1 (800) 308-4358

South Dakota
Grain Warehouseman and Buyer Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $50,000
Term Length: 1 year
Price Varies
Most Bonds Processed In 24 Hours Or Less
Email Delivery

Purchase your bond today and we'll email your bond directly to you. No shipping required.

Best Prices

We shop the top surety markets to find you the best rate.

Secure Checkout

Backed by SSL, our online bonding process is secure. We are committed to your privacy.

Trustpilot

South Dakota Grain Warehouseman and Buyer Bond Guide

If you’re applying for the grain warehouse program in South Dakota, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure payment for grain purchases and proper business conduct
  • Who Needs It: Grain storage warehouses holding state grain-buyer licenses 
  • Regulating Body: The Public Utilities Commission
  • Required Coverage: $50,000
  • Premium Rate: $500–$5,000, credit-based

Learn all about the bond requirements and process in this guide. 

What Is a South Dakota Grain Warehouseman and Buyer Bond?

A South Dakota grain warehouseman and buyer bond guarantees that grain buyers meet their financial obligations. 

All grain buyer license applicants must file the bond to protect sellers and ensure compliance with state laws related to grain purchases.

How Much Do Grain Buyer Bonds Cost?

South Dakota grain warehouseman and buyer bonds cost a small percentage of the $50,000 bond amount, typically $500–$5,000.

Exact rates vary based on personal credit score and may be prorated by purchase date. Apply for your free quote now!

Bond Type
$50,000Grain Warehouseman and Buyer Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a South Dakota grain buyer bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file the bond with the Public Utilities Commission as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a South Dakota Grain Buyer Bond Work? 

As with all surety bonds, a grain buyer bond creates a legal contract between three parties: 

  1. Principal: You, the grain warehouseman or buyer filing the bond
  2. Obligee: The Public Utilities Commission requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of South Dakota Codified Law Chapter 49-45. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually on June 30. To renew your grain warehouseman and buyer bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

or