ND grain buyer bonds.
Flat 3%. Soft pull only.
North Dakota licenses grain buyers through the Department of Agriculture, and conditions the license on a surety bond under N.D.C.C. ch. 4.1-59. The amount is sized to the bushels you buy — a $50,000 minimum in the first year. We issue it at a flat 3% with a soft credit pull that affects approval, never the price.
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Three steps to licensed.
Your grain buyer license is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, the bond amount the Department set, and an 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 credit check is a soft pull that never affects your score.
E-sign & file with the Department of Agriculture
Pay online and receive the executed bond, ready to file with your grain buyer license application. Wet-ink originals mailed whenever the Department insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. A soft credit pull affects approval, never the price. Enter the figure the Department set and the premium updates.
What it is and who needs it.
What the grain buyer bond actually covers
North Dakota licenses grain buyers under N.D.C.C. ch. 4.1-59, administered by the Department of Agriculture (licensing of roving grain buyers moved there from the Public Service Commission in 2019). A grain buyer must post a surety bond before the Commissioner issues the license.
The bond runs to the benefit of producers who sell grain to you. If a licensed buyer fails to pay for grain it receives, sellers can recover against the bond up to its penal sum — and if the surety pays, you repay the surety. It is a payment guarantee for farmers, not insurance for the buyer.
The amount is sized to the bushels you buy: a $50,000 minimum in the first year, then set by your purchase volume under the Department's per-bushel schedule (for example, roughly $0.50 per bushel on the first tier, less on higher volumes), up to a statutory cap. Enter the figure the Department set and we issue it at a flat 3% with a soft credit pull.
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 North Dakota grain buyer bond? +
Who requires this bond? +
What does the bond protect? +
Is there a credit check? +
How is the bond amount calculated? +
Other New York bonds.
The Department of Agriculture is waiting on one document.
Five-minute application, flat 3%, soft pull only. Enter the amount the Department set and file the same week.