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I come from a India and it is well known fact that india is a agricultural based economy with 50% workforce engaged in agriculture.
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?

Hey Wapinter,

Your request is "really easy" to realize.
It's a simple asset cc to create.

Try to associate with techies interested in your idea ;)

You don't even have to create a coin, with blockchain and all. You can just create an asset, there are already platforms for it, one that comes into my mind is WAVES.
I guess that you'll want to hold some sort of ICO to get funds for your project. The real problem is to get people to invest in this and find a way to convince them that after you've sold those virtual items you will not run away with the money / leave the investors. I don't know of a way to link these assets to .. the physical world, let's say.

Indeed a good idea! yes agriculture in india is a profitable if you have land because of easy availability of skilled cheap Labour and government incentives.

that is going to be the hardest part. we know agriculture is going to be a huge industry exporting products is going to be a river of money for all but no offense, there are a lot of scammers too that will look at this idea and find their way to convince people. give it a try though

First of all, it is a good idea, you have to be given credits for that. But think about the outcomes also, I have heard that Monsoon is not regular in India and media people have hyped up the "Farmer's suicide" factors. Think about it.

Your idea is good and just like what others suggested you don't have to create a new alt coin. But wait, you want to invest but you don't have required funds?

Why not try to work first and start to claim the required amount before asking ideas of other people. Ideas are just there when you are ready to invest your money on it.

I think I know a thing or two since I had studied about Indian Agricultural System back in the school.
1.You would not be able to acquire agricultural land,no matter what.Like how are you planning to convince all the farmers ? Do they even know what internet is ?
2.You want to create a coin so you can have enough funds to invest in a land,what about the investors ?What do the get ? Token of they holding a square foot of agricultural land in India ? No bro that's not how it works.

Anything is possible but why do I need to invest in that token or crypto. What most people don't understand is the capacity of manage capital. But what I don't understand is every coin holder own a percentage of agricultural land according to his/her coin holding .

So if I invest $10 I'm going to own an area of land value $10 of what, why tied the tokens to the land and not profit from the farming activities

He cans simply make an asset using the WAVES like suggested by NeuroticFish and then he can simply get the value of his assets up and down.

Like people who want long term investment would of course love to take the advantage in particular seasons when the price is low. While some would seek profit and sell. Quite a unique and surprising idea, would be a investor for sure in case this gets started properly.

The answer is yes. That is possible to create agriculture related crypto. Actually i saw a crypto which is WORM that actually a worm related crypto. http://healthyworm.com/
Agriculture crypto is good. But you said that you dont want to spend any penny to create an altcoin is vry impossible. You need to use money here. From the development of the alt. To the advertisements of your alt. You need to spend money for it.

Major question you may have to face soon after creating any tokens/coins for your investment schemes is how investors can be sure that what they are getting as profit is not less than the real profit you are making. Because what you are trying to invest in is completely offline business so there will be no way for other investors living in another part of world to investigate about legitimacy of your business.

This idea may be sensed as ponzi scheme like HYIP by many.

No man I don't think it is actually a good idea because currently there are many coins out there and they are failing badly. Plus you do know that 80% of the farmers don't even have a phone , they haven't even heard of google so how do you expect them to know something like an coin.

Thanks.
Yes you are right we need to get investors trust
With growing better irrigation facilities and planned river link project,dependency on monsoon will be less in near future
If I had both idea and money,why would I need other to join me?
Acquire??I will buy land at market price.There are so many farmers who sell their land for one or other reason.I need not to tell them what I am buying it for .
They will also get the profit of yield from that land.Profit will be distributed according to their holding
they will also get profit from agricultural produce

Thanks a lot  :)
I never said I will not put money.
I will make it totally transparent and I have idea for that too but I can not share it right now.
Our investors need not to be farmers.They cab come from any profession.We will however employ skilled labours for farming which are easily available in India

I have to say it's a good idea to do. And make altcoin for this kind of investment will be a new future of agriculture investment. I know that you don't need to create new altcoin to get fund from investors, but it will make it different and will be the main attraction. I suggest you to make a good proposal for this to convince the investors online or offline. Good luck

How does this idea make any sense?

If farmers have land, they are going to be able to farm it and sell the produce.

If farmers have land and for some reason don't have laborers, they can find laborers and pay them, or work out an arrangement whereby the laborers get a percentage of the proceeds from the crops.

If the issue is that farmers have land, but don't have capital, they can get investors and raise capital to develop the land. The investors would receive proceeds from the profits.


How does a cryptocurrency solve any of these problems??
Besides all of that, OP, how do you have the expertise to manage this idea; are you a farmer?

It has nothing to do with farmers interfering in the coin business actually.They will sell their lands with normal cash,it is the OP who would be buying them.The only problem is,OP is the only person who actually has access to the land and he can run away with your coins any moment he feels like.

Crypto in control of land title is not possible at the moment unless government involved and agree to this. At this point it is just not possible.

And giving shares to various people would mean that he simply owns a virtual company where he has worth of his farm and that increases or maybe decreases each day and hence allowing a lot of investors with him. Though I am not sure if a coin would be better here since a coin needs mining and all, and doing an ICO is not much useful these days.

@OP
I really respect that you have a serious moto behind creating a coin but basically like many of the technical guys suggested here that you should make an asset rather than a coin which is what I also advice you.
Now wondering where to start ? You may consider using Burstcoin for this feature.

Agro based assets coin/blockchain is good, but in a country like India, literacy rate is too low among farmers. so It is very difficult to get succeeded in India. Why don't you aim it globally . ;D ;D

Hmm, I see this might not necessarily be running according to plan and your thoughts. because I see the majority of the agricultural sector there is no related about the technology (the internet). It could possibly be a constraint the growth and also to the introduction of the crypto to the field that you want. India is indeed a great country, but they still know very little of the outside world (let alone that you want exists on the agricultural sector)

We will invite global investors but the agricultural farms will be located in India because it is more economical there.
I will now study the legal aspect also and how to share profit with investors.
I think profit can be paid in bitcoin.
Thanks for suggestion.I will check more about  Burstcoin :)

Yes of course its a good idea but there are many factors to consider if you want to create or integrate a coin on your crowfunding to make it truly profitable project.you need to provide an actual video or pict of your target location or land and show to investors the potential profit it can give.

Yes this will be done during crowdfunding period. Actual videos with Google map location and roadmap will be published for investors but it is too early for now.

Land ownership in India is a very tricky and complex issue, the pure legality of issuing land rights to foreign and anonymous individuals would be a huge risk you would need to address first and foremost. Linked to that is the human rights issue of course - you're likely talking about a feudal-system based agricultural land.

You are right.According to Indian law a foreigner can not own agricultural land in India but how it involves human right issues?

We can make a agro based firm for it/The coin holder will not hold any legal written legal title to land.They will buy the coin during crowdsale and Agricultural land will be bought with this funds.Now every token holder will have the ownwership of land by virtue of their coin holding.If they sell or transfer their coin to anyone,their ownership to land and its profit will also be transferred

There is a farm in Russia assetizing it's produce using a waves asset.  Creating the system is easy, dealing with regulations may be more difficult.

I think that your idea is really good but I think that it is better if you want make a cryptocurrency which is connected to more things not only that because it have more potential to grow.

Can you please share more info about it?I would like to case study it

We can connect it with all agro based industries like poultry,goatry,food processing etc

The crypo market might make your entry uneccessarily difficult because of doubts and former bad experiences. Some projects damaged the scene. I would hint at the classical crowdfunding http://en.wikipedia.org/wiki/Comparison_of_crowd_funding_services there are some like AgFunder, Cropital or Barnraiser suited exactly for your corner on the market. Linking an asset might add a high tech flavor to the presentation of the project when it gained pace using the "classical channels" but will not create it's initial momentum, I voice doubts.

Classical crowdfunding requires lots of promotion and paperwork.It is much easier and fast to manage crypto funds but I think your suggestions are also good

Better to to find investors for the idea than to make a new coin that people will not recognize.
Africa has very fertile land so this is not a new idea, you need a Marketplace for your product launched, and competition is high, and agriculture is hard work and earnings is low, you need a quantity or brand to get through

That is why I have created this thread.Agriculture can give good profits for longest time.Moreover it is the safest investment as far as India is concerned

Check this for simpler explanation https://bitcointalk.org/index.php?topic=1830886.msg18289348#msg18289348