Grain Warehouse License
About
License required to store bulk grain for other people for more than 30 days.
Code Citation 203C
Who Applies Persons who wish to operate a warehouse for the storage of grain or other agricultural products for others. Grain storage has a mandatory licensing requirement, other products do not.
When To Apply Upon business start up or when taking over a warehouse operation from another person.
Initial Requirements Application, CPA audit or review level financial statement, minimum net worth of $0.25 per bushel of capacity, certificate of insurance for products to be stored and a tariff of storage rates.
Duration Annual license which expires 3 months after the company fiscal year end. New licenses are prorated from time of application to the first post-fiscal year expiration date.
Processing Time 14 days average.
Fee Structure Permit Fee: $58-$440 Handling Fee: $25 Grain Indemnity fund fee of $0.00014 per bushel of capacity
Renewal Requirements Yearly renewal fee of $58-$440 and fiscal year end CPA audit or review level financial statement.
Exam 1 to 2 times per year. No fee.
Additional Information Does not pertain.
Services Provided
Service Category
- Service SubCategory
James Kennedy
Wallace Bldg
502 E. 9th Street
Des Moines, IA 50319
(515) 281-5324
[email protected]
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