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Jul 28, 1:31 PM

Warehouse receipt financing lets farmers store their produce in certified warehouses and get loans against those receipts, but from my investor’s desk, I see it as a neat way to package agricultural debt into tradeable securities. Honestly, I find it more "chaobi" as a fixed-income product than a lifeline for farmers, because my portfolio shows the real profits stay with the intermediaries. I’ve invested in such paper for steady returns, while remembering the vegetable prices at my stall—knowing too well the farmer’s actual share is often squeezed. Nungei, if the system worked so well for them, would my pumpkin costs keep rising?
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