MN grain bonds.
From $100.
Minnesota licensed grain buyers file a bond with the Department of Agriculture under Minn. Stat. 223.17, sized to their gross annual grain purchases — first-time applicants post $50,000. The premium is 1% of your bond amount, $100 minimum, with one soft credit pull for approval, never a hard hit.
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Three steps to filed.
Your grain buyer license is waiting on this bond. Here is the whole process — no broker phone tag:
Apply once, online
Your business details, the bond amount your purchase volume requires, and the effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
Most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The soft credit pull never affects your score.
File with the Department of Agriculture
Pay online and receive the executed bond ready to file with your grain buyer license application or renewal. Wet-ink originals mailed on request.
What it is and who needs it.
What the grain bond covers
Minnesota licenses grain buyers through the Department of Agriculture under Minn. Stat. 223.17. A grain buyer files a bond with the commissioner that protects the producers who sell grain to the buyer — it stands behind the buyer’s obligation to pay for the grain it purchases.
The bond amount is tiered to the buyer’s gross annual grain purchases as shown on the most recent purchase report, with first-time applicants filing $50,000 and the largest buyers required to post substantially more (the statute’s top tier reaches $150,000 for purchases above the highest threshold). For entities also licensed as grain warehouse operators under chapter 232, bond and claim rules cross-reference section 232.22.
If a grain buyer fails to pay a producer for grain delivered, the producer can recover against the bond — and if the surety pays, the buyer repays the surety. We issue the amount your purchase volume requires, with pricing from $100 via a soft credit pull only.
You need this bond if you are
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 →Common questions.
Other Minnesota bonds.
The Department of Agriculture is waiting on one document.
Pricing from $100, soft pull only. Enter your required amount and file the same day.