Amendments to the Regulations for Cotton Warehouses Under the United States Warehouse ActElectronic Warehouse Receipts, Insurance Requirements, and Other Provisions

Resumo

The Farm Service Agency (FSA) is proposing to amend regulations under the United States Warehouse Act (USWA) to allow warehousemen to issue electronic cotton warehouse receipts for more than one bale (lots) of cotton and clarify other sections as applicable. In 1990 and 1992 the USWA was amended to allow cotton warehousemen to issue cotton warehouse receipts in electronic format. Presently, the applicable regulations require warehousemen, who elect to use electronic warehouse receipts, to issue all receipts as single bale.