The programme had two main objectives :

• transfer the experience and knowledge of Central European countries in the area of grain warehouse receipts; and
• analyse the existing legislative framework in Lithuania with a view to identifying areas for improvement in order to utilise warehouse receipts in agricultural lending.

General recommendations for the implementation of the system of common-use warehouses and warehousing receipts in Lithuania, it is necessary to adhere to the following structural organization model:

• Creation of a proper legislative environment
• Co-ordination of interests among growers, agricultural processors and traders.
• Proper insurance of the financial institutions (commercial banks) providing short-term loans against bankruptcy of warehouses.
• The formation of a guarantee fund and insurance of common-use warehouses and goods in store.
• The establishment of a state supervisory and control system.