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This document serves as a surety bond for the operator of a public warehouse in North Dakota, ensuring the fulfillment of all duties related to grain storage, buying, and selling as mandated by law.
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How to fill out grain elevator warehousemans bond
How to fill out GRAIN ELEVATOR WAREHOUSEMAN'S BOND
01
Obtain the GRAIN ELEVATOR WAREHOUSEMAN'S BOND form from the relevant state or federal regulatory agency.
02
Read the instructions provided with the form to understand the requirements.
03
Fill in the name and address of the warehouseman in the designated fields.
04
Enter the bond amount required, which is typically determined by state regulations.
05
Provide the name of the surety company that will issue the bond.
06
Include the surety company's contact information and address.
07
Sign and date the bond form at the bottom where indicated.
08
Submit any additional documents required, such as proof of licensing or identity.
09
Pay any applicable fees associated with the bond application.
10
Send the completed bond form and any attachments to the appropriate regulatory agency for processing.
Who needs GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
01
Grain elevator operators or warehousemen who store grain and agricultural products require a GRAIN ELEVATOR WAREHOUSEMAN'S BOND.
02
Individuals or companies applying for a license to operate a grain elevator in states that mandate bonding.
03
Businesses seeking to provide assurance to depositors that they will honor their obligations for stored grain.
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People Also Ask about
What is the biggest grain elevator in the United States?
Haysville Grain Elevator, Kansas. This 2,717-foot-long cement structure is listed as the largest grain elevator in the world.
Why aren't grain elevators used anymore?
“As farm operations and grain elevators have gotten bigger, these older country elevators have become obsolete. Farmers are willing to drive farther for better bids, and during harvest, they want to dump grain and get back to fields.”
How much money does a grain elevator make?
What are Top 10 Highest Paying Cities for Grain Elevator Worker Jobs CityAnnual SalaryHourly Wage San Francisco, CA $43,651 $20.99 Santa Clara, CA $43,512 $20.92 Sunnyvale, CA $43,483 $20.91 Livermore, CA $43,459 $20.896 more rows
Why aren't grain elevators used anymore?
“As farm operations and grain elevators have gotten bigger, these older country elevators have become obsolete. Farmers are willing to drive farther for better bids, and during harvest, they want to dump grain and get back to fields.”
How much do grain elevators cost to build?
Capital investment estimates for the corn-soy- bean model elevators range from about $2.0 million for a 25-car loadout model to about $5.5 million for a 100-car loadout model.
How much does a $50,000 bushel grain bin cost?
ing to one Nebraska dealer, a 50,000-bushel bin with a concrete foundation hits the “sweet spot” at around $2.25 per bushel, depending on the options. While the economy of scale makes a larger bin less expensive, the extra concrete pushes the cost a little higher, up to around $2.50 per bushel in Wolf's case.
How much does it cost to build a grain elevator?
Capital investment estimates for the corn-soy- bean model elevators range from about $2.0 million for a 25-car loadout model to about $5.5 million for a 100-car loadout model.
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What is GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
GRAIN ELEVATOR WAREHOUSEMAN'S BOND is a type of surety bond required from grain elevator operators that ensures compliance with regulations and protects the interests of depositors and producers in case of default.
Who is required to file GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
Individuals or businesses operating grain elevators or warehouses that store agricultural products are required to file GRAIN ELEVATOR WAREHOUSEMAN'S BOND.
How to fill out GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
To fill out GRAIN ELEVATOR WAREHOUSEMAN'S BOND, one must provide information such as the name and address of the warehouseman, the location of the facility, the bond amount, and the name of the surety company providing the bond.
What is the purpose of GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
The purpose of GRAIN ELEVATOR WAREHOUSEMAN'S BOND is to guarantee that the warehouseman will comply with state laws, pay obligations to depositors, and ensure the safe handling of grain and other stored commodities.
What information must be reported on GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
Information that must be reported on GRAIN ELEVATOR WAREHOUSEMAN'S BOND includes the warehouseman's name, address, bond amount, the surety company's details, and any license or permit numbers required by the state.
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