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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 1562.0100 – 1562.2200
Underwriting Requirements:
- Apply for bond HERE
- Business financial statement
- Personal financial statement of each owner
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