Commodity Dealers
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. The Commodity Indemnity Fund (CIF) offers additional protection for producers in the event of a commodity dealer failure. This $12 million dollar fund is supported by producer’s assessments and allows producers to recoup 90% of their approved verified claim in the event of a failure. Currently the CIF is not collecting assessments, but quarterly reporting is still required.
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.
IDAHO STATE LAWS & RULES
COMMODITY DEALER LICENSING FORMS
Commodity Dealer License Application
Commodity Dealer/Seed Buyer Bond
COMMODITY INDEMNITY FUND (CIF) FORMS
SEED INDEMNITY FUND (SIF) FORMS
OTHER LICENSES
Idaho State Department of Agriculture
Commodity Dealer Licensees
Licensee information was updated November 3, 2023. To ensure that you are dealing with a licensed commodity dealer, please call (208) 332-8660. If an unlicensed person or business contacts you to buy your crop, please report them to Warehouse Control at (208) 332-8660. A Licensee is only listed once but may have multiple business locations*. Each location must display a valid license for that location. For a list of Federally licensed warehouses CLICK HERE.
NAME & LOCATION*
| 1 | Ag Solution, Inc. dba Mountain Malt | Idaho Falls, ID |
| 2 | Amy's Kitchen, Inc. | Pocatello, ID |
| 3 | Ardent Mills, LLC | Ogden, UT |
| 4 | Big J Milling & Elevator Co., Inc. | Brigham City, UT |
| 5 | Busch Agricultural Resources, LLC | Idaho Falls, ID |
| 6 | CB Procurement LLC | Pocatello, ID |
| 7 | Cereal Byproducts Company | Mount Prospect, IL |
| 8 | CHS, Inc. dba CHS Primeland | Lewiston, ID |
| 9 | Columbia Grain International, LLC | Clarkston, WA |
| 10 | Darwin Mingo dba White Pine Farms | Rockland, ID |
| 11 | Diversified Ag Marketing | Fielding, UT |
| 12 | Evans Grain & Elevator dba Western Seeds | Burley, ID |
| 13 | Glen Capps, Inc. | Jerome, ID |
| 14 | Grain Craft, Inc. | Blackfoot, ID |
| 15 | Grain Millers, Inc. | Eden Prarie, MN |
| 16 | Great Western Malting Co. | Blackfoot, ID |
| 17 | Highland Milling LLC | Bancroft, ID |
| 18 | J.R. Simplot Company dba Western Stockmen's | Caldwell, ID |
| 19 | Johnson Grain, Inc. | Ririe, ID |
| 20 | Kelley Bean Company, Inc. | Rupert, ID |
| 21 | Land O'Lakes dba Purina Animal Nutrition, LLC | Spokane, WA |
| 22 | Louis Dreyfus Company, LLC | Kansas City, MO |
| 23 | McNabb Grain, Inc. | Pocatello, ID |
| 24 | Molson Coors Beverage Company | Burley, ID |
| 25 | Montana Flour & Grains, Inc. | Fort Benton, MT |
| 26 | Mountain States Oilseeds, LLC | American Falls, ID |
| 27 | Norag, LLC | Pocatello, ID |
| 28 | Northwest Grain Growers, Inc. | Walla Walla, WA |
| 29 | Oilseeds International, Ltd. | San Francisco, CA |
| 30 | Pacific Northwest Farmers Cooperative, Inc. | Genesee, ID |
| 31 | Pure Grain Commodities, LLC | Burley, ID |
| 32 | Rocky Mountain Merchandising & Feed Tech., Inc. | Twin Falls, ID |
| 33 | S & L Commodities, Inc. | Fairfield, ID |
| 34 | Scoular Company, The | Grace, ID |
| 35 | StoneX Commodity Solutions, LLC | Kansas City, MO |
| 36 | Sunrise Foods International (USA) Inc. | Pender, NE |
| 37 | Talmage Elevator Holdings, Inc. | Bancroft, ID |
| 38 | The Andersons, Inc. | Bliss, ID |
| 39 | United Grain Corporation of Oregon | Notus, ID |
| 40 | Viserion Grain, LLC | Denver, CO |
| 41 | Viterra USA Grain, LLC | Omaha, NE |
The following companies are licensed in the State of Idaho through the Idaho/Washington Cooperative Licensing Agreement to act as warehouses/commodity dealers:
| 1 | Almota Elevator Company | Colfax, WA |
| 2 | Anderson Northwest, LLC | Valleyford, WA |
| 3 | Central Bean Company, Inc. | Quincy, WA |
| 4 | Columbia Plateau Producers LLC dba Shepherd's Grain | Spokane Valley, WA |
| 5 | Fresh Nature Foods, LLC | Spokane, WA |
| 6 | Highline Grain Growers, Inc. | Waterville, WA |
| 7 | Honey Heaven Wholesale dba Hummingbird Wholesale | Eugene, OR |
| 8 | McKay Seed Company, Inc. | Almira, WA |
| 9 | Palouse Grain Growers, Inc. | Palouse, WA |
| 10 | Palouse Pulse, LLC | Farmington, WA |
| 11 | Pomeroy Grain Growers, Inc. | Pomeroy, WA |
| 12 | Spokane Seed Company | Spokane, WA |
| 13 | Stateline Processors, Inc. | Tekoa, WA |
| 14 | Uniontown Co-Operative Association | Uniontown, WA |
| 15 | Viterra USA LLC | Warden, WA |
The following licenses have changed in the last 12 months; reason for change can include voluntary surrender, a sale to or merger with another company, failure to re-apply for licensing, temporary suspension, or revocation:
1. Agspring Idaho, LLC dba Thresher Artisan Wheat (Acquired by The Arthur Companies, Inc.) Blackfoot, ID
2. Cache Commodities (Acquired by IFA) Ogden, UT
3. Jr Lish & Sons, Inc (Voluntary Surrender) Garland, UT
*Locations listed are the Licensee’s primary place of business in the State of Idaho or the closest office location to Idaho.