The North Carolina Grain Dealer Surety Bond is required by the North Carolina Department of Agriculture and Consumer Services. The Grain Dealer bond is required from any person owning, controlling or operating an elevator, mill, warehouse or other similar structure or truck or tractor-trailer unit or both who buys, solicits for sale or resale, processes for sale or resale, contracts for storage or exchange, or transfers grain of a North Carolina producer.
The bond is for the use and benefit of any person from whom the grain dealer has purchased grain and who has not been paid by the grain dealer.
Effective 7/1/2014 the NC Department of Agriculture is increasing the bond amount to $100,000. The cost of this bond starts as low as $1,000 for the year.