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Indiana grain buyer & warehouse bonds.
From $100.
Indiana licenses grain buyers and warehouse operators through the ISDA grain licensing agency under IC 26-3-7, and conditions the license on a surety bond protecting producers. The amount comes from a statutory formula on your bushel volume and storage capacity. Pricing is 2% of the bond amount, $100 minimum.
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Three steps to licensed.
Your ISDA grain license is waiting on this bond. Here is the entire process — no broker phone tag:
Apply once, online
Business details, owner information, the bond amount your formula produces, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the ISDA
Pay online and receive the executed bond ready to file with your grain buyer / warehouse license application. Wet-ink originals mailed whenever the agency insists.
What it is and who needs it.
What the grain bond actually covers
Indiana’s Grain Buyers and Warehouse Licensing and Bonding Law (IC 26-3-7) licenses anyone who buys grain from producers or operates a grain warehouse, through the Indiana State Department of Agriculture’s grain licensing agency. The license is conditioned on a surety bond that protects producers who deliver grain for sale or storage.
The bond amount is set by a statutory formula under IC 26-3-7-10 — tied to bushels purchased and licensed storage capacity — and is capped at $325,000 per license (and $1,250,000 per person). The bond works alongside the separate Indiana Grain Indemnity Fund (IC 26-4); a producer paid by the fund subrogates its bond claim to the corporation.
If a licensed buyer or warehouse fails and owes producers for grain delivered, those producers can recover against the bond. If the surety pays a claim, the licensee repays the surety — it is not insurance for you. Pricing on the amount your formula produces starts from $100, with one soft credit pull that never affects your score.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Indiana bonds.
The ISDA is waiting on one document.
From $100, short application, bond issued when you pay. One soft pull, never a hard inquiry.