North Dakota grain buyer bonds.
From $750.
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 from $750, with a soft credit pull — never a hard inquiry — that can affect approval but never the price you're quoted.
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How much does a North Dakota grain buyer bond cost?
1.5% of the bond amount, from $750 at the $50,000 minimum. Enter your amount in the calculator for the exact price.
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.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
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.
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; premiums start from $750, with a soft credit pull — never a hard inquiry — that can affect approval but never your price.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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.
What sets the price
The premium is 1.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
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 North Dakota bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
The Department of Agriculture is waiting on one document.
Premiums from $750, soft pull only. Enter the amount the Department set and see your exact price.