Warehouse
Warehouses store and market a wide variety of commodities such as wheat, barley, oats, beans, peas, lentils and canola/ rapeseed grown in Idaho. They are regulated under the Warehouse Control Program and are examined by Idaho State Department of Agriculture warehouse examiners to ensure that warehouses continue to maintain a stock of commodities reflective of what has been deposited by producers. Warehouses are licensed in accordance with Title 69, Chapter 2, Idaho Code.
Commodity Dealer
Commodity dealers market a wide variety of agricultural commodities such as wheat, barley, oats, dry edible beans, peas, and lentils grown in Idaho. They are regulated under the Warehouse Control Program and are examined by Idaho State Department of Agriculture warehouse examiners to ensure that producers are being paid for their product. Commodity Dealers are licensed in accordance with Title 69, Chapter 5, Idaho Code.
Seed Buyer
Seed buyers purchase a variety of seed crops such as wheat, beans, peas, alfalfa, grass, vegetable, and a number of other diverse seed crops grown in Idaho. They are regulated by the Warehouse Control Program and are examined by Idaho State Department of Agriculture warehouse examiners to ensure that producers are being paid for their product. Seed Buyers are licensed in accordance with Title 22, Chapter 51, Idaho Code.
Indemnity Fund
Commodity Fund: The Commodity Indemnity Fund is currently fully funded and not accepting assessments at this time. QUARTERLY REPORTING IS STILL REQUIRED.
Seed Fund: The Seed Indemnity Fund is currently fully funded and not accepting assessments at this time. QUARTERLY REPORTING IS STILL REQUIRED.
Idaho/Washington Cooperative Agreement
Warehouses and Commodity Dealers that are close to the Idaho/Washington border might qualify to license under the Idaho/Washington Cooperative Agreement. Please contact us for further questions about this program.
Laws and Rules
All bonded warehouses, commodity dealers, and seed buyers are governed by the laws and administrative rules of the State of Idaho.
Please select the button below for more information about the laws and rules governing warehouses, commodity dealers, and seed buyers.
Licensing Info:
The Warehouse licensing period is for one year.
Both the original and the renewal fees for a Warehouse are based on capacity in hundredweight:
| Original License Fee | Renewal License Fee | ||||
|---|---|---|---|---|---|
| 0 to 50,000 | $180 | 0 to 50,000 | $50 | ||
| 50,001 to 100,000 | $360 | 50,001 to 100,000 | $100 | ||
| 100,001 to 250,000 | $540 | 100,001 to 250,000 | $145 | ||
| 250,001 to 500,000 | $715 | 250,001 to 500,000 | $190 | ||
| 500,001 to 750,000 | $890 | 500,001 to 750,000 | $240 | ||
| Over 750,000 | $1,070 | Over 750,000 | $290 |
A license which has expired may be reinstated for a fee of $500 plus the renewal fee if filed within 30 days of expiration. Applications received after the 30 day reinstatement period shall be considered original applications and the license fee will be the original license fee, along with the $500 reinstatement fee.
Licensing Requirements:
- Warehouse License Application
- Applicable Fees
- Warehouseman’s Bond. At the discretion of the Director, an irrevocable letter of credit or certificate of deposit can be submitted in lieu of a bond. Refer to Bonded Warehouse Law for bond amount requirement.
- Effective insurance policy (General Liability & Stock Coverage) insuring agricultural commodities that may be stored.
- An audited or reviewed financial statement prepared by an independent CPA or LPA in accordance to GAAP, prepared not more than ninety (90) days prior to date of application.
- Current drawing of the warehouse, which shows storage facilities and capacity calculations.
*If you wish to also purchase seed from Idaho producers, you can do so by licensing as a Seed Buyer and acquiring a Warehouseman/Seed Buyer Bond.
Licensing Forms:
Licensing Info:
The Commodity Dealer licensing period is for one year.
Commodity Dealers have two classes of licenses. Class 1 is if the Commodity Dealer purchases agricultural commodities by credit-sale contract, or if the value of the agricultural commodities purchased during the previous 12 month period exceeds $250,000, or if the value of the agricultural commodities expected to be purchased during the succeeding 12 months exceeds $250,000. Class 2 is if the value of the agricultural commodities purchased during the previous 12 months by the Commodity Dealer exceeds $10,000, and is less than $250,000, or if the value of the agricultural commodities expected to be purchased during the succeeding 12 months exceeds $10,000, but will be less than $250,000.
The original licensing fees for a Commodity Dealer are based on the class type of license. Class 1 is $360 and Class 2 is $180.
The license renewal fees for a Commodity Dealer are also based on the class type. Class 1 is $65 and Class 2 is $35. A license that has expired may be reinstated for a fee of $500, plus the renewal fee if filed within 30 days of expiration. Applications received after the 30 day reinstatement period shall be considered original applications and the license fee will be the original license fee, along with the $500 reinstatement fee.
Licensing Requirements:
- Commodity Dealer License Application
- Applicable Fees
- Commodity Dealer Bond. At the discretion of the Director, an irrevocable letter of credit or certificate of deposit can be submitted in lieu of a bond. Refer to Commodity Dealer Law for bond amount requirement.
- Insurance (General Liability & Stock Coverage) – If the Commodity Dealer accepts physical delivery of a commodity purchased directly from producers, for which the producers have not been paid, they must insure the value of all commodities in possession at full market price for insurable perils until all liabilities to producers have been paid.
- An audited or reviewed financial statement prepared by an independent CPA or LPA in accordance to GAAP, prepared not more than ninety (90) days prior to date of application.
*If you wish to also purchase seed from Idaho producers, you can do so by licensing as a Seed Buyer and acquiring a Commodity Dealer/Seed Buyer Bond.
Licensing Forms:
Licensing Info:
The Seed Buyer licensing period is for one year.
If the applicant has an Idaho Seed Dealer License, there is no fee for a Seed Buyer License. Otherwise, both the original and the renewal license fee for a seed buyer is $350. A license which has expired may be reinstated for a fee of $100 plus the renewal fee, if applicable, if filed within 30 days of expiration. Applications received after the 30 day reinstatement period shall be considered original applications and the license fee will be the original license fee, if applicable, along with the $100 reinstatement fee.
Licensing Requirements:
- Seed Buyer License Application
- Applicable Fees
- Seed Buyer Bond. At the discretion of the Director, an irrevocable letter of credit or certificate of deposit can be submitted in lieu of a bond.
- A current and sufficient policy of insurance (General Liability & Stock Coverage) covering losses.
- A written schedule of conditioning, bagging, and testing charges.
- Provide with the initial application only an audited or reviewed financial statement prepared by an independent CPA or LPA in accordance with GAAP completed no more than 12 months prior to application.
Licensing Forms: