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Outline of presentation 1.Rationale • What, Why, Importance, Challenges 2.Objective 3.Approach 4.Perceptions key actors towards the warehouse receipt system 5.Policy recommendations www.eprc.or.ug 2 Empowering You Through Knowledge What is Warehouse Receipt System (WRS)? • Allow farmers to use their commodities as collateral to access loans from financial institutions (FIs) www.eprc.or.ug 3 Empowering You Through Knowledge Why WRS in Uganda? • Previous public efforts to introduce the WRS Public sector- Ministry of trade WRS project 2000- 2008, with focus on coffee and cotton WRS act of 2006, WRS regulations of 2007 and Uganda WRS authority (UWRSA) in 2015 which is responsible for introduction of the E-WRS • It is a priority policy point for national development- National Development Plan II Limited storage capacity impedes effective post- harvest management and structured commodity trade Hence, country is unable to address the challenge of price volatility of agricultural products www.eprc.or.ug 4 Empowering You Through Knowledge Challenges in E-WRS uptake Farmer’s low knowledge and understanding of how the system operates Trust issues among stakeholders Banks reluctant to finance agricultural-related activities due to the uncertainty of external factors of agriculture (USAID, 2007) (only 2 banks are currently registered in the government system) Banks need to feel secure that they will have priority to all proceeds upon liquidation of the goods (USAID, 2007) Inability of farmers to meet volumes demanded by the warehouse (UWRSA, 2015) www.eprc.or.ug 5 Empowering You Through Knowledge Objectives 1.To document perceptions of actors in the E-WRS To score benefits and challenges of key private sector actors concerning the E-WRS To assess improvements in grades and standards for improved market performance www.eprc.or.ug 6 Empowering You Through Knowledge
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