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Do North Dakota Roving Grain Buyers or Facility Based Grain Buyers Need a Bond?

Hands hold grain in a North Dakota  Warehouse

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.

  • A Facility-Based Grain Buyer will need to obtain a surety bond. The bond guarantees faithful performance of all duties. The bond amount ranges from $50,000 to $1,500,000 depending on total annual grain purchase volume. A minimum $50,000 bond is required for the first year and there-after, the bond amount will be based on the volume of bushels purchased.

  • A Roving Grain Buyer's Bond guarantees compliance with the provisions of law and the rules of the Commission applicable to the business of a roving grain buyer. The bond amount ranges from $50,000 to $2,000,000 depending on total annual grain purchase volume. A minimum $50,000 bond is required for the first year, and there-after, the bond amount will be based on the volume of bushels purchased.
  • How Much Will This Bond Cost?

    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.

    Have Questions?

    Contact our Surety Bond Specialists at:

    Phone: 1‑844‑432‑6637
    Emailinfo@suretygroup.com
    Fax:     404-351-3237
    Hours: 8:00-5:00 CST, Monday through Friday



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