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What is a Florida Agricultural Products Dealer Bond?
The Florida Agricultural Products Dealer Bond is required by the Florida Department of Agriculture and Consumer Services Division of Marketing and Development. This bond is for anyone who wants to open a dealer business in the state. A dealer of agricultural products is any person, corporation or other business entity which deals in the business of purchasing, receiving, or soliciting agricultural products from the producer or the producer’s agent or representative for resale or processing for sale.
It ensures that agricultural products dealers will account for and make appropriate payments to producers and other dealers, for agricultural products in Florida. The Agricultural Products Bond ranges from a minimum of $5,000 to a maximum of $100,000. The bond amount is based on twice the volume of the largest month in the previous twelve months. Or the estimated largest volume month, if applying as a new dealer.
How do I obtain a Florida Agricultural Products Dealer Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once the paperwork is completed, the premium has been paid and processed. The bond will be issued and sent out in a timely manner. We offer shipping via USPS Priority Mail or your preferred expedited shipping method(for an additional cost).
The surety bond experts at Surety Solutions Insurance Services, Inc. (Surety1), are available to help you. The process has never been easier with Surety1, we work with over a dozen “A” rated surety markets. This ensures that we will find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.