Commodity dealer licensing

A commodity dealer is required to be licensed and obtain surety in the form of a bond, certificate of deposit or letter of credit. (The law does not apply to dealer-to-dealer transactions.) Exceptions to licensing are described in the 80-4-402, MCA.  A commodity dealer who is also a licensed seed dealer (Most commodities purchased are for resale as agricultural seed) can file for a seed dealer fee reduction using the form below.

See the instructions for use of required forms, linked below, including:

• Dealer/Warehouse application
• Financial statement prepared by a licensed accountant in accordance with Generally Accepted Accounting Principles (GAAP)
• Surety Bond, certificate of deposit or letter of credit (forms of bonding)
• Sample copy of delayed payment contract, if applicable
• Designation of Agent form required for companies doing business in the state but headquartered outside Montana  

Annual fees

New license applications and renewals (prior to July 1) - $464 per Montana location

New applications and renewals with seed dealer fee reduction - $100 per location

Late fee for annual renewals submitted after July 1 - $50

Licensing fees are per location and an additional license is required for businesses also operating as a state warehouse. Montana code and administrative rules provide definitions. Questions can be addressed to department staff.