Bitcoin Forum

I would like to create a small platform for farming financing/investment in farms.

Context:
Lately I've discovered a new passion of mine, growing vegetables indoors and outdoors. I am a developer, so normally I would not spend much time outside. But once I got hooked to planting stuff, I've discovered that it is fun, and I'd like to do more of this

Idea:
My idea is to start building greenhouses to grow vegetables all year round. Normally, we'd take a loan or find investors to finance the costy setup, then share the profit.
But I was thinking whether this could work as a blockchain project? So instead of having one bigger investor, how about opend it up for everyone to have their share?

Project:
The project would have three major phases:
1. Preparation work - platform for managing users/token holders and planted areas.
2. Build up infrastructure - greenhouse, irrigation system etc
3. Planting and growing veggies

Shares
I was thinking that if this project was financed by the "crowd", each backer of the project would hold some shares (maybe tokens?).  So the profit share that would go to investors would be distributed to all shareholders - like in a normal company.


So, what do you guys think about this? Any suggestions or ideas? Would you be interested in this? Anyone of you eager to collaborate?

Thanks for reading, and feel free to comment, all comments are appreciated!

Your idea sounds very nice and easy when seen by a developer. In reality, everything is much different.
Do you have any experience with Planting and growing veggies? do you know where you will distribute the finished product?

My suggestion to you is to research more about agriculture and obligation there. especially if you're going to have it a whole year. IDK from where you are, also you can investigate in your country, it is possible that there are subsidies because agricultural production can be more expensive than the final product.

people are confusing smart contracts with fund raising techniques. i am not blaming you, it is how the smart contract platforms such as ethereum have been designed and their survival depends on these pump and dumps.

if you think about it, your business has nothing to do with a "token". how would you distribute any kind of profit to shareholders when the token is being pumped and dumped in a manipulated altcoin market easily by the pumpers? YOU don't control the price!

You can also create an ecosystem that can check in real time the development of plants and let the investors know how it is going the investment they have done if you're looking for that.
i like the idea., i am looking for years to start something at the country side mostly in agriculture

Yes, I actually do. Last year I've adopted a small farming business of 5 ha, that was about to close. The people working there stayed, and it's going well now, it is recovering pretty well. To motivate the people I've joined then sometimes, this is where I discovered that I actually like it :)

That is a very good idea, thanks for the input.
This would be in the platform, where you can see what you invested on, and also the progress. I like that!

farming is not like that. You need to have a deep experience that you can use IT to automate stuff. Nevertheless, this sound to be a good idea.

At first where are you from? Where do you plan to run that business? Where do you plan to export that? Or you only include local area? The reason why I ask this is that for example Turkey is a great country for such business, workers are very cheap, area is cheap too and in overall Turkey exports fruits and vegetables in a lot of countries.
Well, this is the most serious thing to discuss in this business and we can't just decide everything with one proposal but I have one question, why did you use word blockchain there? Don't include this word in every subject to make things look innovative, no, there is no need of blockchain in your idea right now and it does nothing beneficial too for this.

You don't need blockchain to transfer funds for example, yet we have this beautiful thing called Bitcoin 🤣

Anyways, I am not here to argue, rather to gather some valuable feedback on how I could improve my idea.

Essentially, the blockchain would serve so that everyone can verify that the assests are actually yours. Then, maybe through smart contracts or similar, we could come up with a way to distribute profit to everyone involved. Now, I have to admit at this point that I have to figure out yet what the best way would be to distribute the shares and the profit to all share holders, so that is not defined yet.

And of course, we can't this here in Germany, would be to costly to produce something - as I am experiencing ot first hand. The perfect location for such a project is under research. I am sure you agree that such a thing needs to be researched and evaluated properly. And by properly I mean by an expert, not some developer like me.

That being said, I hope you understand that this is not a call for investment yet, more a research of the potential to this idea. Myself, I think it's worth giving a shot. However, I also understand that there are uncertainties here, and obstacles which I don't even know about yet. So I appreciate all comments, good or bad.

Projects like this only works if the team is honest but in reality we have no way of knowing that. Don't take it hard but its the truth.

Having a farm means its going to be a centralized project and when something happen to the farm everything gone back to zero, this farm is no way near to safety when it comes weather unlike having a POW coin. But check out the ZRcoin project. Its one example that project like yours can somehow be successful.

Check out if your country allows such investment and how you can be transparent on this, I have stumble a plan like this not so long ago, the plan is very similar but I don't why it did not push through, you should first try this in your country, where people can visit your farm and see it's potential before going international.

Actually, you DO need blockchain to transfer funds on a decentralized network.  

That means not just one person/system, just like your idea.  Why would you leave that part out and then laugh?  ???


OK, what is the name and website of the farm you managed, Viktor?   Show us you are legit.

Similar idea of this thread but they use pigs here check it guys https://bitcointalk.org/index.php?topic=1441952.0 and I will step out on this kind of investment schemes since it's so shady and newbie should investigate more before going thru.

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A good business plan should pave the way for your idea.

Anyone invested in this? How did it go? Any results published anywhere?
I am interestend in seeing how the profit was distributed to the investors, maybe I could learn a thing or two from here.
Thanks @Taskford

Looks like it's dead. The OP went offline in 2017.

You can probably do profit distribution via blockchain with tokenized shares. Like stakes in a bounty program.

What a great I dear you have got here.
But I really want you to take one thing into serious consideration.
Your time and dedication is of Paramount important when it comes to agriculture.

I've seen thiese “online farm” type of investment/schemes in a lot of times now the thing is there is really no farm backing up the investment there are no crops being grown no animals being raised all what is happening is the money of investors are being recirculated to pay them back. So really my main concerm about these types of oine investments is about transparency. You need to have proof that you do have a farm, you do have livestocks, and you are operating legally because without that you'll just be loke one of those HYIP sites scamming people.

Things are actually different when you look at it deeply. You need to get the know-how knowledge as a developer having a big dream in the Agricultural area. It might not be that straightforward as you think when you begin the journey. Better still look for an experienced partner for collaboration for appropriate guidance. Best of luck

Need to look deeper into this. Thanks for the input!

Of course, I totally get that. I think, as for now, I am still far away from putting this project live.
However, I'd like to measure the readiness and support of the crowd for such a project. Traditionally, a investor could be found and things could get going - which also means that there are limits in what can be done initially, due to a strict budget for example. But having support from a whole community is very different, the more support the more options and flexibility. For example on some things we could even vote on what to do next etc. Of course this has to be more structured, but the options are more flexible, I think

Of course! Obviously I wouldn't be able to run everything on my own, even with all the know-how. A team is absolutely needed, a good team too.

Thanks 🙂

it seems like I've heard projects about infrastructure and agriculture before. But if seen from your idea, it's quite interesting and more specific. And of course, your target investor must be right to support the project. to fit the objectives in each phase and your mission.

We have a project like this and maybe we can team up.:))

Cool. What's your project?

https://www.thegeomadao.com
Would be nice to get in touch.

I went through this site, and read the whitepaper. So, essentially I'd propose this as an idea, and then what happens? What would be the next step?

It's a bit unclear to me as how this would help my project idea. Can you elaborate, please?

In order to be able to create investment opportunities ,you first must/ should create the Organisation which will do the investment.That means that we should bring likeminded people together and create a DAO.The power of a DAO consists in the autonomous governance.It is easier to decide together with other members through a proposal and voting process if a Project like Vertical Farming for example should be followed up and implemented.Normally Projects this huge are for oligarchs and banks.They take of course all the profits.A DAO can also implement such projects ,the difference is that the profits are shared among it's members.Secondly Projects can be implemented in different country's if it is the will of a DAO.So if you are a member of a DAO you propose a Project and if followed up you also have to do the implementation work.The DAO is the financier if you like, the implementor are you.The profits are shared.I can't reveal to you how this works technically and legally because i would give up to much.But in essence i think i answered your question.

Alrigh, thanks for explaining. Not sure we are there yet.

You are most welcome.
And of course we are not there yet.But some of us have to lay the bricks.:)

Interesting an idea but you must first disclose your location and your country's regulation rules about investing in Cryptocurrency is your country open to doing these things by one of their citizens, it should be regulated by your government because it has a potential to attract overseas investors, creating a whitepaper that will detail everything will be a good thing here.

Thanks mate 😊


Totally agree, but it's too early atm. Still researching locations, local labor, maintenance costs, etc. But it should be definitely in Europe.



Whitepaper is a must, I completely agree here too. Of course people need more information, and more specifics.
However, I am pleased with the feedback so far. No flood with negative comments yet, but honest and constructive critique. Helps me identify some issues which I wasn't even aware of.

That being said, has anyone a rough idea on what marketing costs would pile up to? The experts and "gurus" we've talked to so far gave very vague ranges, from 100k-200k + shares/% - which to me is insane, honestly.

Maybe you find this intersting......

Seller`s account > take litecoin online

purchasesharesonline.com : purchasesharesonline.com is a full node client, which means that it also loads the entire blockchain, which is the total record of every transaction ever made in Bitcoin, onto your computer. In addition to the purchase and sale of Bitcoin via credit cards and bank accounts, purchasesharesonline.com also offers a dealer service.Once you accept payments in Bitcoin, you can transfer them to your bank account or keep them in your wallet.

http://purchasesharesonline.com/merchant_button

I do not know if I do this well, if I did they actually pay me to post this.
This site you can use as a merchant, sell shares, you can also buy shares from a lot of projects, members vote for your project and when you get enough votes you are in the shares are all different pricesand start from 3$ and up. This company exist already 6 years. Maybe something for you.

I think you should first do it locally I mean in your neighborhood first, invite your friends and your neighbor to invest in your venture, if it is successful, then register your business, by getting a business, where you can do it locally and internationally, you should first do it legally so will not encounter any issue along the way.

I did actually. Made a test run last year on a farm we took over. I don't own it, just to be clear. The owner himself wasn't able to keep up with the work anymore due to older age. He tried to rent it out at first, but my friends an I, being the nice guys we are (just kidding  ;D), offered to help in exchange for him to show us how it all works. Long story short, I had no idea that there was so much work, we ended up "hiring" another guy who had more experience (paid him for the work he did). Towards the end he was less and less needed, so we actually made some progress.

There were quite a few issues though:
1. Rented machinery service - none of us could properly drive a tractor and its equipment
2. Too small to hire people full-time, too big for inexperienced guys
3. Profit was much lower than average, even for us (~1.6x of investments, compared to average 2.3-2.5x)

Overall I quite liked it, would like to do more. Being outside worked well for me :)

So, I am looking into renting out much more land and hiring people. This is easier said than done, thus all the research and questions.
We have offers to cooperate, basically start a business where the initial investments would be taken care of, but the % asked is way too high in my opinion, considering the fact that all the work would be done by us. In short, we'd be almost only employed there. I'd rather find an alternative. I have no problem with sharing the profit, but would like to co-own some part too. Need to get a bit creative here, as usually investors/vc want huge % since it's in such an early stage.