The Georgia Grain Dealer Surety Bond is required by the GA Department of Agriculture for any entity wishing to obtain a Grand Dealer License in this state. The minimum bond amount is set at $20,000, but the price to obtain this bond will only be a small percentage of this bond amount. Apply with Surety1 to get a free, no-obligation quote!
The Georgia State Grain Dealer Act requires all grain dealers in Georgia to obtain a Grain Dealer License issued by the Commissioner.
To apply for this license, the following requirements must be submitted to the GA Department of Agriculture:
More information about the Grain Dealer License requirements and processes can be found on the GA Department of Agriculture website.
The state requires this bond as a form of financial security in the event that a grain dealer fails to comply with the laws and regulations of the state. If a client suffers losses due to the grain dealer’s noncompliance, they can make a claim on their Georgia Grain Dealer Surety Bond. If settled, the surety company (the company that issued the bond) will pay out the claim, however the bond principal (the grain dealer in this case) must repay the surety for any losses incurred.
The minimum bond amount for a Georgia Grain Dealer is $20,000 and the maximum amount is $150,000. This amount will be based on producer purchase activity. If you are unsure of what bond amount you need, contact the GA Department of Agriculture.
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your completed Georgia Grain Dealer Surety Bond to you via USPS Priority Mail (with overnight shipping options also available).
Why choose Surety1?
At Surety Solutions Insurance Services, Inc. (Surety1), our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.