Any person operating a livestock auction agency. Required when: Operating a livestock auction agency.
Overview
What it is.
Any person operating a livestock auction agency. Required when: Operating a livestock auction agency.
Who usually needs it
Any person operating a livestock auction agency.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateSDBond amount$20,000Term lengthContinuousObligeeSouth Dakota Animal Industry BoardRenewalThe bond must be maintained in effect at all times as a condition of the annual livestock auction agency license, which is renewed by submitting an application and a $100 fee to the Animal Industry Board.Bond classLicense BondCategoryAgricultureBondBond required to operate auction agencyStatutory referenceSDCL 40-15-10JurisdictionState
