What is a crop receipt?
A crop receipt is a document of title that, in accordance with the Law of Ukraine ‘On Crop Receipts’ dated 6 July 2012, records the debtor's unconditional obligation, secured by collateral, to deliver agricultural products or pay money.
In other words, it is a tool that allows an agricultural producer to receive money or material and technical resources on the security of a future harvest.
What types of Crop Receipts exist?
Commodity crop receipt
A receipt confirming the farmer’s obligation to deliver a specified amount of agricultural products.
Financial crop receipt
A receipt confirming the farmer’s obligation to repay borrowed funds in monetary form.
What are the key features of Crop Receipts?
Unconditional obligation
.svg){kind=icon}
Credit instrument
.svg){kind=icon}
Created by citizens
.svg){kind=icon}
Notarized issuance
.svg){kind=icon}
May include multiple related documents
.svg){kind=icon}
Included in the state register of documents
What should be known when issuing a crop receipt?
At its core, it is an agreement between an agricultural producer (borrower) and a lender (distributor, supplier of goods and materials, grain trader, bank).
Crop receipts are subject to notarisation and entry into the Register of Crop Receipts.
The loan is repaid through future agricultural production (commodity crop receipts) or proceeds from its sale (financial crop receipts).
The loan is secured by a future crop grown on a land plot identified by a cadastral number.
Land is not a pledge under a crop receipt.
The obligation remains in force until it is fully repaid.
The lender has the right to monitor the future harvest of agricultural products pledged under the crop receipt.
What is the Crop Receipts Register?
The notary enters data on all crop receipts into the Register of Crop Receipts. Access to the Register is free of charge and can be found at this link.
A crop receipt is considered issued from the date of its registration in the Register. The Register of Crop Receipts allows you to check online information about unexecuted crop receipts - in the public domain, as well as those that have been in circulation - upon a separate application to a notary.
State Enterprise 'Agrarian Registers'
The State Enterprise ‘Agrarian Registers’ is the administrator of the Register of Crop Receipts. The company ensures continuous and full-fledged operation of the Register, reliable data storage, prompt connection of notaries, and provision of information to citizens upon request in terms of public data.
The Register is filled in by public and private notaries who acquire the status of registrars of the Register of Crop Receipts.
IFC's role in developing agro-financing in Ukraine
The International Finance Corporation (IFC, World Bank Group), with the support of the Swiss Confederation, is actively involved in the introduction of innovative financial instruments for agribusiness in Ukraine.
The IFC's Crop Receipts in Ukraine Project (2015-2020) was one of the key drivers behind the introduction of the crop receipts instrument to improve access to finance for agricultural producers. It was implemented in close cooperation with government agencies, the private sector, and international organisations.
У відповідь на запит ринку до модернізації та сек'юритизації інструменту IFC продовжила роботу та запропонувала ще одну новацію – неемісійний цінний папір «аграрні ноти», який запрацював на ринку України з 1 січня 2025 року. Більше інформації про інструмент може дізнатися за посиланням https://www.csd.ua/agrarni-noty/.
