This surety bond is required by the North Carolina Department of Agriculture and Consumer Services. This 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. This 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. Effective 7/1/2014 the NC Department of Agriculture is increasing the bond amount to $100,000. In most cases, the premium on this bond is as low as $1,000 for the year.
To Secure a North Carolina Grain Dealer Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.