Grainnet

eGrain, Inc. said Aug. 31 that starting September 1, 2010, the U.S Department of Agriculture’s Farm Service Agency (FSA) will begin accepting electronic warehouse receipts (EWRs) for corn, soybeans and wheat pledged as collateral by producers for marketing assistance loans for the 2010 crop year.

Uniform Grain and Rice Storage Agreement (UGRSA) warehouses from eight states (Arkansas, Illinois, Iowa, Kansas, Missouri, North Dakota, South Dakota and Texas) are eligible to participate in the EWR trial system.

Participating FSA county offices were trained last week to use the eGrain System and this will be the first time that EWRs have been authorized as collateral under the grain and oilseed marketing assistance loan program.

Warehouses and producers from the selected states interested in eliminating the need to safeguard and physically deliver warehouse receipts can utilize EWRs to improve business efficiency.

Grain and oilseed warehouses, producers, banks and other entities interested in additional information or in participating in the trial system should contact eGrain, Inc.

For more information, call 800-278-6799, ext. 209.

See Related Websites/Articles:

• eGrain Inc.

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