This bond is in accordance with the Acts of Alabama, Act No. 81-391. The State of Alabama requires this bond of anyone who buys and resells products of grain. The bond amount must be equal to 10% of the dollar amount the dealer spends on grain in a 12 month period, rounding it to the nearest thousandth. The bond guarantees that the dealer will pay all money owed to the producer of grains and has a mandatory expiration on October 1st. A bond is needed for each location. To determine the cost of this bond, simply complete our easy online application.
To Obtain an Alabama Grain Dealer Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.