Interview on the benefits of Grain Warehouse Receipts systems
Emmanuel Hidier, Senior Economist in the Investment Centre, discusses in this video interview innovative financing mechanisms and potential benefits for farmers. FAO and the European Bank for Reconstruction and Development (EBRD) have been working together on the implementation of Grain Warehouse Receipts (GWR) systems in transition countries including Serbia, Bulgaria, Ukraine and the Russian Federation. GWR systems require a solid legal system to protect both farmers and creditors and inspire confidence. In addition to GWRs, FAO and the EBRD are investigating other innovative financing mechanisms such as whether pre-harvest financing tools that have seen success in Brazil can also be introduced in transition countries.
More information and resources on GWRs can be found here and on pre-harvest financing here.