In addition to being America’s choice for farm and commercial agribusiness insurance, Nationwide Agribusiness is a leading provider of contract, commercial surety and fidelity bonds to a broad range of markets, including agricultural. Because Nationwide has more than 50 years of surety and fidelity industry expertise, you can be confident we’ll provide the right bond for you.
Different than insurance, a surety bond is designed to guarantee a principal’s integrity and honesty, performance and financial responsibility, and compliance with a law or contract. Our most common agricultural bonds include:
Required for most grain elevator operators to guarantee the elevator complies with the rules and regulations set forth by state and federal agencies regarding grain storage.
Required for people licensed with the Department of Agriculture who buy and resell agricultural products. Dealer bonds include grain dealer bonds, hay dealer bonds, livestock dealer bonds, milk dealer bonds and produce dealer bonds.
Fuel tax bonds
Required for fuel sellers, such as convenience stores, to guarantee payment of all required taxes, penalties and any interest owed.
Required for fuel manufacturers or distributors to guarantee that the principal will comply with federal agency rules and regulations, and pay required taxes.