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Form SFN52017 Facility-Based Grain Buyer Bond - North Dakota
What Is Form SFN52017?
This is a legal form that was released by the North Dakota Department of Agriculture - a government authority operating within North Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is a Facility-Based Grain Buyer Bond?
A: A Facility-Based Grain Buyer Bond is a type of surety bond required by North Dakota for grain buyers who operate facilities and purchase grain from farmers.
Q: Why is a Facility-Based Grain Buyer Bond required?
A: The bond is required to provide financial protection to farmers in case the grain buyer fails to pay for the grain purchased.
Q: Who needs to obtain a Facility-Based Grain Buyer Bond?
A: Grain buyers who operate facilities and purchase grain from farmers in North Dakota need to obtain this bond.
Q: How much does a Facility-Based Grain Buyer Bond cost?
A: The cost of the bond varies depending on the creditworthiness of the grain buyer and the bond amount required.
Q: How long is a Facility-Based Grain Buyer Bond valid?
A: The bond is typically valid for one year.
Q: What happens if a grain buyer fails to pay for the grain?
A: If a grain buyer fails to pay for the grain, farmers can make a claim against the bond to recover their losses.
Form Details:
- Released on August 1, 2020;
- The latest edition provided by the North Dakota Department of Agriculture;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form SFN52017 by clicking the link below or browse more documents and templates provided by the North Dakota Department of Agriculture.
