The State of Tennessee Department of Agriculture, Division of Consumer and Industry Services, oversees the licensing of public grain warehouses, Grain Dealers, commercial feed, incidental grain dealer, seed dealer, agriculture liming materials and registering of commercial fertilizer distributors. The Tennessee Code Annotated Title 43 Chapter 32 Section 101 Tennessee Commodity Dealer and Warehouse Law, defines the licensure and surety bond requirements for a grain dealer class 1 or class 2.
The premium that you pay for a Tennessee Grain Dealer Surety Bond is dependent on credit and the bond amount required. Our rates start at 1% of the bond amount with good credit. Applicants may also need to provide business and personal financial statements for bond amounts over $50,000.
Accounts, books, papers and records can be audited by the Tennessee Department of Agriculture during any normal business hours.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application