LIVESTOCK BOND

Purpose: To protect producers from non-payment when selling livestock to a licensed dealer.

Any person who buys or sells, or offers to buy or sell livestock, and who holds that livestock less than 30 days, is required to be licensed and bonded as a livestock dealer under The Livestock Dealer Regulations. A licensed livestock dealer is required to pay for all purchases of livestock within three working days, unless a written agreement exists to extend the date for payment. If payment is not received within three days, a producer may have a claim on the livestock dealer's bond and should submit the claim within 30 days using the Statutory Declaration. Check with your province to verify their specifics regulations.

Government of Saskatchewan:
See: Livestock Dealer Bond (& Regulations)

Government of Manitoba:
See: Surety Bond for Livestock Dealers