A North Dakota Farming & Grazing Lease Bond is a financial guarantee required when leasing state-owned land for farming or grazing livestock. If you want to lease land from the State of North Dakota for agricultural purposes, you must get this bond. It protects the state by ensuring you'll follow the lease terms, pay …
Overview
What it is.
A North Dakota Farming & Grazing Lease Bond is a financial guarantee required when leasing state-owned land for farming or grazing livestock. If you want to lease land from the State of North Dakota for agricultural purposes, you must get this bond. It protects the state by ensuring you'll follow the lease terms, pay …
Who usually needs it
Lessees of North Dakota state trust lands for farming and grazing purposes may be required by the Board of University and School Lands to execute bonds conditioned for payment of rents, royalties, and compliance with lease terms.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNDBond amountVaries by license type or projectObligeeState of North DakotaBond classMiscellaneous CommercialCategoryAgricultureBondNorth Dakota Farming & Grazing Lease BondJurisdictionStatePlain descriptionA North Dakota Farming & Grazing Lease Bond is a financial guarantee required when leasing state-owned land for farming or grazing livestock. If you want to lease land from the State of North Dakota for agricultural pur…Who needs this bondLessees of North Dakota state trust lands for farming and grazing purposes may be required by the Board of University and School Lands to execute bonds conditioned for payment of rents, royalties, and compliance with le…
