Fertilizer Dealer Bond

The total amount of $1,000 refers to the maximum penalty that can be imposed in case you violate the Statutes. The premium paid for that amount is only $100.

Keep in mind, however, that the Department of Agriculture may require you to post a bond in a larger amount, in which case your bond’s premium will largely depend on your personal credit score. As a rough guide, most applicants pay between 1% and 3% if their credit score is high, and up to 10% if they have bad credit.

You can find more relevant information on the topic on our “What Does a Surety Bond Cost?” page.

Bonding companies consider applications with a low credit score or no credit history as high-risk. This is why those applicants pay higher premiums, but in all but a few cases, they can get bonded without any hassle.

The two exceptions that are sometimes encountered are applications of people going through an open bankruptcy, or who are late with their child support payments.

You can learn more useful information on our page dedicated to getting bonded with bad credit.

If at any time you experience difficulties or have any questions you need answered, feel free to call us at (877)-514-5146. We would be happy to help!

As long as you follow all applicable rules and regulations, declare the volume of fertilizer you sell and pay the required per ton fees (outlined in Chapter 576 of the Florida Statutes), you should have no concerns about claims.

However, if you violate the conditions of the bond, you may face a claim whose purpose will be to compensate the state. When you are notified of a claim, you must make good on it before it goes to court.

However, if you feel you are not in violation, you can contact the surety and ask for their assistance. You will have to provide written proof that the claim is groundless, and the surety will decide on their course of action upon evaluating all the circumstances. They may provide you with legal assistance in court.