Oregon livestock auction market bonds.
From $100.

This is the bond a licensed livestock auction market must maintain under ORS 599.245, approved by the Oregon Department of Agriculture. It secures the claims of the buyers and sellers of livestock who do business at your market. The Department sets the amount by schedule; pricing is 1% of that amount, with a $100 minimum.

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Required to operate a licensed livestock auction market under ORS 599.245

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Amount set by the Department of Agriculture by schedule — based on sales volume and other standards

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Soft credit pull only — never affects your score, with pricing at 1% of your bond amount, $100 minimum

A-ratedA.M. Best carriersSoft pullnever affects your score1% of bond amount$100 minimum

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How it works

Three steps to filed.

Your market license is waiting on this bond. Here's the whole process — no broker phone tag:

TODAY · ONLINE

Apply once, online

Business details, the bond amount the Department set, and the effective date. The only extra step is 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.

WHEN YOU PAY

E-sign & file with the Department

Pay online and receive the executed bond, ready to file with the Oregon Department of Agriculture to obtain or maintain your market license. Wet-ink originals mailed whenever the Department insists.

About this bond

What it is and who needs it.

What the auction market bond actually covers

Oregon licenses livestock auction markets through the State Department of Agriculture. Because a market holds the proceeds of sales between cattle, sheep, and other livestock buyers and sellers, ORS 599.245 requires every licensee to maintain a bond approved by the Department to secure its statutory duties and private obligations.

The bond is conditioned that the market will pay all legal claims that accrue in favor of a seller or buyer of livestock arising from the conduct of the market — most commonly, a seller who is not paid for animals consigned to the market.

The statute does not name a fixed dollar figure; the Department sets the amount by schedule, based on sales volume and other standards it adopts, and may ask for financial statements to size it. Whatever amount applies to your market, pricing is 1% of that amount, with a $100 minimum, plus one soft credit pull that never affects your score.

ORS 599.245 (Dept. of Agriculture)ORS 599.245 requires each licensed livestock auction market to maintain a bond approved by the State Department of Agriculture, conditioned that the licensee pay all legal claims accruing in favor of any seller or buyer of livestock arising from the conduct of the market. The statute does not set a fixed amount; the Department establishes the amount by schedule based on sales volume and other standards. Confirm the required amount with the Department.

You need this bond if you are

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Operating a licensed livestock auction market — the bond is filed with the Department of Agriculture

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Renewing a market license and your bond is expiring or was non-renewed

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Opening or relocating a market that requires a current bond on file

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Adjusting your bond after the Department re-sets the amount for your sales volume

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.

Start the application →

FAQ

Common questions.

How much is the Oregon livestock auction market bond?Pricing is 1% of the bond amount, with a $100 minimum, plus a quick soft credit check for approval. The amount itself is set by the Department of Agriculture by schedule, based on your sales volume — there is no single statutory figure. Enter the amount the Department set and your exact price appears at the application.

Who requires this bond?The Oregon State Department of Agriculture. Under ORS 599.245, a licensed livestock auction market must maintain a bond the Department approves, conditioned on paying valid claims of livestock buyers and sellers.

How is the amount determined?The Department sets it by a schedule tied to sales volume and other standards, and may request financial statements to size it. Use the amount the Department assigned your market; send it to us if you are unsure and we will confirm.

Is there a credit check?Yes — a quick soft credit check may apply, never a hard inquiry, no impact on your score. It informs approval, not price; pricing is 1% of your bond amount, with a $100 minimum.

What does the bond protect against?It pays legal claims of livestock buyers and sellers arising from the conduct of your market — most often a consignor who was not paid for animals sold. If the surety pays a claim, you repay the surety.

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 Oregon bonds.

The Department is waiting on one document.

Pricing from $100, soft pull only. Enter the amount the Department set and file the same day.

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