North Dakota state law requires that a Roving Grain Buyer or a Facility Based Grain Buyer be licensed and bonded. The North Dakota Public Service Commission encourages farmers to only sell grain to buyers that are licensed and bonded.
Applicants will need to complete the application and pay the license fee. In addition to the application, include a copy of the scale ticket that will be used, and if applicable, a copy of the credit-sale contract will need to be included. Applicants that are a partnership will need to include a copy of the agreement. Facility based grain buyers will also need to provide a copy of their Certificate of Insurance on Grain.
The premium that you pay for a North Dakota Roving Grain Buyer or a Facility Based Grain Buyer Bond will depend on credit and the bond amount needed. Bond amounts over $50,000 will require personal and/or business financial statements.
Contact our Surety Bond Specialists at:
Hours: 8:00-5:00 CST, Monday through Friday