The Evaluation of The Warehouse Receipt System For Agro-Food Products in Turkey

OpenAlex İngilizce

Turkey has some flaws and challenges in the functioning of agricultural products markets. The receipt warehouse system, which is used for various agricultural products and in many countries around the world is important in terms of proper functioning of agricultural products markets. Therefore, in recent years, creating a legal infrastructure for a receipt warehouse system has gathered speed in Turkey. The study is focused on the functioning of the receipt warehouse system which has existed in developed countries for a long time and recently put into practice in Turkey. The aim of the study is to evaluate the system in terms of Turkish agricultural products, discuss the potential advantages of the warehouse receipt system for farmers, agro-industry, traders, exporters, and more and the problems encountered in the improvement of the system. This review was performed based on domestic and international literature. According to the results of evaluation, primary advantages of the system are availability of high-quality products at desired times in sufficient quantities, price stability, decreasing the cost of stocking and offering farmers eligible loans and credit. In spite of its advantages, it seems that the development of the warehouse receipt system in agricultural markets will not be easy in Turkey because of small-scale enterprises in agriculture sector, the absence of a specialized commodity exchange and the high cost of establishing a licensed warehouse.