Grain Dealers (also known as Seed Dealers) in Arkansas are subject to a new bond requirement effective June 30, 2015 that renews annually. The bond amount is set by the State Plant Board and the penalties range from $50,000 to $1,000,000.
Bonds Express offers an Arkansas Grain Dealer Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Arkansas Grain Dealer Bond holds you accountable for your business decisions.
By possessing an Arkansas Grain Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.