WASHINGTON D.C - Reedley, CA based Dayka & Hackett LLC has posted a $250,000 surety bond in order to employ previous PACA violator Jerald Downs. Downs was once the sole officer of Market 52, a Kingsburg, CA based company which was found to have committed 'repeated and flagrant' violations of Section 2 of PACA regulations.
According to a press release, any PACA licensee wishing to hire individuals who have failed to pay a reparation award or have been subject to a USDA disciplinary action, must post a USDA-approved surety bond.
The USDA will hold the $250,000 bond for four years, providing assurance to the industry that Dayka & Hackett will be able to pay for the produce it purchases and conduct its business according to PACA rules.
In the past three years, USDA resolved approximately 4,600 claims filed under PACA involving more than $87 million. This is just one more way USDA continues to support the fruit and vegetable industry.
