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North Dakota Roving Grain Buyer's Bond

How much does a grain buyer’s bond cost in North Dakota?

The North Dakota Public Service Commission requires grain buyers to post surety bonds to legally conduct business within the state. Roving grain buyer’s bond amounts are determined by the volume of grain handled, sold and received by the grain buyer, but cannot be in an amount less than $5,000.

The cost of this bond is subject to underwriting, which means the price you’ll pay is based not only on your required bond amount but also on your personal credit report. Having your current business financials and a personal financial statement on hand when you contact our team of specialists could speed up the bonding process and help you qualify for a lower bond premium.

Ready to find out exactly how much you’ll pay for your surety bond? Request a free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Roving Grain Buyer's Bond Varies Starts at 1% 4-8% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

At SuretyBonds.com, our experts can typically provide free, no-obligation bond quotes within 1 business day of submitting your application. Call 1 (800) 308-4358, or click here to get started now.

Why do I need this bond?

North Dakota roving grain buyer’s surety bonds ensure that principals (grain buyers) faithfully perform all duties in compliance with the laws and rules set by the North Dakota Public Service Commission (Chapter 60-02.1 of the North Dakota Century Code), including paying for all grain purchased or marketed. If the principal fails to adhere to these terms, the bond protects harmed parties from financial loss as a result of the principal’s or the principal’s agents’/employees’ unethical and unlawful business practices.

Apply for a free bond quote now!

What’s the fine print?

Roving grain buyer’s bonds in North Dakota are continuous until canceled. The surety can cancel the bond at any time by notifying the grain buyer and the commission of the impending termination via certified mail. The bond will be canceled 90 days after the commission receives the notification.

How to become a grain buyer in North Dakota

All grain buyer applications for licensure in North Dakota must be submitted to the Public Service Commission. The following materials must accompany the application (SFN52016):

  • $200 license fee
  • copy of sale ticket (or purchase contract or other document used to monitor North Dakota purchases)
  • copies of all Credit-Sale Contracts to be used by the grain dealer, if applicable
  • copy of partnership agreement, if applicable
  • Roving Grain Buyer Bond (SFN52019)

Licenses expire annually on July 31. Renewal applications must be submitted by July 15 of each year.

Visit the Important Links section of this page for more licensing information. Begin the licensing process by purchasing the surety bond you need.

Ready to get started?

Get a FREE Rover Grain Buyer Bond Quote Today!

Checklist for Roving Grain Buyer License

Chapter 60-02.1 Grain Buyers

Roving Grain Buyer’s Bond form

North Dakota Public Service Commission Forms: Grain

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