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{
    "id": 831054,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/831054/?format=api",
    "text_counter": 151,
    "type": "speech",
    "speaker_name": "Seme, ODM",
    "speaker_title": "Hon. (Dr.) James Nyikal",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": " Thank you, Hon. Speaker, for giving me an opportunity to contribute. This is an extremely important Bill that will drastically change the management of agricultural produce, particularly maize. The warehouse receipt system is basically two things: it is farmers who have the produce, which is maize or any other cereal for that matter, and the private people who are licensed to run warehouses. The farmers take their produce to the warehouse and they get receipts showing the quantity and quality of their produce. That receipt becomes like a title deed for the grain that is in the warehouse, on behalf of the farmer but being looked after by the warehouse operator. The warehouse receipt itself becomes a very valuable document that can be used as collateral in banks for quick sale and to procure farm equipment. Therefore, the farmer instead of keeping the grain in his farm has a document which says, “I have this amount of grain.” The benefit is that, first of all, the farmer saves on storage. Also, it avoids postharvest loss while waiting. It also ensures that the grain that is there on this receipt is insured. It, therefore, gives the farmer access to finance easily and enables quick transfer without moving the commodity. It also stabilises the price of the commodity because quite often, farmers harvest at the same time, leading to glut of the commodity at the market. With the warehouse receipt system, the farmer can choose when to sell, depending on the market prices. It is an extremely important thing, but remember the warehouses are private. The conditions that will make this system work are the grain for which the receipt is given and the warehouse and the legal framework that make it possible that farmers do not lose in any way. So, the condition for this process is that there must be a guarantee of availability of commodities like maize in Kenya."
}