Designing warehouse receipt legislation
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Effective warehouse receipt systems allow agricultural producers to access credit at competitive rates by borrowing against receipts issued for goods stored in independently controlled warehouses. These systems enable producers to delay the sale of their products until after harvest, to a moment when prices are generally more favourable. Warehouse receipt systems can therefore mobilize credit for the agricultural sector and improve agricultural trade. A supportive legal framework is a common pre condition for confidence in and acceptance of warehouse receipts for producers, credit providers and market participants. This publication aims to shed light on the development of warehouse receipt legislation for agricultural commodities and good regulatory practices worldwide, and to provide countries with guidance and country-based examples on how to develop enabling legislation.