State of Wisconsin - Continuous Surety Bond for Vegetable Contractor
This bond is required for businesses in Wisconsin that buy vegetables from farmers for resale or processing. It protects farmers by guaranteeing they'll get paid for their vegetables. If the vegetable contractor fails to pay farmers as agreed, the farmers can make a claim against this bond to recover their money. The …
Overview
What it is.
This bond is required for businesses in Wisconsin that buy vegetables from farmers for resale or processing. It protects farmers by guaranteeing they'll get paid for their vegetables. If the vegetable contractor fails to pay farmers as agreed, the farmers can make a claim against this bond to recover their money. The …
Who usually needs it
Vegetable contractors in Wisconsin who contract to purchase vegetables from producers or producer agents for resale, processing, or handling under Wis. Stat. ch. 126, Subchapter VI, and who file financial statements showing negative equity (disqualifying them from the Vegetable Producer Fund) must obtain this bond. The bond must be at least 75% of their lar…
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.
StateWIBond amountVaries by license type or projectObligeeState of Wisconsin, Department of AgricultureBond classLicense BondCategoryOtherBondState of Wisconsin - Continuous Surety Bond for Vegetable ContractorPlain descriptionThis bond is required for businesses in Wisconsin that buy vegetables from farmers for resale or processing. It protects farmers by guaranteeing they'll get paid for their vegetables. If the vegetable contractor fails t…Who needs this bondVegetable contractors in Wisconsin who contract to purchase vegetables from producers or producer agents for resale, processing, or handling under Wis. Stat. ch. 126, Subchapter VI, and who file financial statements sho…
