A new USDA policy will now allow producers to deliver commodities to licensed warehouses not possessing a Uniform Grain & Rice Storage Agreement (UGRSA) for the purpose of Marketing Assistance Loans (MAL) and Loan Deficiency Payments (LDP).
If you are licensed by ODA and have approved storage space, you have the authority to write warehouse receipts. As part of the new policy, you will need to stamp scale tickets for grain delivered on open storage, or grain bank storage, with the following required USDA statement: "Title and control remains with the producer and a negotiable warehouse receipt can be issued to the producer for the quantity physically delivered to the warehouse." You will not need to issue a warehouse receipt unless the producer requests one.
If you do not have warehouse receipts you can request them from ODA.
For more information on this new USDA policy and warehouse receipts contact David Simmons, ODA Grain Warehouse Section (614) 728-6407.