What Does the Program Do for Producers?
The Montana Agricultural Warehouse, Commodity Dealer and Grain Standards Act requires people or businesses who buy or store commodities to be licensed and provide surety to help protect farmers from non-payment for agricultural commodities. Separate licenses are required for commodity dealers and commodity warehouse operators.
The program protects producers and the industry by auditing the records of commodity dealers and warehouses, investigating complaints, pursuing enforcement of the act and providing education and assistance to the grain industry and the public.
Who Must Have a Commodity Dealer License?
A commodity dealer is a person or business that buys, exchanges, negotiates, or solicits the sale or transfer of agricultural commodities. Purchasers of more than $30,000 worth of Montana-grown agricultural commodities from producers during a licensing year (July 1 through June 30) must have a commodity dealer license. A commodity dealer is required to be bonded as well as licensed.
Who Needs a Commodity Warehouse License?
A commodity warehouse is an elevator, mill warehouse, sub-terminal grain warehouse, public warehouse or other facility compensated to store, handle, process, or shipment commodities.
Facilities that maintain a U.S. Warehouse Act License do not require a state warehouse license. A public warehouse operator must post storage and handling charges for the facility. Operators must maintain current records of all agricultural commodities stored, conditioned, handled, or shipped.
Additional details on licensing can be found in the tabs below.
If you would like a list of the current licensed Montana Commodity Dealers/Warehouses, please click here.