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This document serves as a surety bond for Falkirk Farmers Elevator Company, allowing it to operate as a public warehouse in North Dakota for the storage and sale of grain. It outlines the responsibilities
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How to fill out grain elevator warehousemans bond
How to fill out GRAIN ELEVATOR WAREHOUSEMAN'S BOND
01
Obtain a GRAIN ELEVATOR WAREHOUSEMAN'S BOND form from your local regulatory agency or online.
02
Fill in the name and contact information of the bond principal (the grain elevator owner).
03
Specify the amount of the bond, which is typically set by the regulatory agency based on the capacity of the grain elevator.
04
Provide the name and address of the surety company that will issue the bond.
05
Include any required financial information or supporting documents as specified by your state laws.
06
Review the completed form for accuracy and completeness.
07
Sign the bond form in the relevant sections as required.
08
Submit the form to the appropriate regulatory agency along with any required fees.
Who needs GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
01
Grain elevator operators and warehousemen who store grain products need a GRAIN ELEVATOR WAREHOUSEMAN'S BOND to legally operate.
02
Entities that provide services for the storage and handling of grain are required to secure this bond to protect the interests of producers and users.
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People Also Ask about
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.
What city has the most grain elevators?
Elevator Alley The city of Buffalo is not only the birthplace of the modern grain elevator, but also has the world's largest number of extant examples. A number of the city's historic elevators are clustered along "Elevator Alley", a narrow stretch of the Buffalo River immediately adjacent to the harbor.
What was the largest grain elevator explosion in the world?
The DeBruce Grain Elevator explosion on June 8, 1998, remains one of the most significant industrial disasters in the agricultural sector. Located in Wichita, Kansas, the DeBruce Grain Elevator was, at the time, one of the largest grain storage facilities in the world.
Where is the largest grain elevator in the US?
? Did You Know? The world's largest grain terminal by storage capacity is the DEBRUCE GRAIN INC. Elevator in Wichita, Kansas, USA. With a staggering 20 million bushels (~544.000 metric tons) of storage, this facility has held the Guinness World Records since 1999!
What is the tallest grain elevator in the world?
Significance. At 118 metres (387 ft), the Swissmill Tower is the tallest operating grain elevator in the world. The second tallest, the Schapfen Mill Tower in Ulm, Germany, is 115 metres (377 ft) tall excluding the antenna.
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.”
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What is GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
GRAIN ELEVATOR WAREHOUSEMAN'S BOND is a type of surety bond that ensures compliance with regulatory requirements and protects farmers and grain producers by guaranteeing the safe handling and storage of their grain.
Who is required to file GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
Individuals or businesses operating grain elevators or warehouses that store agricultural products are typically 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, the applicant must provide details such as their business name, address, license number, and the amount of bond required, then sign and submit the bond form to the relevant state authority.
What is the purpose of GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
The purpose of GRAIN ELEVATOR WAREHOUSEMAN'S BOND is to protect grain producers from financial loss due to mismanagement, fraud, or insolvency of the grain elevator operator, ensuring accountability and proper grain handling.
What information must be reported on GRAIN ELEVATOR WAREHOUSEMAN'S BOND?
Information required on GRAIN ELEVATOR WAREHOUSEMAN'S BOND includes the name of the principal, the surety company, the bond amount, the nature of the business, and the specific state regulations the bond is complying with.
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