Commodity Dealer Licensing
A commodity dealer is a person or business that buys, exchanges, negotiates, or solicits the sale or transfer of agricultural commodities. Those that purchase more than $30,000 of Montana grown agricultural commodities annually must have a commodity dealer license and are required to be bonded as well.
Current list of licensed Montana Commodity Dealers/Warehouses .
Commodity Dealer Licensing Requirements
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 80-4-402, MCA . A commodity dealer who is also a licensed seed dealer can file for a Seed Dealer Fee Reduction.
Please read Commodity Application Form on how to complete a commodity dealer application. Forms to be completed are listed and linked below.
- Bonding Options: Surety Bond, Certificate of Deposit, or Letter of Credit
- Sample copy of delayed payment contract, if applicable
- Financial statement prepared by a licensed accountant in accordance with Generally Accepted Accounting Principles (GAAP)
- Visit https://biz.sosmt.gov to register your business with the Montana Secretary of State’s office (required). You will also need to select a Montana registered agent to represent your business if the Department of Agriculture finds it necessary to serve process to your business at the same site.
Fees
Commodity Dealer fees and renewals are collected annually. Licensing fees are per location and an additional license is required for businesses also operating as a state warehouse.
- 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
Montana Rules & Code:
Commodity Dealer and Warehouse Licensing
Contacts
