Grain Buyer and Storage License

The State of Minnesota requires all entities engaged in the business of buying and or storing grain to post a bond.  Grain Buyer’s bonds range from $10,000 to $50,000, and Grain Storage bonds range from $20,000 to $500,000.  Licenses run from July 1 to June 30.

Regulating Department Contact:

Minnesota Department of Agriculture
625 North Robert Street
St. Paul, MN 55155
(651) 201-6314

Statutes:

Minnesota Statutes 232

Rules:

Minnesota Rules 1562.01001562.2200

Underwriting Requirements:

  1. Apply for bond HERE
  2. Business financial statement
  3. Personal financial statement of each owner
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