Miller Magazine Issue: 128 August 2020

73 ARTICLE MILLER / August 2020 deliver products to licensed warehouses or receive the delivered product via Electronic Warehouse Receipts, a warehouse rental support of 3 TL per ton for wheat, bar- ley, rye, oats, corn, paddy, rice, lentils, chickpeas, beans, peas, 7 TL for cotton, 10 TL for hazelnuts, olives, olive oil, dried apricots, pistachios, raisins, dried figs will be given and besides, income/ corporate tax exemption for profit from trading with electronic warehouse receipts is being provided and VAT is not being charged. Thanks to the support and incentives provided by the Turkish state, the interest in licensed warehousing has increased. As of today, 213 licensed warehouse estab- lishments with an installed capacity of 16,950,292 tons have been established and their number is gradually inc- reasing. 96 of the licensed warehouse enterprises in qu- estion have obtained licenses for 5,053,182 tons and the licensing process of other companies continues. 92 of the companies that have obtained a license so far constitute the grain, legumes and oil seeds group that appeals to the feed sector with 4,990,532 tons. With the licensed warehousing system, the feed industry has become easier and faster to receive the necessary raw materials in the electronic environment, as in the entire industry that uses raw materials. In addition, the sector has the advantage that it can deliver products to all licensed warehouses without the need to invest in the storage facility, or to purchase and deliver credits from the financial institutions for the products purchased. On the other hand, the fact that the quantity and quality are guaranteed until you withdraw the purchased product from the licensed warehouse to use electronically increa- ses the sector's interest in licensed warehousing. As a result, the licensed warehousing system will conti- nue to be an indispensable system for the sector, consi- dering the issues such as contributing to the sustainability of the production of agricultural products of strategic im- portance for our country, facilitating trade, offering mo- dern storage and the financial opportunities.