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Commodity Dealer
License Description Agricultural commodity dealers must be licensed in Idaho by the Idaho State Department of Agriculture. Commodity dealers have two classes of licenses. Class 1 commodity dealers licenses are required for dealers that purchase agricultural commodities by credit-sale contract or if the value during the past 12 months exceeds $250,000. Class 2 licenses are required for dealers that purchases agricultural commodities in a 12 month period exceeding $10,000 and less than $250,000. Applicants for licensure must: 1.) Submit an application with required documents and fees; 2.) Post a surety bond with the Department of Agriculture; 3.) Provide an audited or reviewed financial statement. Term: Licenses are renewed annually. Fees: licensing fees for a commodity dealer are based on the class type. Class 1 is $360, class 2 is $180. Renewal fees for a commodity dealer are also based on the class type. Class 1 is $65, class 2 is $35. A license which has expired may be reinstated for a fee of $500 plus the renewal fee if filed within 30 days of expiration.
Licensing Agency
Idaho State Department of Agriculture
2270 Old Penitentiary Rd., P.O. Box 790
Boise, ID 83701
(208) 332 8500
info@agri.idaho.gov
Active Status Active
Criminal Record No criminal record prohibitions
License Type Stand-alone license
License Updated 03/08/2018
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