MI Grain Dealer/Storage Farm Produce Bond
MI Grain Dealer/Storage Farm Produce Bond
We write Grain Dealer & Storage Farm Produce Surety Bonds in the state of Michigan.
Our GOOD CREDIT price is 2% of the bond amount.
Click for a No Obligation Quote
Michigan Grain Dealer/ Storage Farm Produce Surety Bonds are required by the Michigan Department of Agriculture, Producer Security Services. The required bond amount is $15,000 for the first 10,000 bushels of capacity for storage, with an additional $5,000 for each additional 10,000 bushels. For those who own two or more storage facilities, the state will accept a blanket surety bond in the amount equal to or greater than $400,000.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Follow this link if you would like to visit the state of Michigan website for the
Grain Dealer/Storage Farm Produce Surety Bond requirement.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Michigan Department of Agriculture, Producer Security Services
Bond Amount - Set by the Obligee
Bond Premium - 2% of the bond amount
Renewal Document - None.