Warehouse & Storage Strategies
Warehouse & Storage Contract
(Warehouse Receipt)
Public Warehouse
A storage contract/warehouse receipt is a negotiable instrument.
A storage contract/warehouse receipt must contain the fees that will be assessed
for receiving, storing, processing, or redelivering grain and the termination date of its
warehouse receipts.
A warehouseman must publish and post in a conspicuous place in its warehouse, the
fees that will be assessed and the termination date of its receipts. The publication
must be filed with the Commissioner. The fees or termination date may be changed
upon filing a revised publication with the Commissioner.
A warehouseman is not required to receive grain for storage and must publish and
post, in a conspicuous place in the warehouse, a publication identifying whether
storage will be available or whether grain will be accepted via cash or credit-sale
contract arrangement.
Facility-based grain buyers - warehouse receipts are regulated under the United
States Warehouse Act.
DAKOTA
NORTH
DEPARTMENT OF
AGRICULTUView entire presentation