WAREHOUSE RECEIPTS FINANCING OF CHILLIES IN GUNTUR DISTRICT OF ANDHRA PRADESH–AN EMPIRICAL STUDY

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Date
2019
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ACHARYA N G RANGA AGRICULTURAL UNIVERSITY, GUNTUR
Abstract
The present study was entitled “Warehouse Receipts Financing of Chilies in Guntur District of Andhra Pradesh– An Empirical Study” was intended to examine various economic activities, usage pattern, preferences and factors influencing the warehouse receipts finance on farmers(60) and traders(20). About 60 per cent of the farmer and trader respondents belonged to the age group of 36-55.13 per cent of the farmer respondents were illiterates and 100 per cent of trader respondents were literates. About 83.33 per cent of farmers were having pucca houses while in traders it was observed that 100 per cent were living in pucca houses. About 50 percent of the respondents were medium farmers. The average size of the farm holding for medium farmers was 3.3 ha. About 33.34, 37.5 25.75 per cent of gross cropped area on marginal, small and large farms were occupied by chillies. Bore wells supported 72 per cent of average holding in respect of marginal farmers while for small, medium and large farmers this source formed 72, 60 and 59 per cent. About 51.67 per cent of farmer respondents stored their produce in the range of 0-125 bags while40 per cent of trader respondents stored the produce ranged from 2500-5000 bags. xiv About 41.67 per cent of farmer respondents paid the charges in the range of Rs 166 to175 per bag and 40 percent of traders paid less than Rs 165 per bag while the same per cent of traders paid in the range Rs 175 to 185 per bag. Among the farmers and traders reasons for storing the produce in warehouse was profit motive which was ranked first by both of them. The criteria preferred by the stakeholders for selecting the warehouse for storage was well maintained cold storage units which was ranked first by the both of them. According to the farmers the finance obtained through warehouse receipts were used for payment wages to labour was the top ranked.On the other hand traders utilized the funds to undertake purchase of the produce which they were handling.It was their top most priority as revealed by the score. About 51.66 per cent of the farmer respondents were preferred to take the warehouse receipt finance from the Federal bank and 45 per cent of the trader respondents were preferred to take the warehouse receipts finance from the Tamilnad Mercantile bank. Among the farmers the factors which influence the selection of financial institution were identified, suggestion made by the manager of warehouse was one of the top most factors. Among traders interest rate was top notch factor. Among the farmers and traders prevailing low prices, was the factor that promoted the farmer to take a decision on selling while traders as a businessmen contemplate to make as much profits as they can make out in the business.
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D5806
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