Bitcoin Forum

Farmers world wide using Bitcoin
http://cointelegraph.com/news/bitcoin-farm-to-table-farmers-markets-for-bitcoin-through-overstock

http://cointelegraph.com/images/725_aHR0cDovL2NvaW50ZWxlZ3JhcGguY29tL3N0b3JhZ2UvdXBsb2Fkcy92aWV3LzRiZTNiMGVkNTU3OTBjYWIxY2I2YjVmNjJkM2MxZWVhLmpwZw==.jpg

Know how they say you can get Hep C by shopping on Overstock? That's totally not true.

This is indeed the first step to adoption by the mainstream. Who wants a money that can't buy you any to eat? We can now benchmark bitcoin price to 1KG of potatoes!

Huh. That's actually a great idea to inadvertently have farmers accept Bitcoins for payment. Obviously if they had to deal with Bitcoins I can tell you a lot of farmers aren't technically inclined enough and wouldn't put in the effort to learn about them.

Farmers world wide are still being taken advantage of because terrorist organization known as central banks are intentionally devaluing their country's currency.
Bitcoin will allow farmers in other parts of the world to sell their produce for market value.

It's a good thing that farmers are finally getting in on the action, maybe we'll see a lot of the fundamental producers shifting towards Bitcoin and creating demand that way.

I'd be quite glad to buy from a farmer who uses Bitcoin, but I don't think they're going to start accepting it in my area anytime soon.

Wow I didn't know that Overstock has a Farmers Market  :o I just found the tiny tab on the top and decided to check out what they are offering but the prices are so high I don't know if it's worth purchasing from Overstock. I guess it's expensive because it's organic produce and all but breakfast bundles with nothing special in them cost as mush as $70 what the heck? Do you know if someone is buying these as I am not from the USA just curious. Can you find better deals if you shop around in your local supermarkets?

The move is indeed a good one and it could seriously help farmer have a easier throughout experience (considering they know the basics of how to use BTCitcoin) but since they aren't exactly the normal techy people, I found it hard to see this will have a significant impact on their selling experience (at most a small portion of them only). At the moment, it won't influence much but in the next 10 years, it could be everything for them.

I don't believe that farmers world wide using bitcoins, because you can see most of the countries do not use the bitcoins, also citizen people have not too much know about bitcoins, where i m living in my country i don't think that 10000 people know about bitcoin out of twenty crore peoples, so how can possible farmers people using bitcoin alot of. i think only one farmer using bitcoin out of one crore.

One of the primary reasons why food prices are increasing is this | There are too many middle men | If you look at the percentage of the food price the farmer contributes, you will find that it will be the smallest in the chain. Bitcoin should eliminate some of these middle men, and food should be bought directly from the farmers.

How much food spoils because it takes days before it reach the consumers. If the local farmer wants to sell his produce directly to the consumer, he should get the biggest percentage of the profit, and he will not have to receive reduced prices, because it gets exported and he gets higher prices on the global markets after the middle men took their cuts.

Subsidized farmers in many countries are killing smaller local farmers in other countries due to cheaper imports and they have to sell at a loss to get rid of their produce. Let them rather sell directly to the consumer on these local markets.  

if you can bring bitcoin to those small business, those little shop that sell you fruit and vegeatable, in real life, little market in the square etc..., you're done, bitcoin can from that point reach mainstream in no time

You are quite right that if we manage to do this then Bitcoin will reach mainstream in no time, yet what you are asking, is quite impossible to be achieved in a short amount of time, and very difficult in long period of time, but I also hope someday after we have collected enough bitcoin, it reaches mainstream and its value skyrocket.

Which middlemen would you like to eliminate? I live in a huge city, are you suggesting I drive 100 miles each time I need to buy some tomatoes, and then drive to a lettuce farm for my lettuce? And do this 3 times a week?


Surprisingly little. Far less than what would spoil without the middlemen you want to oust.


Not sure where you hail from, but here in US the farmers are free to sell their product to the highest bidder. If that bidder happens to be a middleman, so be it. If that bidder happens to be our government paying them not to plant, that's fine too. Free market and all that.


Farmers are free to *not* accept subsidies. Government subsidies are just one of the tools a country can use to benefit its economy :)

If as the above quote everything happens, without doubt bitcoin goes mainstream. But bitcoin acceptance in small offline and online shops takes time for implementation.

Someone needs to create an options and futures market for bitcoin!

I agree on this and this is what bitcoin really missing to get attention from small business owners. A small we accept board in those shops in remote areas and even in cities will increase curisity about what is bitvoin and we all know falling in love into bitcoin starts from that question.

Farmers in 3rd world countries {small subsistence farmers} can use Bitcoin on mobile phones to buy and sell goods without the need to pay huge fees to greedy banks. Most of these farmers primarily

supply their own needs, and can benefit from Bitcoin with the options it gives them to do micro transactions. Farmer A can sell some extra carrots for a few cents and then buy some goods at a local

shop and pay with Bitcoin. If they did that through the expensive banking system, they would have lots most of that income to high fees being charged. Instead of bartering for goods, they can now

use a inexpensive tools to trade with other... If the merchant did not want to trade for carrots, he can still trade with others and buy with Bitcoin.   

The thing is, I'm from a third-world country, and farmers here cannot even afford a simple mobile phone that can send and receive bitcoin transactions, so I think the path for bitcoin here for our dear farmers are too narrow to seize the opportunity bitcoin is offering. Also, the irony is, farmers who are providing us the food we need are those who can't even afford to have something to eat for themselves and their family, which is saddening.

It's funny because stellar is already doing this in Africa, with farmers etc.
http://cfi-blog.org/2014/08/15/300-households-for-one-year-results-of-the-kenya-financial-diaries/

To me it sounds like a good initiative to get bitcoin more widely adopt.

Wow that's great news. Happy to hear some crypto currencies are doing this for a good cause. The morea diversified amount of people using bitcoin, will make bitcoin a succes in the long end.
It's not just for the internet generation.

It provides a benefit for everyone; the farmers, the organization helping them, and the consumer. Everyone is out to make more money, and opening themselves to a broader market is a part of that.

Bitcoin was never for just the internet generation, it was meant for anyone in the future. Even if Bitcoin does not survive, the technology exists now, and there will likely successors that will take their place.

Farmers world wide are not using bitcoin, because here in the philippines almost all of the farmers are poor, or they dont have interner in their province. So not all the farmers have bitcoinn or any bitcoin wallet or other crypto currency

I think they indeed do not do this because the fact is that a lot of farmers also have contracts so they will not get pay out in the bitcoin of course.
We are still far away from that in my opinion, maybe in the future this could be possible.

I think we are far far away from that yup maybe in the future but now. Here in the philippines this is impossible right or in the next few years i think we need to wait century to happen in my country

Yes were too far for that the farmers should always in farm so how they use bitcoin if everytime they are in farm?
Here in the philippines almost of the farmers here are too poor and they not know how to use computer so why they need to use it? How this bitcoin can help many farmers?

Not all, i think others using it but why? What they reason why they need bitcoin for their work? How do you sure that all farmers are using bitcoin?

Exactly in my country too farmers have no knowledge about computers and internet, so it's sure, definitely they don't know about bitcoin. It takes long period for farmers to know about bitcoin and earn in bitcoin.

I think that earning bitcoin for farmers is greater than their wage. Well, for my own opinion, have the farmers train first about computer and internet so that when they already learn, they can earn a living through bitcoining.

You are right because where i m living in my country most of the farmers have no reached to school, they have no electricity system, no internet, so how can they use bitcoins? may be the richest countries's farmers will be educatered they can understand about bitcoin, but most of the countries's farmers have a lot of difficulties to understand about bitcoins.     

Just like other says farmer in our country dont have knowledge on computers and the main thing is they work hard but they earn less so they csnnot afford to buy mobile phone.

Hope this is really happen soon,not wondering about bitcoin future,i guess all aspect can touched with bitcoin,busines,farmer,foundation and anything else can start accept bitcoin.

i think bitcoin will be more famous in future and people aware day to day about bitcoin, i think farmers will aware about bitcoin like as other people .

awsome news! hope it works as intended!