Warehouse & Storage Strategies
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Bond Types and Levels (continued)
Facility-based grain buyer - determined by volume of grain the licensee purchases
annually in ND at a rate of $.50/bushel for volume up to and including 100,000
bushels + $.20/bushel for each bushel exceeding 100,000 bushels up to and including
1,000,000 bushels + $.05/bushel for each bushel exceeding 1,000,000 bushels.
$50,000 minimum bond
$2,000,000 maximum bond unless Commissioner determines additional bond is needed
Roving grain buyer - determined by the projected annual grain purchase volume of
$.50/bushel for first 500,000 bushels + $.20/bushel when volume exceeds 500,000
bushels
$50,000 minimum bond
$2,000,000 maximum bond unless Commissioner determines additional bond is needed
DAKOTA
NORTH
DEPARTMENT OF
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