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.
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:
Grain Dealer Licensing Fee
If total bushels purchased previous year were:
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.