@article{Jovičić:175287,
      recid = {175287},
      author = {Jovičić, Daliborka and Jeremić, Ljiljana and Milićević,  Lazar and Zeremski, Aleksandar},
      title = {WAREHOUSE RECEIPTS FUNCTIONING TO REDUCE MARKET RISK},
      journal = {Economics of Agriculture},
      address = {2014-06},
      number = {297-2016-3592},
      series = {Economics of Agriculture 2/2014},
      pages = {19},
      year = {2014},
      note = {Original scientific paper},
      abstract = {Cereal production underlies the market risk to a great  extent due to its elastic demand. Prices
of grain have  cyclic movements and significant decline in the harvest  periods as a result of
insufficient supply and high demand.  The very specificity of agricultural production leads  to
the fact that agricultures are forced to sell their  products at unfavourable conditions in order
to resume  production. The Public Warehouses System allows the  agriculturers, who were
previously unable to use the bank  loans to finance the continuation of their production,  to
efficiently acquire the necessary funds, by the support  of the warehouse receipts which serve
as collaterals.
Based  on the results obtained by applying statistical methods  (variance and standard
deviation), as a measure of market  risk under the assumption that warehouse receipts’
prices  will approximately follow the overall consumer price index,  it can be concluded
that the warehouse receipts trade will  have a significant impact on risk reduction in  cereal
production. Positive effects can be manifested  through the stabilization of prices, reduction
of cyclic  movements in the production of basic grains and, in the  final stage, on the country’s
food security.},
      url = {http://ageconsearch.umn.edu/record/175287},
      doi = {https://doi.org/10.22004/ag.econ.175287},
}