Missouri Grain Dealer Surety Bond

Grain Dealer Surety Bond

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.

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.

The best way to determine how much you will pay for your MO surety bond is to get a free bond quote today!

Why are grain dealer bonds required?

A surety bond is required by the state of Missouri 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 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:

  • Provide applicant headquarter and location information for all business locations

  • Indicate your type of business

    • Individual proprietor, partnership, or corporation

      • If you choose corporation, indicate whether the business is Sub S, Cooperative, or LLC

  • Provide names and addresses for all officers, partners, and/or LLC members

  • Indicate the type of license you are applying for

    • Missouri grain warehouse license, Missouri grain dealer, or grain handling facility

  • Indicate all the services the company will be providing

The following documents are also required with the license application: