Legendary Baking I LLC, trading as J. Horners, operating out of Nashville, Tenn., has posted a $400,000 surety bond with the U.S. Department of Agriculture.
Under the regulations of the Perishable Agricultural Commodities Act, the company was required to post the bond following its prior involvement in bankruptcy. The company posted the bond as a prerequisite to obtain a new license to operate in the produce industry.
USDA will hold the bond for three years and nine months, providing assurance to the industry that the company will be able to pay for produce purchased and to conduct business according to PACA rules.
Click here for an overview of companies who previously violated PACA.