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This document outlines the obligations and responsibilities of the principal and surety regarding a grain warehouse operation in North Dakota, ensuring compliance with state regulations governing
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How to fill out GRAIN ELEVATOR WAREHOUSEMAN'S BOND

01
Obtain the necessary forms for the Grain Elevator Warehouseman's Bond from the appropriate regulatory agency or their website.
02
Fill out the application form with accurate information about the warehouseman, including name, address, and contact details.
03
Specify the sum of the bond (typically based on the amount of grain stored) that the warehouseman is required to secure.
04
Include details about the location of the grain elevator and the types of grains being stored.
05
Provide information about any additional collateral or guarantees being offered, if applicable.
06
Have the bond notarized to validate the document.
07
Submit the completed bond form, along with any required documents and fees, to the relevant regulatory authority.

Who needs GRAIN ELEVATOR WAREHOUSEMAN'S BOND?

01
Grain elevator operators or warehousemen who operate storage facilities for agricultural products.
02
Individuals or companies involved in the handling and storage of grain and other commodities.
03
Entities that are required by law to have a bond to ensure proper handling and accountability of stored goods.
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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.
“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.”
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Haysville Grain Elevator, Kansas. This 2,717-foot-long cement structure is listed as the largest grain elevator in the world.

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A Grain Elevator Warehouseman's Bond is a surety bond required from individuals or companies that operate grain elevators. This bond ensures compliance with state regulations and protects the interests of grain depositors.
Operators of grain elevators, who handle and store grain on behalf of farmers and other depositors, are typically required to file a Grain Elevator Warehouseman's Bond.
To fill out a Grain Elevator Warehouseman's Bond, the operator must provide relevant business information, including the name and address of the business, details about the grain storage facility, and the bond amount required by the state.
The purpose of the Grain Elevator Warehouseman's Bond is to provide financial protection to grain depositors, ensuring they can recover their funds in case the warehouseman fails to return their grain or goes bankrupt.
The information that must be reported on a Grain Elevator Warehouseman's Bond typically includes the names of the warehouseman and surety company, the amount of the bond, the location of the grain facility, and any specific terms required by the state.
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