The U.S. Department of Agriculture has approved surety bonds from two businesses to satisfy Perishable Agricultural Commodities Act sanctions.
Rain Forest Produce Inc., Los Angeles, posted a $300,000 surety bond, allowing the company to employ Ricardo Villalobos, according to a news release.
Villalobos was the president RRD Produce Co., Los Angeles, which failed to pay a reparation award of $19,404, as ordered by PACA. The surety bond allows him to be affiliated with a company licensed by PACA.
Ventura Produce Inc., Los Angeles, posted a surety bond of $35,000 with the USDA to operate in the industry with a PACA licensed, according to the news release.
The company posted the bond to receive a license to operate in the produce industry, according to the release. The company was required to post the bond following a bankruptcy, according to a news release.
