South Dakota grain warehouse bonds.
From $100.
A licensed South Dakota public grain warehouseman files a surety bond with the Public Utilities Commission under SDCL chapter 49-43, sized to the warehouse’s licensed storage capacity. Pricing is set at 0.5% of the bond amount, with a $100 minimum.
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How much does a South Dakota grain warehouse bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
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. A soft credit check may run — it never affects your credit score.
File with the PUC
Pay online and receive the executed bond, ready to file with your warehouse license at the Public Utilities Commission. Wet-ink originals mailed on request.
What it is and who needs it.
What the warehouseman bond covers
South Dakota licenses public grain warehouses through the Public Utilities Commission’s Grain Warehouse Program under SDCL chapter 49-43. A public warehouseman stores grain owned by others and issues warehouse receipts, and the state requires a surety bond standing behind the safe storage and return of that grain.
The bond is a depositor-protection guarantee: it runs to the PUC for the benefit of the producers and others who store grain at the warehouse. If the warehouseman fails to deliver stored grain or pay for a shortage, harmed depositors can recover against the bond. If the surety pays a claim, you repay the surety — it is not insurance for you.
The amount is set by the PUC based on the warehouse’s licensed storage capacity — the bushels and value it’s licensed to hold. Larger capacity means a larger bond. Enter the amount the PUC set for your warehouse and your exact price — from $100 — appears at the application.
You need this bond if you’re
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
File with the PUC. Pay online and receive the executed bond, ready to file with your warehouse license at the Public Utilities Commission. Wet-ink originals mailed on request.
What sets the price
The premium is 0.5% 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: approved instantly, or after a quick credit check.
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.
Other South Dakota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Grain warehouse bond, issued fast.
Pricing from $100. Enter the amount the PUC requires and see your price before you commit.