MN grain bonds.
Flat 3%. Soft pull.
Minnesota licensed grain buyers file a bond with the Department of Agriculture under Minn. Stat. 223.17, sized to their gross annual grain purchases — first-time applicants post $50,000. Ours is a flat 3% of the bond amount, one soft credit pull, never a hard hit.
Trusted by industry leaders
Three steps to filed.
Your grain buyer license is waiting on this bond. Here is the whole process — no broker phone tag:
Apply once, online
Your business details, the bond amount your purchase volume requires, and the effective date. The only extra step is 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 soft credit pull never affects your score.
File with the Department of Agriculture
Pay online and receive the executed bond ready to file with your grain buyer license application or renewal. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. A soft credit pull affects approval, never the price.
What it is and who needs it.
What the grain bond covers
Minnesota licenses grain buyers through the Department of Agriculture under Minn. Stat. 223.17. A grain buyer files a bond with the commissioner that protects the producers who sell grain to the buyer — it stands behind the buyer’s obligation to pay for the grain it purchases.
The bond amount is tiered to the buyer’s gross annual grain purchases as shown on the most recent purchase report, with first-time applicants filing $50,000 and the largest buyers required to post substantially more (the statute’s top tier reaches $150,000 for purchases above the highest threshold). For entities also licensed as grain warehouse operators under chapter 232, bond and claim rules cross-reference section 232.22.
If a grain buyer fails to pay a producer for grain delivered, the producer can recover against the bond — and if the surety pays, the buyer repays the surety. We issue the amount your purchase volume requires, at a flat 3% with a soft credit pull only.
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 Minnesota grain bond? +
How is my bond amount set? +
Is there a credit check? +
Who does the grain bond protect? +
I am also a grain warehouse — is that the same bond? +
Other New York bonds.
The Department of Agriculture is waiting on one document.
Five-minute application, flat 3%, $275 minimum, soft pull only. Enter your required amount and file the same day.