Bitcoin vs Agriculture

[uneng]

Bitcoin is just money. The only comparation or correlation between agriculture and bitcoin I could think about is the same when we talk about fiat and agriculture: you work as a farmer, grow your crops, sell it and are paid. So you use part of your payment to re-invest in the land and keep this cycle of work going on. You could do the same with bitcoin, instead of using fiat. Actually I think that is all and the same is valid for any other profession.

[molsewid]

It is sad that in reality, there is still adoption of bitcoin in terms of agricultural sector and this enlightened me that it can also be used in this type of locality.

Hoping that bitcoin will be applied in agricultural area so that they see how bitcoin works and this will be the edge for the bitcoin adoption in rural areas.

Both are important and I think that if these two combined and connected into a system, it is probably become a way to another development in the community.

Our country is know for it's rich agriculture but I don't understand why government need to import agriculture goods in other country. Sadly, farmers here are not paid well and experienced discrimination. It will be big help for farmers if bitcoin will be applied in agricultural area. Bitcoin should enlighten first what is bitcoin and how it works. I agree with you that if farmers and bitcoin combined and connected into a system it become an another progress/development in the country.   If it happened it will be a big help to farmers community and bitcoin also. I love to hear projects that has a good purpose for the people.  

[Ausgewielt]

We can't work alone, I think at least you should hire cryptocurrency expert and a developer. As I am only an entrepreneur then I only can give you an idea. Like a business in general, financial management has important role in business. You can start crowdfunding to gain more capital so you can increase your production capacity but don't do this if your country didn't regulate it yet. However we should comply with government regulations. Since bitcoin has many advantage in term of medium of payment then you can start accept bitcoin, so bitcoin users can buy your product. It is mean you will have one more segmented market. Maybe my idea is not the best, please read other suggestions from other members suggestions as well.

[doomloop]

Bitcoin is just money. The only comparation or correlation between agriculture and bitcoin I could think about is the same when we talk about fiat and agriculture: you work as a farmer, grow your crops, sell it and are paid. So you use part of your payment to re-invest in the land and keep this cycle of work going on. You could do the same with bitcoin, instead of using fiat. Actually I think that is all and the same is valid for any other profession.

Honestly We need to take this like people are deliberately looking for some innovation into their regular routine works. Because of lack of innovation in most of our day-to-day sectors, people who are all involving into those business, seeking some improvement so that they are believing changes of their lifestyle somehow. So I'm not seeing this like annoying when someone is looking for enhancement into agriculture because of bitcoin/blockchain technology.

At least through being a new and innovate payment processor, bitcoin may help agriculture in terms of attracting new customers and then regular buyers.

[Kez1817]

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Maybe it's difficult and risky but you can try. Invest some percentage of your profit from farming in bitcoin, just hold and wait until bitcoin reach another ATH before you sell it. Then, try to accept bitcoin payment for your farm products. But you need to advertise that you accept bitcoin as payment so that you can attract many people into your business.

[zanezane]

The problem that I can see with this one is that your sector must not be familiar with cryptocurrency in general so it will be problematic if you use bitcoin and they want to use fiat. Maybe you can stick to doing fiat and then taking those profits and converting them yourself.

[Ucy]

I guess Op is asking to know if the farm can be funded with bitcoin investment/loan. .
I think it's possible to obtain Bitcoin loans for farming businesses  if the repayment can be guaranteed or if the loan can properly used... It's also possible to get people to invest their bitcoins in the farm. We need to figure out how to do things without problems to the investors and the business owners. Some of the things that can be used for this are probably virtual collaterals, some sort of kyc (decentralized kyc) or borrowers Reputation.

[cute nmp]

l have studied agriculture during my tertiary education but I find it hard to figure out how bitcoin can be used in the agricultural field.The only way is to make an investment in bitcoin or receive payment in bitcoins for your farm products which will also help to encourage it's adoption within your local community.

[mrongos]

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Honestly, I don't understand what your question is, Bitcoin is only one of the many payment methods that you can offer to your customers. Who knows your customer is a bitcoin user, making it easier for other payment options besides physical money and banks. The problem of your farm growing or not depends on how you manage your farm, not from bitcoin. It's different if you use a bitcoin payment instrument, then you manage it into an investment so that your money can increase, but you have to realize that bitcoin also has all the bad risks that can make your money run out, if you don't want to learn and are not good at assessing the market .

[Lorence.xD]

l have studied agriculture during my tertiary education but I find it hard to figure out how bitcoin can be used in the agricultural field.The only way is to make an investment in bitcoin or receive payment in bitcoins for your farm products which will also help to encourage it's adoption within your local community.

That's like the only way possible, and either OP could sell his/her harvest only in bitcoin or make bitcoin as an option for payment, I think that it could work because I have seen a rice retailer in my country that are selling rice with payment options  include bitcoin, ethereum, litecoin and other coin that I forgot the name.

[bosede1]

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Can you please share an example of a business that bitcoin has improved and how? this will help me to know the angle you are taking your point or observation from

[mamahdedeh]

l have studied agriculture during my tertiary education but I find it hard to figure out how bitcoin can be used in the agricultural field.The only way is to make an investment in bitcoin or receive payment in bitcoins for your farm products which will also help to encourage it's adoption within your local community.

That's like the only way possible, and either OP could sell his/her harvest only in bitcoin or make bitcoin as an option for payment, I think that it could work because I have seen a rice retailer in my country that are selling rice with payment options  include bitcoin, ethereum, litecoin and other coin that I forgot the name.

Indeed, it can make bitcoin a medium of exchange, but the problem in my country is that the farming sector is still dominated by conventional people, where they lag behind the world of technology, let alone bitcoin. This should be a concern, so that more young people will participate

[Lorence.xD]

~

Indeed, it can make bitcoin a medium of exchange, but the problem in my country is that the farming sector is still dominated by conventional people, where they lag behind the world of technology, let alone bitcoin. This should be a concern, so that more young people will participate

If they lag behind then you should start the innovation because  you have the knowledge and as a first adopter, you are going to be the one going to profit much more since you are the only one so far in this innovation.

[Alucard1]

It seems like your title is far different from what you want to say, maybe you should change your title into Bitcoin in the agriculture industry, it is hard to think how can we connect both things as we know that both things are far different, Agriculture is done through physical things while bitcoin is in technology but just like other companies you can connect bitcoin to your farm or agriculture if you make bitcoin as your means of payment but that is not easy, your customer should also know about crypto first.

[mersal]

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Bitcoin is just a currency so if you know how to develop your farming and increase the productivity rate when you have capital then bitcoin can help you with that, simply it can be converted into fiat so you can spend it on necessary requirements to grow your farming rate.

You can also accept bitcoin as a payment mode while you are selling your products to the companies or customers if both are interested in peer to peer transactions.

[YOSHIE]

Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

the main and basic understanding, you have to distinguish between crypto / Bitcoin with agriculture, this is actually very far in meaning.

• If you want to invest with your farm yields in Bitcoin you can, you have to set aside a small amount of farm produce to invest in both the long term and the short term.
• increase, if you have invested and benefited from Bitcoin, you can make an increase to add capital for the needs of the farm that you manage.

Conclusion: If you have a profit, for example you buy Bitcoin in 2020 which is 1 Btc and the price of the farm is $ 6,000, now you can sell it for $ 58,000 / 1 Btc, This means that you can take advantage of this to increase your agricultural needs, for example: buying new land and so on.

[NelfiNovita]

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

You can open a business selling fruits or selling vegetables and then you can receive payments using bitcoin. We can buy fertilizer or buy insect poison with Bitcoin if there is a farm shop that accepts bitcoin as payment but if there is no farm shop that accepts bitcoin payments then we are forced to exchange Bitcoin into real money.

[Xinarae*]

Bitcoin is usually the king in the world of crypto there are many differences between agriculture and bitcoin. It is possible to improve agricultural work by investing in but bitcoin cannot be used through agriculture most of the farmers in our country are ignorant have no knowledge about their bitcoin and cannot develop agriculture through investment the world bank provides low interest loans zero interest credit and a variety of grants to developing countries. These programs and resources are designed to help achieve important achievable results in key areas such as health education economic development infrastructure construction maintenance and agriculture.

[Naughty Princess]

Bitcoin is just money. The only comparation or correlation between agriculture and bitcoin I could think about is the same when we talk about fiat and agriculture: you work as a farmer, grow your crops, sell it and are paid. So you use part of your payment to re-invest in the land and keep this cycle of work going on. You could do the same with bitcoin, instead of using fiat. Actually I think that is all and the same is valid for any other profession.

I agree. You have to grow what you planted. In agriculture, sometimes you have to risk and believe that the seed you buy have to germinate 100% to avoid loss. While in bitcoin,  you are 100% sure that it is legit and what you have to do is make sure that you trade for the right time. Both are giving you profit when you take good care of them in your hands. In agriculture, you make sure to have harvest everyday to eat while bitcoin can be hold when it doesnt grow for the moment.

[Silberman]

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

If right now you cannot find a use for bitcoin where you live then most likely this has to do with the fact that no one is accepting bitcoin and no one around your community even knows that it exist, as such the opportunities of bitcoin helping your farm are limited at best, however you can use it as a store of value as many people around the world are doing right now, if you can do this and hold your coins for the long term then you are going to get great economic benefits given enough time.