The North Carolina Grain Dealer 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. The bond amount, as stated by the North Carolina Department of Agriculture and Consumer Services, is now set at $100,000.
Other Requirements for the dealer bond
Aside from the surety bond, applicants must also submit a completed Grain Dealer Application form and $50 for the license fee plus $30 for each buying station or truck. Take note that this license is good for one year and must be renewed annually.
How do I obtain the North Carolina Grain Dealer Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.