Financing By Pledges Of Grain

Introduction

The introduction of grain receipts and the creation of such a system is, objectively speaking, of fundamental importance to the grain market of Kazakhstan, in view of both public and commercial interests.

International experience in countries such as the USA, Canada and other countries, shows that grain receipts are an effective and necessary part of the development of the grain industry; they contribute to the development of the domestic market, in that they ensure effective lending to agricultural producers and improve the financial situation of grain growers.

In view of the above, the legislators of Kazakhstan have drawn up the Law of the Republic of Kazakhstan 'On Grain', dated 19 January 2001, No. 143-II (hereinafter – the 'Grain Law').