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.

What the auction market bond actually covers

You need this bond if you are

Your livestock auction market bond application is in review — most clear within 1–2 business days, and an underwriter reaches out within 48 hours if anything else is needed. Watch your inbox.

1% of the bond amount, $100 minimum: Oregon's Livestock Auction Market Bond, required by the Dept. of Agriculture. Soft credit pull only. Apply now.

Livestock Auction Market Bond

Final premium can vary based on underwriting factors

How this works?

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Clear pricing.Instant issuance.