The Kentucky Grain Dealer/Warehouseman’s Bond is required by those who have made written application to the Kentucky Department of Agriculture to become a Public Grain Dealer and/or Warehouseman under and according to the provisions of the laws of the State of Kentucky. The bond states that the bondholder shall carry combustion, fire, lightning, and tornado insurance sufficient to cover all grain marketed. The bond amount ranges from $1,500 to $1 million, depending on the amount of business that they do.
Surety1 can get this bond approved FAST with low rates.
In Kentucky every business that purchases grain must be licensed. If the grain business becomes financially insolvent and unable to pay a farmer, the Grain Dealer/Warehouseman’s bond is used.
What are the other requirements that must be met in order to obtain a Grain Dealer/Warehouse License?
Aside from the surety bond, all applicants must complete an Application Form, and submit payment for their license fee. Please refer to the table below for the price.
Grain Warehouse Licensing Fee
If total bushels purchased previous year were:
- Under 2,000,000 bushels: $300.00
- From 2,000,000 – 5,999,999 bushels: $450.00
- From 6,000,000 – 9,999,999 bushels: $600.00
- 10,000,000 bushels or more: $750.00
Grain Dealer Licensing Fee
If total bushels purchased previous year were:
- From 0 – 5,999 bushels: $75.00
- From 6,000 – 99,999 bushels: $150.00
- From 100,000 – 1,999,999 bushels: $300.00
- From 2,000,000 – 5,999,999 bushels: $450.00
- From 6,000,000 – 9,999,999 bushels: $600.00
- From 10,000,000 bushels or more: $750.00
Where can I get a Kentucky Grain Dealer/Warehouseman’s Bond?
Contact us today at Surety1 to get a no-obligation quote for your Kentucky Grain Dealer/Warehouseman’s Bond. Complete our easy to navigate, free on-line application form. One of our surety agents will contact you with the cost to write the bond. Once you pay the bond premium and sign the paperwork, your bond will be mailed via USPS Priority Mail or overnight delivery.
Established in 2003, Surety1 has made it a goal to give not just a fast and reliable service, but also the lowest rates. We maintain an A+ rating from the Better Business Bureau for our excellent service.
How to Get Your Kentucky Grain Dealer/Warehouseman’s Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.