed those bond sections (2020 Minn. Laws ch. 89) and replaced the protection with the Farm Products Dealers Trust under Minn. Stat. 27.138 — perishable and manufactured farm products, and their sale proceeds, are now held in trust for the benefit of unpaid sellers, operating like a priority lien instead of a bond.

So if someone asks you for a Minnesota produce dealer bond today, it is generally a legacy filing, a private contract or supplier requirement, or another state’s requirement — not a current Minnesota license condition. The premium is 1% of the bond amount, $100 minimum, but confirm who is requiring it and why before you buy, since the state mandate no longer exists.

Minn. Stat. 27.04 / 27.041 (repealed 2020) · 27.138 (trust)Minnesota’s statutory wholesale produce dealer bond (former Minn. Stat. 27.04 and 27.041) was repealed by 2020 Minn. Laws ch. 89, art. 1, §21. The legislature replaced it with the Farm Products Dealers Trust under Minn. Stat. 27.138, under which farm products and their proceeds are held in trust for unpaid sellers. There is no current Minnesota statutory bond mandate for produce dealers — confirm the source of any bond requirement before purchasing.

You might still need a bond if you are

✓

Asked by a supplier or buyer whose contract conditions business on a surety bond

✓

Licensed in another state that still requires a produce or farm-products dealer bond

✓

Carrying a legacy bond a counterparty has not updated since the 2020 change

✓

Reassuring growers voluntarily that they will be paid for what they ship you

One application, soft pull only.

Submit the application with the bond amount you were asked for and a one-time consent to a soft credit pull — it never affects your score, and the rate stays 1% of the bond amount either way.

Start the application →

FAQ

Common questions.

Does Minnesota still require a wholesale produce dealer bond?No — Minnesota repealed the statutory produce dealer bond in 2020 (former Minn. Stat. 27.04 / 27.041) and replaced it with the Farm Products Dealers Trust under Minn. Stat. 27.138. A bond today is generally a contractual, supplier, legacy, or out-of-state requirement, not a current state license condition.

Then why might I need one?Because a private contract, a supplier, another state, or an older filing still calls for it. We will issue whatever you were asked for — just confirm the source first, since the Minnesota mandate no longer exists.

How much is it?The premium is 1% of the bond amount, with a $100 minimum — priced off the amount, not a credit tier. Because there is no statutory amount anymore, you enter the figure whoever is requiring the bond asked for, and your exact price appears at the application.

Is there a credit check?Yes — one soft credit pull, never a hard inquiry, and it never affects your score. It informs approval, not the quoted price: credit can affect whether we approve the bond, never inflate it beyond the price you're shown.

What is the Farm Products Dealers Trust?The 2020 replacement for the bond. Under Minn. Stat. 27.138, a dealer’s perishable and manufactured farm products and their sale proceeds are held in trust for unpaid sellers — a priority claim that protects growers without a surety bond.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Minnesota bonds.

Produce dealer bond, if you still need one.

1% of the bond amount with a $100 minimum, soft pull only. Confirm who is requiring it, enter the amount, and deliver it the same day.

Start application

Your premiumfrom $100

Apply now →