SD grain buyer bonds.
Flat 3%. Enter your amount.
A licensed South Dakota grain buyer files a surety bond with the Public Utilities Commission under SDCL chapter 49-45. The amount is at least $50,000 and scales with your purchase volume. We issue it at a flat 3% — enter your required amount and the premium updates. A soft credit pull affects approval, never price.
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Apply to issued in one sitting.
Enter your amount, consent to a soft pull, and we issue the bond. Here is the whole thing:
Apply online
Your business details, the bond amount the PUC requires, and the effective date — plus a one-time consent to a soft credit pull.
Reviewed & approved
Larger agricultural bonds get a quick underwriting review; if anything is needed you hear from an underwriter within 48 hours. The soft pull never affects your credit score.
File with the PUC
Pay online and receive the executed bond, ready to file with your grain buyer license at the Public Utilities Commission. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. The PUC sets a $50,000 minimum and scales it to your purchases — enter your amount and the premium updates.
What it is and who needs it.
What the grain buyer bond covers
South Dakota licenses grain buyers through the Public Utilities Commission’s Grain Warehouse Program under SDCL chapter 49-45. A grain buyer purchases grain from producers, and the state requires a surety bond standing behind timely payment for the grain bought.
The bond is a producer-protection guarantee: it runs to the PUC for the benefit of sellers, so that if a buyer fails to pay for grain it purchased, harmed producers can recover against the bond. If the surety pays a claim, you repay the surety — it is not insurance for you.
The amount is a minimum of $50,000, and is increased based on the dollar amount of your grain purchases — commonly tied to the average of your purchases over a multi-year period. The bond term aligns with the PUC’s licensing year. Enter the amount the PUC sets for you and we issue it at a flat 3%.
You need this bond if you’re
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Enter the amount the PUC requires and submit.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Grain buyer bond, issued fast.
Five-minute application, flat 3%, $275 minimum. Enter the amount the PUC requires and file with your license.