Agrarian receipts came into force throughout Ukraine
Agrarian receipts came into force on 16.01.18 in each area of Ukraine. Such data was provided at the conference on these receipts in the Kyiv region.
According to the data, it is known that more than 1 billion hryvnias have already been received through these receipts. Such receipts in Ukraine can be authenticated by 58 notaries, but it was noted that to work more effectively, the number of legal structures that authenticate these receipts must be significantly increased, since in certain areas of the country it is difficult to find a notary to authenticate the receipt.
Now the main branches that attract significant investments are the agricultural sector, the cryptocurrency and alternative methods of electricity production.
The proper registration of land rights is a key and the basic condition for obtaining such a receipt.
This year, the Ministry of Justice stated that until the present moment there were no defaults on agricultural receipts, and in case they take place someday, the Ministry will do its best to launch reliable mechanism for insuring risks.
Note: The agrarian receipt means that the producer of agricultural products will settle with creditors with the future harvest, or in cash (after the harvest is sold). The guarantee for this receipt is the future harvest.
Crop receipts, a new system of financing in agriculture, have come into force throughout Ukraine. This means that agricultural producers now have the opportunity to use their crops as a guarantee when receiving financing.
The introduction of crop receipts opens up new prospects for the development of agriculture in Ukraine. This allows farmers to access credit and loans using their crops as collateral. Crop receipts provide assurance of the quality and quantity of crops, making them an attractive tool for investors and lenders.
On the COM3S page you will find information about the new rules and opportunities related to crop receipts in Ukraine. We follow the latest news in agriculture and provide up-to-date data to help you understand this financing system.
The use of crop receipts can be a revolutionary step in Ukrainian agriculture, contributing to the development and growth of the industry. Explore the new Crop Receipt opportunities on the COM3S page and use this tool to strengthen your agricultural business.