Florida Agricultural Products Dealers Surety Bond
Surety Bond Requirements:
Agricultural Products Dealers in Florida are required to have a certificate of deposit or a Surety Bond of no less than $5,000 and no greater than $100,000. Surety bond amounts are determined by the highest month volume of agricultural products bought or handled by the dealer. This includes those who buy, receive, solicit, handle or negotiate agricultural produces from Florida Producers or their agents.
Selling produce to an unlicensed, unbonded dealer can put a grower's financial future at risk.
A surety bond protects agricultural producers from financial loss if the dealers fail to pay, write bad checks or declare bankruptcy.
Dealers must apply for a license, pay a licensing fee and post a surety bond before obtaining a license from the Florida Department of Agriculture and Consumer Services (FDACS).
How Much Will This Bond Cost?
The premium that you pay for a Florida Agricultural Products Dealer Surety Bond is dependent on credit and the bond amount required. For bond amounts over $50,000, personal and/or business financial statements are required. Rates start as low as $100 with good credit for minimum bonds of $5,000. Contact our Surety Bond Specialists for a free quote that fits your personal bond requirements.
More Surety Bond Questions?
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application
