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GRAIN ELEVATOR WAREHOUSEMAN'S BOND Psc Nd  Form

GRAIN ELEVATOR WAREHOUSEMAN'S BOND Psc Nd Form

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Iowa Grain Warehouse Bond what is the Iowa Grain Warehouse Bond the Iowa Grain Warehouse bond is a form of financial security required by the Iowa Department of Agriculture and land stewardship Idols from grain warehouses operating within the state it serves as a form of protection for both farmers and grain handlers ensuring that farmers are paid for their grain and grain handlers fulfill their obligations in simpler terms imagine you're a farmer in Iowa you work hard to grow your crops Harvest them and then sell them to a grain warehouse now you need assurance that when you sell your grain to the warehouse you'll get paid this is where the Iowa Grain Warehouse Bond comes into play how does it work when a grain Warehouse applies for a license to operate in Iowa they must provide Financial Security in the form of a bond this Bond acts as a guarantee that the grain Warehouse will meet its Financial Obligations to Farmers if for any reason the grain Warehouse fails to pay Farmers for the

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