IA grain warehouse bonds.
From $100.

An Iowa licensed grain warehouse operator can be required to file a surety bond with the Department of Agriculture and Land Stewardship under Iowa Code chapter 203C, sized to the value of products stored. Premiums are 0.5% of the bond amount, $100 minimum, with one soft credit pull for approval — enter the amount your license requires and your exact price appears at the application.

Filed under Iowa Code chapter 203C with the IDALS Grain Warehouse Bureau
Amount scales with the value of products stored — and protects depositors of grain
Soft credit pull for approval only — never affects your score; premium is 0.5% of the bond amount, $100 minimum
0.5% rate$100 minimum, by bond amountSoft pullnever a hard inquiryFastinstant underwriting for most
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How it works

Three steps to filed.

Your warehouse license is waiting on this bond. Here is the entire process — no broker phone tag:

TODAY · ONLINE

Apply once, online

Business details, owner information, the required amount, and an effective date. The only extra step is a one-time consent to a soft credit pull.

WITHIN 48 HOURS

Reviewed & approved

Larger warehouse bonds get a quick underwriting look; you hear from an underwriter within 48 hours if anything is needed. The credit check is a soft pull that never affects your score.

1–2 BUSINESS DAYS

E-sign & file with IDALS

Pay online and receive the executed bond, ready to file with the Grain Warehouse Bureau. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the warehouse bond actually covers

Iowa licenses grain (and other) warehouse operators through the Department of Agriculture and Land Stewardship's Grain Warehouse Bureau under Iowa Code chapter 203C. In lieu of an indemnity fund participation, an operator can be required to file a surety bond (or irrevocable letter of credit) sized to the value of stored products.

The bond protects the depositors who store grain or other products in the warehouse — if the operator fails or cannot deliver stored product, harmed depositors can recover against the bond.

For warehouses storing products other than bulk grain, Iowa rules set a $3,000 minimum, rising to $20,000 at $50,000 of stated value, then $1,000 of bond for each additional $5,000 of stated value. It is not insurance for you: if the surety pays a depositor, you repay the surety. Enter the figure your license requires — premiums start from $100.

Iowa Code chapter 203CIowa Code chapter 203C governs warehouse operator licensing through the IDALS Grain Warehouse Bureau. A surety bond (or irrevocable letter of credit) protects depositors and is sized to stored value: for products other than bulk grain, a $3,000 minimum, $20,000 at $50,000 of stated value, then $1,000 of bond per additional $5,000 of stated value. Confirm the exact amount your license requires on your IDALS packet.

You need this bond if you're

Applying for an Iowa warehouse license through the IDALS Grain Warehouse Bureau
Renewing your warehouse license and resizing the bond to your stored value
Operating a grain elevator or storage facility that holds depositors’ grain
Posting a bond in lieu of indemnity-fund participation under chapter 203C

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.

Start the application →
FAQ

Common questions.

How much is the Iowa grain warehouse bond?The premium is 0.5% of the bond amount, $100 minimum. The bond amount itself scales with your stored value — enter the figure your license requires and your exact price appears at the application.
How is the amount set?For products other than bulk grain, Iowa rules set a $3,000 minimum, $20,000 at $50,000 of stated value, then $1,000 of bond per additional $5,000 of stated value. Your license states the exact figure — enter it and we issue.
Is there a credit check?Yes — one soft credit pull, which never affects your score and is never a hard inquiry. It informs approval only; the premium is 0.5% of the bond amount, $100 minimum, shown in the calculator. Larger warehouse bonds get a credit review before issuing.
What does the bond protect against?It protects depositors who store grain or other products in the warehouse if the operator fails or cannot deliver stored product. If a depositor is harmed and the surety pays, you repay the surety.
Can I use a letter of credit instead?Chapter 203C accepts a surety bond or an irrevocable letter of credit. A surety bond is usually cheapest — you pay a premium starting from $100 rather than tying up the full amount in bank collateral.
Related bonds

Other Iowa bonds.

Grain warehouse bond, issued this week.

Premiums from $100, soft pull only. Enter your amount and file with IDALS.

Your premiumfrom $100
Apply now →