MI grain dealer bonds.
From $100. Enter your amount.
The bond a licensed Michigan grain dealer files with MDARD under the Grain Dealers Act so the farmers it buys grain from get paid. Pricing is 0.6% of the bond amount the department sets, $100 minimum — your exact price appears at the 60-second application. A quick soft credit check may apply — never a hard inquiry, no impact on your score.
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Apply to approved in one sitting.
Grain dealer bonds may run one soft credit pull, then issue. Here is the whole thing:
Apply online
Your business details, the bond amount MDARD set, and the effective date — plus consent to a soft credit check if one applies. That is the application, and your exact price shows up at the end.
Reviewed & approved
Most clear quickly; on larger amounts an underwriter reaches out within 48 hours if anything else is needed. Any credit check that runs is a soft pull that never affects your score.
File with MDARD
Receive the executed bond naming MDARD as payee, ready to file with your grain dealer license. Wet-ink originals mailed whenever the department insists.
What it is and who needs it.
What the grain dealer bond actually covers
Michigan licenses grain dealers through MDARD under the Grain Dealers Act (Act 141 of 1939, MCL 285.61 et seq.). A grain dealer buys farm produce from growers, and the state requires a bond so producers are paid for the grain they deliver.
The bond names MDARD as payee, is executed by the dealer as principal, and secures the dealer's faithful performance of its obligations in farm produce transactions. A dealer may, at its option, post a certificate of deposit or other acceptable security in lieu of all or part of the bond.
The amount is set by the department and is sized to the dealer's grain handling and net asset position — there is no single statutory flat figure for every dealer (a separate $100,000 figure applies to grain merchandisers and farm produce truckers under MCL 285.88). Enter the amount on your MDARD license and apply; your price is 0.6% of that amount, $100 minimum, with a soft credit check that never affects your score.
You need this bond if you are
Five minutes, then your price.
These are the actual underwriting fields, including consent to a soft credit check that never affects your score. Enter the bond amount MDARD set and submit.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Michigan grain dealer bond? ▾
Who requires this bond and why? ▾
Is there a credit check? ▾
Is the amount the same for every dealer? ▾
Can I post something other than a bond? ▾
Other Michigan bonds.
Grain dealer bond MDARD will accept.
Five-minute application, priced at 0.6% of the bond amount, $100 minimum. Enter the amount MDARD set and file with your license.