NY milk dealer bonds.
From $100.

The security the Department of Agriculture and Markets requires before licensing a milk dealer who buys from producers — it guarantees the dairy farmers get paid. Premiums start at $100, with a soft credit pull only that never touches your score.

Required by Ag & Markets to license a milk dealer that buys from producers
Guarantees prompt payment to the dairy farmers you purchase milk from
Soft pull only — light underwriting, no hard hit to your credit
From $100your exact price at applicationSoft pullonly, no score impact2% rate$100 minimum, amount-based pricing
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Apply to filed, with a light review.

A milk dealer bond carries a quick soft-pull review — not an underwriting marathon. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details and the bond amount Ag & Markets assigned you — the figure that scales with how much milk you buy from producers. That is the application.

SOFT PULL · SAME DAY

Quick credit review

We run a soft credit inquiry to confirm eligibility — pricing is 2% of the bond amount, with a $100 minimum, and the pull never affects your credit score. Most dealers clear it the same day.

SAME DAY

File with Ag & Markets

Submit the executed bond with your milk dealer license application or renewal to the Department of Agriculture and Markets. Wet-ink original mailed whenever they insist on one.

About this bond

What it is and who needs it.

What the milk dealer bond actually covers

New York licenses milk dealers through the Department of Agriculture and Markets under Agriculture and Markets Law Article 21. A dealer who buys milk from producers must secure those purchases — and one accepted way to do that is filing a surety bond guaranteeing prompt payment to the dairy farmers it buys from.

The bond runs to the benefit of the producers. If the dealer defaults on paying for milk it received, the farmers it bought from can recover against the bond. It is the same backstop the state's Milk Producers Security Fund provides — a bond is the alternate security a dealer can post instead.

The penal sum scales with your milk purchases — Ag & Markets sets it from the value of milk you bought from producers over your highest two consecutive months in the prior year. Enter whatever figure the Department assigned you, and your exact price appears at the application, starting at $100.

NY Agriculture and Markets LawAgriculture and Markets Law §258-b governs prompt payment for milk purchases, the Milk Producers Security Fund, and the bonding of milk dealers. A dealer buying from producers must secure those purchases through the fund or by filing alternate security — a surety bond or letter of credit — conditioned on prompt payment to the producers. The Department of Agriculture and Markets sets the amount from the dealer's milk purchases and issues the license.

You need this bond if you are

A licensed milk dealer — buying milk directly from producers or cooperatives in New York
Applying for a milk dealer license — the security is filed with your application to Ag & Markets
Posting alternate security instead of participating in the Milk Producers Security Fund
Renewing your license — Ag & Markets will not act on it until current security is on file

One application, then a quick soft pull.

Submit the application with the bond amount Ag & Markets assigned you. The credit check is a soft inquiry only — it never affects your score.

Start the application →
FAQ

Common questions.

How much is the New York milk dealer bond?Premiums are 2% of the penal sum, with a $100 minimum. The penal sum itself is set by Ag & Markets and scales with your milk purchases. Enter the figure the Department assigned you and your exact price appears at the application.
How is the bond amount determined?The Department of Agriculture and Markets sets it from the value of milk you purchased from producers in your highest two consecutive months over the preceding year. The more milk you buy, the larger the bond. We do not set the amount — enter the figure on your Ag & Markets paperwork.
Who requires this bond?The New York Department of Agriculture and Markets, under Agriculture and Markets Law §258-b. A milk dealer that buys from producers must secure those purchases — either by participating in the Milk Producers Security Fund or by filing a bond or letter of credit as alternate security. This bond is that alternate security.
Is there a credit check?A soft pull only. We run a soft credit inquiry to confirm eligibility — pricing is 2% of the bond amount, with a $100 minimum, and it does not affect your credit score or match the hard pull a lender runs. Most dealers clear the review the same day they apply.
What does the bond guarantee?Prompt payment to the dairy farmers you buy milk from. If a dealer defaults on paying producers for milk it received, those producers can recover against the bond. It is a guarantee to the farmers, not insurance for you — if the surety pays a claim, you repay the surety.
Related bonds

Other New York bonds.

Milk dealer bond, priced honestly.

Premiums from $100 on the penal sum, soft-pull review only. Your exact price appears before you pay, and it is filed with Ag & Markets the same day.

Your premiumfrom $100
Apply now →