IN grain buyer & warehouse bonds.
Flat 3%. Soft pull only.
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. We issue it at a flat 3% with one soft credit pull — never affecting your score.
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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.
Reviewed & approved
Most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
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.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure your IC 26-3-7 formula produces and the premium updates.
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. We issue the amount your formula produces at a flat 3%, with one soft credit pull that never affects your score.
You need this bond if you are
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Indiana grain bond? +
How is the bond amount calculated? +
Is there a credit check? +
How does this relate to the Grain Indemnity Fund? +
What does the bond protect against? +
Other New York bonds.
The ISDA is waiting on one document.
Flat 3%, $275 minimum, five-minute application, e-signed bond in 1–2 business days. Soft pull only.