Warehouse Receipts: Facilitating Credit and Commodity Markets

Giovannucci, Daniele; Varangis, Panos; Larson, D.

doi:10.2139/ssrn.952596

Cited by 11 publications

(8 citation statements)

References 3 publications

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“…WRSs have been implemented successfully in the USA, Latin America and Asia (UNCTAD, 2009). Giovannucci et al (2000) have documented a number of benefits that they confer. Some of the benefits include: enhancing ability to mobilize credit for agriculture by rendering farmers collateral secure; smoothing market prices by facilitating sales 67 Harnessing farmer assets as collateral throughout the year rather than just after harvest; reducing risk in the agricultural markets; and improving food security and credit access in rural areas; helping to upgrade the standards and transparency of the storage industry by introducing better regulation and inspection; helping to create commodity markets to enhance competition, market information and international trade; contributing to lower post-harvest losses due to better storage conditions at the certified warehouse; and lowering transaction costs by guaranteeing quantity and quality.…”

Section: Wrssmentioning

confidence: 99%

African innovations in harnessing farmer assets as collateral

Chapoto

Aboagye

2017

AJEMS

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Emerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services. Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.

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Section: Wrssmentioning

confidence: 99%

African innovations in harnessing farmer assets as collateral

Chapoto

Aboagye

2017

AJEMS

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“…Because the loans are of low risk, warehouse receipt lending can provide low-cost working capital to agribusinesses and thereby lower value-chain transaction costs. Additionally, warehouses can become a point of sale into spot and forward markets, thereby allowing farmers to address price and counterparty risks (Giovannucci, Varangis, and Larson 2000). The already mentioned warehouse project includes a component to create the legal foundation for warehouse receipt lending (AfDB 2018).…”

Section: Building Integrated Supply Chains Through Public-private Colmentioning

confidence: 99%

Sudan Agriculture Value Chain Analysis

2020

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The new reform-oriented Transitional Government, formed on August 20, 2019, creates a unique window of opportunity in Sudan to spur economic growth, rebuilding and resilience. The General Framework for the Program of Transitional Government adopted in December 2019 sets out 10 priorities for the Government. One of these priorities is focused on 'addressing the economic crises and establishing the bases of sustainable development' and includes, amongst others, 'Developing and promoting productive sectors (agriculture, livestock, industry). The purpose of this study, therefore, is to provide a road map to develop and promote agriculture and livestock sectors as an important part of the Government's priority of addressing the economic crises and establishing the bases of sustainable development. With natural endowments, sizeable existing base in the economy, direct impact on food security, and scope for rural and youth employment, the agriculture sector is an obvious choice for driving recovery and stability. Undertaking actions to encourage the already vibrant domestic private sector and attracting foreign private investments can limit the expenditure burden on the public sector's dwindling financing. This study is complementary and aligned to previous analytical reports on agriculture sector development in Sudan, including a recent World Bank report Agribusiness SME Diagnostic in Sudan and a European Union (EU) study focusing on job creation, as well as the ongoing World Bank Sudan Agrifinance Diagnostic. Specifically, the analysis builds on the World Bank Sudan Agribusiness SME Diagnostic prepared in June 2019, which focused on the opportunities and constraints for fostering entrepreneurship and SME growth in the agribusiness sector. Four of the five commodity value chains (with an exception of the dairy sector) that form the basis of this study were also key value chains identified in the SME diagnostic report. The 2019 EU Report (Technical Assistance to the EU Delegation for Cooperation in Sudan: Jobs and Growth Compact for Sudan) utilized its own criteria to prioritize key potential agriculture value chains to be developed in support of economic growth and job creation, in line with the EU sector priorities. These value chains included gum Arabic, livestock, oilseeds, and cotton. Although different in perspective and methodology, independent analyses from the SME and EU studies are highly complementary and both reports are drawn upon to guide this report's conclusions and recommendations. In parallel, the Sudan Agrifinance Diagnostic, to be completed in June 2020, aims to assess the key constraints and opportunities in Sudan's agriculture finance market and make recommendations to key stakeholders, with the overall goal of enhancing farmers' and agricultural small and medium enterprises (SMEs) access to and use of suitable, competitive, and sustainable financial services.

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“…Warehouse receipts are an important and effective tool for creating liquidity and easier access to credit. Such schemes also offer additional benefits such as smoothing the supply and prices in the market, improving grower incomes, and reducing food losses [77]. The WRS could enhance the value of farmers' products as collateral and play an essential role in agricultural marketing.…”

Section: The Problems and Constrains Of The Public And Private Warehomentioning

confidence: 99%

Farmers’ Perceptions of the Warehouse Receipt System in Indonesia

et al. 2019

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This study assessed farmers’ perceptions of the warehouse receipt system (WRS) in the West Java Province in Indonesia. Primary data were collected from 500 farmers through questionnaire administration. The results of the weighted average index revealed that there was a strong perception that the WRS is not well known, provides easy access to credit, and limited access for smallholder farmers. Moreover, there was a weak perception that the WRS has complicated regulations and slowed delivery of warehouse receipts. The main problems include lack of awareness, lack of facilities and limited access for smallholders. The implications for improving the implementation of the WRS are presented.

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Warehouse Receipts: Facilitating Credit and Commodity Markets

Cited by 11 publications

References 3 publications

African innovations in harnessing farmer assets as collateral

African innovations in harnessing farmer assets as collateral

Sudan Agriculture Value Chain Analysis

Farmers’ Perceptions of the Warehouse Receipt System in Indonesia

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