LEGAL ALERT

New Law on Commercial Receipts for Agricultural Products

WHAT CHANGED

Law No. 65/2026 creates electronic commercial receipts for future and stored agricultural products. The receipts evidence obligations, may secure financing, may be traded and are recorded in a new electronic register; non-performance can lead to collateral enforcement under the secured-charges regime.

The Council of Ministers must adopt the specified implementing acts within six months. Electronic services begin after the agriculture ministry establishes the register, which must occur within one year after the law enters into force.

WHO IS AFFECTED

Agricultural producers and cooperatives, warehouse and storage operators, agricultural traders and processors, and banks and other lenders financing the sector.

Also relevant to agricultural cooperation companies under Law No. 38/2012, which benefit from the reduced 5% corporate income tax rate until 31 December 2029, and to certified agritourism operators.

WHAT TO DO

• Producers and cooperatives should establish whether the new instrument opens a financing route that was not previously available.
• Lenders should establish the perfection and enforcement mechanics before treating the instrument as security.
• Warehouse operators should establish what licensing or registration the statute imposes on them.
• Watch for the implementing subordinate legislation, which such frameworks depend on entirely.