Bond of Grain Dealer/Warehouseman is a legal document that was released by the Washington State Department of Agriculture - a government authority operating within Washington.
Q: What is a Bond of Grain Dealer/Warehouseman in Washington?
A: A Bond of Grain Dealer/Warehouseman is a type of surety bond required by the state of Washington for individuals or businesses involved in buying, storing, and selling grains.
Q: Why is a Bond of Grain Dealer/Warehouseman required?
A: The bond is required to protect farmers and other grain sellers in case the dealer/warehouseman fails to pay for the grains or fails to deliver the grains as agreed upon.
Q: Who needs to obtain a Bond of Grain Dealer/Warehouseman?
A: Grain dealers and warehousemen operating in Washington are required to obtain this bond if their annual grain purchases exceed a certain threshold, as determined by the Washington State Department of Agriculture.
Q: How much does a Bond of Grain Dealer/Warehouseman cost?
A: The cost of the bond can vary based on the creditworthiness of the applicant, but it is typically a percentage of the bond amount required by the state.
Q: How long does it take to get a Bond of Grain Dealer/Warehouseman?
A: The application process for a Bond of Grain Dealer/Warehouseman usually takes a few business days, but it may vary depending on the bonding company and the applicant's circumstances.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Washington State Department of Agriculture.