What are electronic agricultural receipts?

This is a tool for agricultural lending.

According to Article 1 of the Law of Ukraine "On Agrarian Receipts", an agricultural receipt is a commodity document that records the debtor's unconditional obligation, secured by a pledge, to deliver agricultural products or pay money under the conditions specified in it;

Electronic agricultural receipt is an independent subject of circulation on the capital markets, can be an object of purchase and sale, a source of profit. That is, the agricultural receipt is a non-issued security. Electronic agricultural receipts will exist in the form of an electronic document in the Register of electronic agricultural receipts.

Adoption of the draft law will help producers of agricultural products get wider access to loans, and will also increase the range of creditors able to finance the agricultural sector.