Bonded Warehouse License Bond

A Georgia Bonded Warehouse License Bond is a type of a surety bond required by the Georgia Department of Agriculture (GDA) for any warehouse in the state that stores specific agricultural commodities. It serves as a financial guarantee to protect producers selling their goods to these warehouses in case of non-payment or loss of stored products. Varies depending on the type and amount of commodities stored, with a minimum of $20,000 for grain and cotton. The GDA determines the exact bond amount based on the approved storage capacity of the warehouse. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to get a Georgia Bonded Warehouse License Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Georgia Bonded Warehouse License Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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What requirements should I submit to get a Bonded Warehouse License?

First and foremost, you will need to contact the Department of Agriculture Warehouse Division so that an examiner can conduct a physical inspection of your facility and determine its capacity. Other than that, please make sure to submit the following requirements:

1. Application for State Bonded Warehouse License Form
2. Pay the necessary license fee.
   • Fees for grain:
     • Less than 200,000 bushels – $2,000 fee
     • Equal to or over 200,000 bushels – $2,500 fee
   • Fees for cotton:
     • Less than 7,500 bales – $2,000 fee
     • Equal to or over 7,500 bales – $2,500 fee

3. A Georgia Bonded Warehouse License Bond in an amount based on approved storage capacity (minimum amount $20,000, maximum amount $300,000; contact the GA Dept. of Ag for confirmation on what your bond amount needs to be)
   • Note: the cost to obtain this bond will only be a small percentage of the bond amount. Apply with Surety1 to get a free, no-obligation quote for this price!
4. Reviewed or audited financial statement, minimum equity $20,000.
5. Proof of stock insurance coverage, including 10 day notice of cancellation.
6. Provide a Tariff Schedule.
7. Provide completed warehouse receipts

Take note that if you do not have one, you will also need to obtain a Certified Public Weigher’s license and have a certified scale on the premises.