The North Dakota Roving Grain Buyer’s Bond is required by the Public Service Commission. The bond states that the bondholder must perform all duties as a roving grain buyer, comply with the provisions of law and the rules of the Commission applicable to the business of a roving grain buyer, and pay for all grain purchased or marketed.
A roving grain buyer is a grain buyer that purchases, solicits, merchandises or takes possession of grain in North Dakota, someone who does not operate a facility. The surety bond amount is determined by volume handle: $50,000 – $1,500,000 same schedule as facility-based buyers. In order to find out the cost of the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price!
What are the license requirements for a Roving Grain Buyer?
In order to be licensed in North Dakota, applicants must submit the application form, pay the license fee of $200, submit a scale ticket or comparable document, and of course, the surety bond.
How do I obtain a North Dakota Roving Grain Buyer’s Bond?
All you need to do is 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”). You just need to pay the said amount and then sign all the necessary paperwork. We will send the bond via USPS Priority Mail or overnight delivery.
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.