How to become a licensed Missouri grain dealer
Any individual looking to become a licensed Missouri grain dealer must first complete the Application for Missouri Grain Dealer License. The definition of who qualifies as a grain dealer, according to the Department of Agriculture, can be found here. The following information must be provided on the license application:
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Provide applicant headquarter and location information for all business locations
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Indicate your type of business
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Individual Proprietor
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Partnership
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Corporation
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If you choose corporation, indicate whether the business is Sub S, Cooperative, or LLC.
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Provide names and addresses for all officers, partners, and/or LLC members
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Indicate the type of license you are applying for
- Grain Dealer
- Grain Handling Facility
- Grain Warehouse License
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Indicate all the services the company will be providing
Applicants must provide the following documents with their Missouri grain dealer license application.
Why are grain dealer bonds required?
The Director of the Missouri Department of Agriculture requires that all public grain dealers must post a $50,000 surety bond before obtaining a state grain dealer license as a form of consumer protection. If a bonded grain dealer were to practice negligence or cause any harm to a consumer, affected customers could file a claim against the surety bond up to the bond’s full amount.
How much does a Missouri grain dealer bond cost?
The cost of a Missouri public grain dealer bond is subject to underwriting consideration, meaning that an underwriter must review an applicant’s financial history and credit before determining whether — and at what price — a bond can be issued.
How do I get a public grain dealer bond in Missouri?
You can apply for a Missouri public grain dealer bond online 24/7 or call 1(800)308-4358 to speak with a surety expert about your bonding needs.