If you are engaged as a grain buyer or in the operation of a grain bank in Minnesota you are required under sections 232.22 to 236.02(2004) of the Minnesota Grain Storage and Buyer Bond as a condition of licensure.
Bonds Express offers a Minnesota Grain Storage and Buyer Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Grain Storage and Buyer Bond holds you accountable for your business decisions.
By possessing a Minnesota Grain Storage and Buyer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.