{"id":333160,"date":"2021-05-18T10:48:20","date_gmt":"2021-05-18T07:48:20","guid":{"rendered":"https:\/\/eba.com.ua\/?p=333160"},"modified":"2021-05-18T16:27:10","modified_gmt":"2021-05-18T13:27:10","slug":"biznes-pidtrymuye-vdoskonalennya-mehanizmu-agrarnyh-rozpysok","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/biznes-pidtrymuye-vdoskonalennya-mehanizmu-agrarnyh-rozpysok\/","title":{"rendered":"[:ua]\u0411\u0456\u0437\u043d\u0435\u0441 \u043f\u0456\u0434\u0442\u0440\u0438\u043c\u0443\u0454 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u0435\u043d\u043d\u044f \u043c\u0435\u0445\u0430\u043d\u0456\u0437\u043c\u0443 \u0430\u0433\u0440\u0430\u0440\u043d\u0438\u0445 \u0440\u043e\u0437\u043f\u0438\u0441\u043e\u043a[:en]Business supports the improved mechanism of agricultural receipts[:]"},"content":{"rendered":"<p><\/p>\n<p><span data-preserver-spaces=\"true\">The market for agricultural receipts has been developing dynamically over the last five years. The agricultural receipt is a simple and easy tool as it enables access to finance from a bailout of the future harvests tied to specific plots of land. Moreover, registration in the single electronic Register ensures transparency and proper protection of creditors&#8217; rights. For example, in five years, agricultural receipts have allowed more than 4,000 Ukrainian agricultural producers to attract more than $ 1.5 billion in financing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There is a demand for agricultural receipts, but legal restrictions prevent the full development of this mechanism. Last year, following discussions with the market participants, it was proposed to improve agricultural receipts through legislative changes under draft Law \u2116 2805-D on the functioning and circulation of agricultural receipts. First of all, the draft law provides for simplification and reduction of the cost of this tool, automation of operations related to agricultural receipts, and diversification into new segments of the agricultural sector.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The grain business community particularly welcomes the following legislative changes proposed by this draft law:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Elimination of third party\u2019s liability for the purchase of products that are likely to be considered as the bail under agricultural receipts. Such a proposal is understandable for the business community, as there is currently no effective mechanism for identifying and separating part of the bailed grain from the total volume of the commodity (given that it is a product that is characterized only by generic characteristics);<\/span><\/li>\n<\/ul>\n<ul>\n<li><span data-preserver-spaces=\"true\">Elimination of the collision of norms in the current legislation concerning the 7-day term for compulsory performance of obligations under the agricultural receipt according to Law No. 5479-VI \u201cOn agrarian receipts\u201d from November 6, 2012, and the 30-day term according to Law No. 1255-IV &#8221; On securing creditors&#8217; claims and registration of encumbrances of November 18, 2003.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The abovementioned norms are the reasons for traders\u2019 moderate use of agricultural receipts in ensuring their advance to agricultural producers, and the grain sector\u2019s general cautiousness about purchasing grain from agricultural producers who work with receipts.<\/span><\/p>\n\t<div class=\"blockquote-custom-big animate-block animate-block--before animate-block--to-right\">\n\n\t\t<div class=\"quote-header\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2020\/10\/Irina-Dushnik-1.jpg\">\n\n\t\t\t\t\t\t\t<span class=\"name\">Irina Dushnik<\/span>\n\t\t\t\n\t\t\t\t\t\t\t<span class=\"position\">EBA Grain and Oilseed Committee Executive Director<\/span>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<blockquote class=\"blockquote-custom\">\n\t\t\t\tThere is annual growth in the demand for tools to sell future crops among farmers, as well as their interest in advances to attract additional funds to the farm. We hope that if the current legislation is improved, the use of agricultural receipts will not only increase the funding of agricultural producers by local and international traders but also solve the existing \"bottlenecks\" in the sale of products carried out by agricultural producers who work with receipts.\n\t\t\t<\/blockquote>\n\t\t\t\t\n\t<\/div>\n\n<p>&nbsp;<\/p>\n<p><em>Be the first to learn about the latest EBA news with our Telegram-channel <\/em><em>\u2013 <\/em><a href=\"https:\/\/bit.ly\/3g6lO9b\"><em>EBAUkraine<\/em><\/a><em>.<\/em><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>The market for agricultural receipts has been developing dynamically over the last five years. The agricultural receipt is a simple and easy tool as it enables access to finance from a bailout of the future harvests tied to specific plots of land. Moreover, registration in the single electronic Register ensures transparency and proper protection of [&hellip;]<\/p>\n","protected":false},"author":23406,"featured_media":333163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[4,5,13],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business supports the improved mechanism of agricultural receipts - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/biznes-pidtrymuye-vdoskonalennya-mehanizmu-agrarnyh-rozpysok\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business supports the improved mechanism of agricultural receipts - European Business Association\" \/>\n<meta property=\"og:description\" content=\"The market for agricultural receipts has been developing dynamically over the last five years. The agricultural receipt is a simple and easy tool as it enables access to finance from a bailout of the future harvests tied to specific plots of land. Moreover, registration in the single electronic Register ensures transparency and proper protection of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eba.com.ua\/biznes-pidtrymuye-vdoskonalennya-mehanizmu-agrarnyh-rozpysok\/\" \/>\n<meta property=\"og:site_name\" content=\"European Business Association\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-18T07:48:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-18T13:27:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2021\/05\/pexels-mikhail-nilov-7731352-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1868\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lita Nguyen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lita Nguyen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eba.com.ua\/biznes-pidtrymuye-vdoskonalennya-mehanizmu-agrarnyh-rozpysok\/\",\"url\":\"https:\/\/eba.com.ua\/biznes-pidtrymuye-vdoskonalennya-mehanizmu-agrarnyh-rozpysok\/\",\"name\":\"[:ua]\u0411\u0456\u0437\u043d\u0435\u0441 \u043f\u0456\u0434\u0442\u0440\u0438\u043c\u0443\u0454 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u0435\u043d\u043d\u044f \u043c\u0435\u0445\u0430\u043d\u0456\u0437\u043c\u0443 \u0430\u0433\u0440\u0430\u0440\u043d\u0438\u0445 \u0440\u043e\u0437\u043f\u0438\u0441\u043e\u043a[:en]Business supports the improved mechanism of agricultural receipts[:] - 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