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The Florida Ag Products Dealer Bond is in place to protect producers against buyers who fail to pay and helps ensure producers receive proper payment for their products. It helps provide for a marketplace relatively free of defaults and unfair trading practices. The State of Florida has determined that you must be bonded if you purchase agricultural products in Florida for resale and pay for such purchases with other than U.S. cash currency or a cash equivalent (money order, cashier’s check, wire transfer, electronic funds transfer, or debit card).
The Florida Agricultural Products Dealer license is granted by The Florida Department of Agriculture and Consumer Services (FDACS), under Florida Statutes, Section 604.17. As required by Florida Statutes, Section 604.20, a surety bond must be submitted before any license is issued. The Obligee on the bond reads as the Commissioner of Agriculture of the State of Florida.
Agricultural Products Dealer Bonds Florida run concurrently with your license, which renews annually on its anniversary date. It is likely that variations on business volume each year will require a different bond amount than the prior year. The surety bond may be canceled with 30 days written notice from the Surety to the Commissioner of Agriculture of the State of Florida and the Principal (Agricultural Products Dealer).
Contact The ProSure Group. As surety bond experts in business over 23 years in Florida, The ProSure Group has handled hundreds of agricultural dealer bonds and has partnerships with more than 30 different surety companies. This ensures that we get you the best, most competitive pricing and terms available in the marketplace. You just need to complete our simple application and one of our specialists will quickly contact you.
What you will need to submit to obtain your license:
|License||Florida Agricultural Products Dealer Surety Bond||Commissioner of Agriculture of the State of Florida