Warehouse Receipts: Facilitating Credit and Commodity Markets

8 Pages Posted: 15 Jan 2007

See all articles by Daniele Giovannucci

Daniele Giovannucci

Committee on Sustainability Assessment (COSA)

Panos Varangis

World Bank - Agriculture and Rural Development Department

Donald F. Larson

Institute for the Theory and Practice of International Relations

Date Written: February 2000

Abstract

The lack of access to credit is a severe constraint for many farmers. Warehouse receipts are an important and effective tool for creating liquidity and easing access to agriculture credit. Such schemes also offer additional benefits such as providing storage to smoothe the supply and prices in the market, improving grower incomes, and reducing food losses. The paper describes the steps of interaction involved in a warehouse receipt system, sets out the essential questions to be asked regarding the critical conditions for its success and illustrates the roles of the key actors in setting up and running such a system.

Keywords: Warehouse receipts, inventory credit, agriculture, commodity markets, credit, banks, guarantees, insurance, storage, developing countries

Suggested Citation

Giovannucci, Daniele and Varangis, Panos and Larson, Donald F., Warehouse Receipts: Facilitating Credit and Commodity Markets (February 2000). Available at SSRN: https://ssrn.com/abstract=952596 or http://dx.doi.org/10.2139/ssrn.952596

Daniele Giovannucci (Contact Author)

Committee on Sustainability Assessment (COSA) ( email )

1008 S. 9 Street
Philadelphia, PA 19147
United States

HOME PAGE: http://www.thecosa.org

Panos Varangis

World Bank - Agriculture and Rural Development Department ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Donald F. Larson

Institute for the Theory and Practice of International Relations ( email )

P.O. Box 8795
Williamsburg, VA 23185
United States

HOME PAGE: http://https://sites.google.com/site/decrgdonaldflarson/

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