Topic: crypto for the development of local farmers...can.....? (Read 536 times)

We often dream too far about the adoption of cryptocurrencies, maybe the easiest thing right now is to login on the site then order tickets to a music concert and when we want to attend it just shows we have complete the payment, simple but has devs. done that?

And what a surprise they don't use a token, they don't have a coin or went through an ICO or IPO and they don't actually have anything to do with real farming but rather transaction brokerage and food and produce traceability, which helps the farmers about 0.01%


Ever wondered why it is so hard to get access to funding for agricultural farming businesses, even in the EU or US? It's because the profit margins even in good years aren't high at all, right now the average is almost matching the inflation line, and this with all the subsidies from the government. Have a bad year and you barely keep it running without losing money, make a few wrong decisions on what crops you plant, and just because farmers in another country did the same the prices would plunge and you're again in red.

Everyone talks about investing and poeple making money, but it's not like that, I can show you tens of pictures of formers farms all across central Europe who went bankrupt and are not even worth a penny, dilapidated buildings for who the current owner would pay you money when selling them. Europe has abandoned 200 000km2 of agricultural land in the last two decades, almost twice the size of Portugal.


And it's better this way because while everyone can become a gamer about 99% of the people know shit about agriculture, for most of them is plowing throwing seed and fertilizer, and then getting the crop if I ask about selling moisture levels, drying costs, kernel respiration rates I'm going to see a lot of Pikachu faces.
Let's go into hog farming or cattle and I'm going to tell you that safety and environmental regulations are stuffier than all the whitepapers for all the tokens in the world combined.

So let's leave things for the ones that know about it and stop throwing money at obvious get-rich schemes (for the "dev" team).
 

That's the point - in virtual games, virtual currency! BUT - it is backed by fiat player contributions. There money does not appear from nowhere either.
Therefore, for the third time I will say - cryptocurrencies cannot help either the blind, or the Congolese, or miners, or women, or Catholics ... ANYONE! Because there is no real value for a token issued by a farmer, such as money, land or a cow. And no one will sell him fertilizers or a tractor for this virtual set of bytes. Remember - cryptocurrency is just a tool, it's like a shovel or an ax, a microscope or a telescope, a mixer or a curvimeter! And just having them with a farmer will not save him in the same way ... You are simply deeply mistaken in thinking that blockchain and cryptocurrencies are the savior of everyone and everything, and this is just a tool, but not even the money for which he is FREE to buy the materials or fertilizers he needs.

plus some project regulations must be improved to make the source of online service providers needed by farmers to easily get what they need by providing value to their tokens, one of which is as you said listed on the exchange which will provide investment benefits if the price occurs holder even if it's risky

From the comments I have seen here so far, I can tell that it is already happening: there are already lots of projects that has been launched for agriculture, but the truth is that we are the ones who are not giving our attention to these already launched projects. Maybe when we start giving the attention needed to this area, then it will start booming. I saw some recommendations on here, and I checked them out to see for myself, they are all functioning, just that they are not popular.

You’d see people talk about other projects, like gaming, but you wouldn’t see anyone talking about agriculture. Another thing is that the team behind these projects needs to add extra efforts in pushing these projects further to success. I also noticed that these projects don’t have tokens that are listed on exchanges, maybe it will be great for them to look into that area as well.

Maybe they are not popular yet, but I do know that there are a lot of agricultural projects that has to do with blockchain and cryptocurrency. A few of them that I have seen and personally I think that they are really good are: Agridigital.io, agriledger.io, Te-food.com, etc. That’s the few I can remember, and they are doing perfectly fine, although they might not be so popular to the extent of you hearing their names and seeing them everywhere on the web.

I believe that what agriculture really needs is funding; a lot of farmers don’t have enough funds to be able to reach their full potential, so as long as they are given those funds, they will be able to produce more agricultural products and as generate more income. So there should be good platforms that would be giving them this access to investors, which I believe is the target of some of these platforms.

None yet have been able to do anything worth an impact.

That would be long shot, a better system would be like mortgaging their land to investors and investors can by shares of that land in tokens. The basis of that token would be the land and the income from that land would be a proportion of the total produce.

I know, a lot of unforseen things that we non-agricultural people will never be able to comprehend. Such accidents are common and that will logically reduce the produce from such lands.

Exactly the point. Just by adding blockchain (and previously hyped buzzwords like cloud computing) does not act as a magic bullet to every problem. Farmers and agricultural lands have their own problems that need to be solved by them with help from the governments. Only a handful of them might be able to go for a crypto venture if they have knowledge of such and having enough funds to start. It would be rare and I dont think the poorer countries would be able to afford that. They would rather stick to their lands.

I think that the exercise of mining through BTC is very competitive and has already taken every corner and the only option for mining BTC is for those miners to make a part of their mining power available to anyone to enter, from In fact, the concept of mining is very fashionable at the moment, because in NFT games it is like mining or staking but with games, but basically it is the same exercise, only that what the person has to do is play. The only thing is that the concept expands towards a generation of altcoins or cryptocurrencies that use the tokens, but it has the clear concept of mining.

What is the blockchain working system for farmers like? Can farmers claim tokens or coins when they harvest rice or corn? when their fields are hit by rats, will it have an impact on the dropped token value? I don't understand the working system like this and I don't think we can force things that are already in order.

A million project out there link blockchain and tokens to the most bizarre projects, normally led by teams of guy in their 30's living in their parent's basements that would not stand a chance of finding financing even in the most generous venture capital subsidies led incubator.

Among the thousand things you need to ask yourself about any project, one of the first is "how does blockchain or crypto make this project better". Example, I am going to implement a solar energy charger for AI driven electric cars with a token". How the heck does blockchain help any of those technologies in a way that money does not do better? The answer is most of the times none.

Agriculture is a sector that can be really profitable if you’re to utilize it properly. For those cryptocurrencies you have talked about not being successful, personally I think it would be something that has to do with bad planning. If they have a good plan the project wouldn’t fail and the cryptocurrency is going to be successful. But, when there is a wrong planning, then it’s going to be a total failure at the end.

We already know that there are lots of ways that blockchain can benefit the agricultural sector, and it is up to these cryptocurrency platforms with focus on agriculture to prove it to the people. It is not something that should be rushed, they will have to start small and convince people, with time they will get to expand.

No, it's not true and that's why all those hydrophones farms start-ups are losing money continuously
https://www.ft.com/content/0e3aafca-2170-4552-9ade-68177784446e

First, you need a controlled environment, then you need electricity, a lot of it since you need light for every plant on those shelves, so you have to spend tons of things other get for free, then there is the water pumping, then the initial cost and then more expensive labor.
They have received tons of investments and think that if with that initial money not being counter at the end of the year they post 1 cent in profit it's a profitable business but when you start counting ROI in, it's a failure.
With prices of electricity going up 100% they will all go bankrupt.


So the solution is money, and you want to disguise this in a so-called crypto investment while in reality, it means poeple all across the glove giving you money with no real assurance they will get anything back.

Those sites aren’t alive.
However I love the idea of supporting farming sectors through crypto currencies. Well they can not do much but find the farmers for their needs. I am not sure how the farming works in overseas but in India, farmers are very poor and needy when it comes to fulfil the demands of farming. Only few % of farmers are rich here and can tackle the climate change and poor harvest.

Rest of the farmers are so nervous about the farming and their Harvest every year just because Mother Earth is not doing well!

So, the solution is to modernise the whole farming thing. Give them the tools to overcome the natural climate change. There is indoor farming or hydroponic methods which can be used to get good harvests.

The problem? It needs huge investment. I think crypto could be solution to find such farmers. May be we can invest in different project get the money or resources needed by farmers.

What do you guys think?

Crypto can be flexible and used for many applications including agriculture, of course this needs government support so that it can make farmers can apply crypto with agricultural products so that the public who buys coins or tokens is always based on stocks from agricultural products.

Why am I asking this question? There is such a thing as "applicability", and for example, it is more convenient and logical to dig potatoes with a shovel than, for example, with a microscope. And the same microscope is not logical to call the savior of agriculture, because it has many characteristics that are very different from a shovel. Therefore, it seems to me quite incorrect to say that tokens or cryptocurrency will save someone. Such tools are not lifeguards, they simply provide new technology that can be used to solve some problems that previously could not be solved or were more difficult to solve. But this does not mean that this is the salvation of everyone and everything

It is actually complicated if you do see out the bigger picture yet fiat would really be enough and wont really be needing on complicating things which i dont see for it to be needing on something like this.

Investors wont really be seeing this as a good or worthy kind of project if it do focuses on an industry which could stay up with fiat transactions if ever they do decided up for some funding.

I actually see the point in regarding on this one or this idea.

I constantly ask a simple question, to which supporters of the topic "cryptocurrency will save agriculture / medicine / seals / spinach / something or someone else" cannot clearly answer. So the question is - what, in your opinion, prevents you from doing the same, with the help of fiat money, the possibility of issuing shares, or attracting investors by another method? Why is the issue of tokens better, more competitive than the issue of shares of an agricultural producer? Why is a token better than a fiat in a situation where there is a question of buying equipment? Moreover, the legislation of many countries is not yet very on the side of cryptocurrency.

I remember there were lots of projects had attempted like that but unfortunately all of them had stopped their operation for some reasons. Most probable reason might be, lazy and scammy devs but I do see lots of possibilities for crypto to be helping agriculture and farmers in many ways but for all of them, there should be proper protocols should be designed and followed.

I am confident about successful agriculture based crypto project which must be using bitcoin as one of the optional payment system in near future.

I think that cryptocurrency can help agriculture in the following way: there are a lot of companies connected with agriculture, so they can launch their own tokens that will be kind of their shares. They can create a mechanism of how to encourage people to hold their coins (staking of their tokens or bonuses for holding) so that they get funds due to people's investing in their tokens. Also they can start selling their products for ctypto. 

I still strongly believe that cryptocurrencies are still very useful in agriculture. however, it all depends on the project team that handles it.
if they really focus on developing it, I think it could be a great thing. I've heard about this Hara token, and it seems to have been popular in some groups. however, due to some reasons, the project sank, and this is not the first project like this. well, I think in the future, there will be some projects that really succeed in developing crypto in the agricultural sector.

I will answer very briefly - what is NOW preventing you from doing the same? Buy equipment for money and grow more vegetables using the new technology?
Please - do not forget to tell also how in your model, the farmer FREELY sells as much as he considers necessary, and is it not by chance that other players on the market control this market more than the manufacturer?

If we take a look at the agricultural sector, there does not seem to be any innovations for implementing cryptocurrency yet. We already have cryptocurrencies which are very effective as a type of payment currency. But there is no need to limit it to only the agriculture sector. There is not much that you can do in agriculture with blockchain, I believe.
Perhaps NFT's may be something that can be adopted for people who want to buy certain animals? For example, in Japan, they auction off expensive Kobe beef cows but perhaps you could "reserve" them with an NFT at a young age.

The situation looks a bit different. I'll tell you now, at first it will not seem like a very real story, but if you sit down and think, it will become very realistic.
SHOPPING NETWORKS! I have been working in IT for more than 25 years, and had experience working with retail, agriculture, industry ... So about grocery retail and its impact on agriculture. I, for example,
noticed a very noticeable change in the positioning of large retail chains. If earlier they were consumers in relation to food producers, now they are becoming customers, moreover, customers who already indicate what, how much and at what price they will purchase. Even 10 years ago, agricultural companies could refuse to chains and sell to others. Now the market for food consumption is virtually monopolized, with a change in roles and distribution networks.
And what about the s / s company? And now they are forced to accept the conditions! And where do you sell your crops, in the face of huge competition and price collusion of networks? Nowhere. And not being able to have good equipment is just a consequence of the above - there is no working capital, there is no money to purchase high-quality technologies to increase efficiency and reduce costs, there is no technology - a higher cost price, high cost price means a low margin, and so on. ...

That is ridiculous, in what specific way agriculture would be revolutionized by crypto? all the things mentioned in the quoted posts can be achieved without integrating agriculture with cryptocurrencies.

And I wonder why should the intermediary between direct seller and buyer transaction should be done within cryptocurrencies token? it is surely can be achieved without cryptocurrencies. and sometimes, just by selling out to middlemen will have a bigger profit margin, in some cases.

The number one help would be to connect farmers and buyers together. I know that right now there are middle man that buy the crops from the farmers and put their profit on it and they have costs as well so they put that in as well and we buy from them.

I know this is not how it is, but I just want to put a simple example, a farmer has 1000 kg crop, it costs him 1000 dollars to farm it, then he sells it to some middle men, more like grocery store chains and all, they keep it cool in a truck and take it from him and get to grocery stores and distribute to them all and that costs them another 500 bucks, then they want to put a profit but a little so they do another 500 dollars, now the crops is 2000 dollars.

You are paying 2 bucks for something that cost farmer 1 dollar, and that is why we could use crypto to connect farmers and buyers. Have a farmers token, buy it and give it to farmer, then farmer will use that to buy seed and water and whatever they need, and then they will raise it and send it to you when it is ready so it costs farmers a lot less and they will be able to cover the costs easily while selling you cheaper without a middleman.

I haven't forgotten that in the past few years there have been many ICO projects that have emerged with agricultural concepts but look at it until now none of them have really worked

I don't know where it's wrong, it's just that from what I see projects about algicultural are not very interested

I believe the projects you have mentioned are just there to raised fund and doesn't willingly want to help or develop agriculture. They are just using crypto for their own interest, because I've seen a lot of projects like that. Or, either the support being given to the project by the people/investors and the government or local government to implement their goal is not enough.

But tbh, I think crypto can help agriculture in many different ways. But it can really bring a bigger impact if government uses crypto as a way to develop agriculture. We all know crypto offers a lot of things through the use of blockchain technology. So I have no doubt maybe in the next few years, someone's going to introduce something that will bring amazing changes in agriculture industry using blockchain. One great idea will soon come out unexpectedly.

Technology improved a lot but farming tech didn't improve fast enough. That is the biggest issue, sure there are better tractors and all but most of them are under one companies power and that company doesn't let you fix it so they end up charging a lot, this is US farmers problem and there are technological problems in most nations as well. We need to not only change the way we farm but we need to add a lot more tech to it to make it more efficient. Farmer numbers dropped a lot as well, lands got sold and built new homes on those lands, at least in my nation that is like that. Most farmers kids studied in college and want to get a white collar job too.

So, we have less people, less land, less efficiency. How do we solve this? We need to grow the support for vertical farming, build business around it, and get botanists to become farmers in warehouses instead of lands. Crypto "may" help with blockchain instead of coins directly, but it is not a rush.

And some of those offering the topic "cryptocurrency will save farmers" can explain
1. The main problems of today's farming
2. How exactly (step by step, with an explanation of what will happen, what is the purpose of each step) will this scheme work,
3. what are the key advantages of blockchain, in this case, the farmer will receive (preferably with an example).
It's just that, knowing, for example, the problems of modern farmers in our country, I can say that the only real application of the blockchain is maintaining an inventory of land plots so that they cannot be manipulated. Everything else is just money, and only agricultural technologies.

We do really have lots of project ideas that had surfaced out on the market and some of them are unrealistic ones or something which isnt really necessary for it to be applying some blockchain things yet it would be much simpler if it would be done directly if we do talk about local farming and helping out something in related into their venture which could really be done by fiat directly because blockchain tech isnt
something that only focused on all sorts of things for it to be applied.We should accept that there are certain key areas on which it isnt really needed at all.
Therefore i dont really trust up this kind of set up.

Having some sort of crypto help in any type of business will definitely make it a lot better. Not just because it would help the organizing of the problems and solving them one by one with technology, but it also makes them a lot more popular. Imagine a farm, what do you imagine? Land, dirt, veggies coming out of earth and all that right? Typical farm that you always considered all your life.

Imagine a world where vertical farming gained more fame, you have this big warehouse, no dirt or ground just water so you hydro farm everything, you have 200 lines of layouts that you could grow things with 10 shelves each meaning about 10 cabbage for example on each of them, meaning at once you could grow 20k cabbages all at once. Now this is great right? That's true and it would be profitable after a while however imagine now that you get to NFT all those shelves and lines and how you could profit from them all together at once, you could sell them for a lot of money today and build 2 more warehouses with it, that is the future that crypto promises to every single sector in the world.

It is quite possible. I think all it needs is the right team standing solidly behind it; a team that knows what they really want to do and they show the determination in doing it. What most of these agriculture needs is a good investment and the right people doing what they are supposed to do, and you will see this sector booming.

So, if any team is creating a token, the goal would be for them to get investors who would buy these tokens as a way to invest in agriculture (which I believe is what other projects were all about, even though they failed). With a good plan at this, I believe that it is going to work. And agriculture is one those sectors/businesses that drives a lot of profits, so when played right, it's going to be a huge success and will benefit the investors and the team.

Yeah too bad it's not like that, and I can get you some number on that.
Milk sold directly from the farm, 30cents/l , milk price in chain stores, from 60-1.20, remember it's also VAT.
Wheat is selling right now at 250 euros per ton, the price of flour is at around 80 cents per kilo.
Higher quality pig meat is at 7 euros, if you're going to tell me the cost is 30 cents...

No, stop with these numbers, they are just wrong, at 20x nobody would grow that food in the first place.


What's the point of number 1? Two continents have managed to get out of that situation without any crypto, why would that be a stringent step?  It isn't!


Yeah, too bad you can't turn plastic into fossil fuel cheaply.
First, plastic makes a tiny fraction of oil consumption, second, it's hard as hell to even produce the fuel, and the cost is outweighing the price of crude by an insane margin.
Why do you think nobody is making gasoline out of coal?
https://www.reuters.com/article/us-environment-plastic-oil-recycling-idUSKBN2EZ1EF


Nice, now cryptos can get rid of bureaucracy, I'm not even going to ask you why and how this would be possible.

Ok, I heard you. And now the question is - where will the farmer get a cryptocurrency, moreover, a liquid one, where will a supplier of equipment come from, ready to sell equipment for this cryptocurrency? Why can't a farmer buy machinery for money? No money ? How will he get the LIQUID cryptocurrency? You must purchase it! Issuing your own cryptocurrency? And the security? Harvest ? And if crop failure, drought, ...
You must understand that the main problem is the farmer's lack of money, and if he does not have an asset for which he can purchase equipment, no one will give him the equipment! And no matter how many tokens you issue, they will not change the picture - the farmer did not have money and will not appear ..

I think crypto currencies could help farmers to acquire equipments and goods for growing their crops or feeding their animals for a cheaper price. You know in many countries farmers don't have access to equipments such as vehicles (tractors), energy systems (solar, wind), structures (greenhouses), inputs, pesticides and medicines in general produced in their own places, forcing them to pay a very expensive price to import those items, which are necessary to increase the productivity of their farms considerably, while decreasing the effort needed to achieve that.

In part, the price to be paid is too expensive due to bureaucracy imposed by governments in the formal market. If crypto currencies are used, there is a chance part of this price will be reduced, becoming more affordable for every farmers around. However, a specific crypto isn't a must. We can just use an existing one, like bitcoin, for an example.

Ok, I trust your experience and knowledge. Can you outline a simplified diagram here to understand how this might or should work? And we will discuss it in order to understand - will it really help? And is it possible to replace cryptocurrency with something else in such a solution? I'm sure it will be interesting!

In my opinion, a True Cryptocurrency Network that's based on merit could help farmers. Good Ideas could come from honest global participants who have unrestricted/less-restricted access to a decentralized community that is meant for farmer.
The problem with the current world model is the use of unqualified people to help farmers in lots of areas. The system is centralized, ridden with corruption, not very Transparent , not truely based on merit etc...
We can make a difference.

actually, cryptocurrency can applied on many method, the problem is the local know about crypto or just use it as investment. of local use the other crypto as payment or developing their place, im sure it can run properly.
that sector can be great on developing because of who handle it, management will die if they never know to step forward. its good if people who know about crypto and farmer, join and make progress, developing their local business with cryptocurrency

It can be developed but that does not imply that it can be useful. Anyone can create a new coin without any regulation but that needs to be done with a feasible vision with proper hindsight and not a cannabis-induced hallucination.

Like I said, there is a lack of follow-up. Truely there has been many projects that have put in agriculture as a cornerstone and developed only to end up as a shitcoin. Point is that clicking some pictures of a farm or some farmers does not mean they are going to get big. It needs to pitched properly with direct communication between investors and the representative of the farm, report updates about the farms expansion and growth cycles and how the token holders can spend their tokens for their own benefit.

All these things are lacking in almost every ICO based coin that have been launched.

Cryptocurrency will save farmers ... Cryptocurrency will save Venezuela ... Cryptocurrency will save ...
Cryptocurrency will not save anyone! Why doesn't a caterpillar tire or cowrie shells or a microscope save farmers? For the same reason - they cannot help them Cryptocurrency is not a panacea, cryptocurrency is the same financial / technological tool, like many others. It has both advantages and disadvantages. And you just can't help anything simply by taking and adding cryptocurrency there! And therefore, anything will help farmers, but certainly not cryptocurrency. They will be helped by profitable loans, state support will help them, and we ourselves can help them by increasing the consumption of their products by 10-20% ...

Every nation depend on agriculture for survival and most agriculturist are still left behind in the era of digital currency and farming. They only way to effect this is to host a world class agricultural crypto submit where farmers get enlightened on  the use of crypto currency and if no education is done then many agriculturist will not see it as an option

There are also quite a few limitations for crypto in the agricultural sector when the sources of labor and value here are quite natural, less dependent on technology and machines, with such low level of linkage, fundraising cannot be as perfect as other high-tech and integrated projects. Moreover, when the initial capital is no longer an issue, the rear modes will need their own and more special entrance, relatively deadlocked about this space, honest and straightforward local farmers it is difficult to succeed in crypto

Most of these project will not last long due to lack of interest in the token or coin they own so transaction volume and market cap will not be good like for example hart token. The worst impact for such a project would be having to sink in the market due to the difficulty of competing with many ideas from other project, obviously they help at some point but I don't think so in the long run.

Crypto can help the agricultural sector only if the government starts to adopt crypto as a legal tender where some crypto-based lending platform can provide loans to farmers as initial capital which they will return after harvest. Regarding the marketing of agricultural product, I think that currently there are not many farmers who have difficulty selling their harvest because there are always traders who are willing to accommodate their harvest.

Yes it can but who will implement this project unto the farmers? A certain company? Well I think this will be bad if they will enter on this scene since this could start of monopoly if they willl be integrated on Agricultural sector but if the government will handle this and create this project in benefits to the farmers then maybe we shouldn't worry about the outcome of that plan since for sure we are in safe hands. But so far the one I see if someone offer that benefits to farmers or local farmings project and ask for money are mostly scams so we should be aware of that schemes.

Crypto can be developed for all types of life including agriculture, in fact there have been projects that wanted to adopt agriculture to the blockchain system, but because they failed to reach the target money during the ICO the project stopped, of course we are waiting for developers to enter the farmers so they can make they are easy to market agricultural products.

That is why I often question the real motives behind so many cryptocurrency projects. The moment a crypto project is built, token created, assigned subjective value, admitted on exchanges, heavily promoted for price increase, encouraged for speculation, and so on, it becomes purely selfish money-making.

There are countless cryptocurrency projects that ended up functioning too far away from their original objectives. Mostly, their tokens serve no other purpose than for speculation. The tokens mentioned by the OP might be examples.

The OP seems to be from Indonesia considering that Hara is one of the project originating from Indonesia. I haven't seen much progress from the project since its launch although it's still active today. I don't think Hara will be of much help to the agricultural sector especially in Indonesia given that so far interest in the project appears to be very weak and its products are only traded on one of the local exchange with a volume of $7K in 24 hours.

The agricultural sector is one sector that has received a lot of attention from the government, where until now, quite a lot of government assistance has been channeled to this sector. I wouldn't say Hara will help farmers all over Indonesia because in principle a project like this has the main focus on raising fund for the construction of the project. Even today the website seem mediocre and not a safe site to visit.

I don't know which country you're from but I'm also from a largely agricultural country. The agricultural problems here are multi-faceted, but I don't think agriculture-focused altcoins or even the blockchain technology itself are the apt solutions. On the contrary, they might only end up making the issues more complicated. These technologies might be applicable to the agricultural sector of advanced countries but not to poor agricultural countries like mine.

The needs of the poor farmers in my country are mostly the basics. They don't have the money so they need access to subsidies and microloans. They badly need advanced farm machineries as most farming and post-farming processes here are done manually, therefore, time-consuming and inefficient. These are just some of the demands of the farmers in my country. I don't know how a shitcoin could address those.

Why wont really be just dealing with fiat? It isnt really that necessary for it to be in form of token which i could say a little bit of or not really necessary.

I dont really see any possible real use case or connection on how this would help out farmers because it could be simply done if there would be someone

will fund up when they are trying to asking for some improvement or add up.For now i dont see any relevance for this one.

Most crypto start ups target a path of least resistance.

Agriculture and farming have to represent an esoteric niche area as far as crypto start ups go. Me being me (guy accused of thinking crypto can solve every issue faced by society), I could come up with vague ideas where blockchain tokens might provide some value for the farming industry.

I think everyone knows fertilizers, pesticides and herbicides used by farmers are all derived from fossil fuels. Increases in the cost of oil and fossil fuels is leading to higher fertilizer, pesticide and herbicide costs. Which is increasing the cost of food products. Its a double whammy where increases in oil are also affecting food shipping costs.

One potential method of reducing farming production costs is reducing the cost of oil and fossil fuels. And one potential method of achieving a reduction in oil and fossil fuel costs is to expand the supply of oil and fossil fuels.

Here is an idea on how this might be accomplished.



Notice a small supply of plastic waste there? Where does plastic come from? Its essentially made from oil. All plastic waste and plastic pollution littering the world is oil. There are methods to take that plastic waste and recycle it back into a fossil fuel. Which could potentially expand the world's fossil fuel supply, decreasing shipping, fertilizer, herbicide and pesticide costs.

A crypto token could be built around funding and rewarding efforts to recycle plastic waste into oil. To benefit farmers and reduce food production costs.

https://www.youtube.com/watch?v=oRkVYgNL8n0
ReOil: Getting crude oil back out of plastic

There are other different methods crypto tokens might be used to potentially improve circumstances for farmers. Its not an issue which lies around a path of least resistance most often taken by start ups. But it is possible it could be done.

What I am seeing here as the biggest problem is that most of the teams that ventured into agri-related blockchain projects have no real experience in agricultural farming. So they are just using the front of the agri-idea to attract potential investors, and that will make them as a failure because they really don't know how to address the actual problem of agricultural industry. So if they can't raise enough funds along with some bottlenecks along their journey, they easily give up because they don't have strong affinity to the industry that they are promoting. The success of a crypto-related project when it comes to agriculture maybe lies the fact that it needs a company that is already existing long time in the agricultural industry so they will not starting from scratch and know what to do already.

I'm actually more interested in development of self-sustaining farming system that's well built to attract talented/passionate farmers, buyers, sellers, researchers, workers, investors etc to depend on one another. You could attract them on fraud-proof platforms (with the right agric-friendly tools/infrastructures) that focus more on local farming and allow participants to monitor and regulate themselves based on set rules, and help ensure that most things are done properly.
I don't think investors should consider making lots of money at the expense of cheap healthy foods. There could be other ways to make money to avoid affecting the cost of good quality food too much

Not just agriculture sector, any sector will get benefited out of cryptocurrency if devs are honest and hardworking. Like people already mentioned about those projects, I guess all of them might have turned scam already hence you cannot expect them to be helping agriculture to be flourishing.

Moreover, if you are having funds to develop anything then you can go for it; this way here cryptocurrency is used only for raising funds and not for any technological improvement. Cryptocurrencies or blockchain technology can be used to make efficient system to have better results but I am not sure here cryptocurrency or blockchain technology got anything to do with agriculture sector in technical wise.

It's not a new development in the crypto field that projects turns out to be scam oriented or a failed project based on certain issues which isn't limited to the team behind. The team behind is the most important of these factors because, they decide to stay the course or idea about the whole agro based project or just chat away the generated funds.
So, the solution often rest with the project but then, you don't expect some free giveaway out of the project should you not have invested. There certainly would be protocols to benefiting from these developments and should the project be a legit one, your most likely to see them delivering there promises, following established terms and conditions.

It's too soon to introduce cryptocurrencies to farmers because their interest in crypto is still very minimal.  Besides that, there is very little education for farmers about technology and that's one of the reasons too.  surely in the next 5 to 10 years, crypto projects on agriculture will be more popular and successful than now.

Cryptocurrencies are basically a form of money and the people who make claims to support farmers through various tokens etc are usually corrupt with ulterior motives and the farmers end up getting ignored.

The question isn't whether cryptocurrencies can help improve farmer lives around the world. Instead, the actual question is whether the people involved with such agriculture related tokens legitimately want to help the farmers.

If so, no special treatment is needed. It does not distinguish it from other businesses which basically depend on banks and the general lending system.
When imagining how a defi loan works that requires an upfront guarantee and a comparable value, wouldn't a bank loan be better with a "lighter" guarantee and legal protection?

If farmers in developed countries such as South Korea or the USA this is of course easy, but in my country it is very difficult because the farmers' lives are very poor, every harvest is only to pay fertilizer debts and rice field rental fees, maybe this is a tough job to be able to make farmers progress and can develop potential.

Dont have any contacts of anyone who invested, but the general assumption from reading that article and looking at the site is that they did go bananas. I was hopeful of it at one time though I did not buy any.

I know the hardships that farmers in many countries specially the third world face when getting agricultural loans and so. However in order to think that they would use crypto to fund their project, they would need crypto in the first place too. Now farmers are not that rich that they can afford a couple of bitcoins - so where is the money going to come from?

Lending bitcoin to farmers is another option or using tokens to buy shares of the company is another option that might be interesting to many investors. Indeed this was what the Bananacoin project was trying to do, if I presume correctly.

Problem is that even if the project failed, there is lack of follow-up to what actually happened, we can only speculate on the forum but maybe one of their own can only tell us the reality - this lack of follow-up is also another reason why other projects cannot adjust their use of funds by learning from other project's mistakes.

There is no excuse for someone who deceives a farmer, but the farmers dont have any other alternative at the point either.

maybe most agricultural projects are of less interest but as a farmer's son I know very well what agriculture needs at this time and cryptocurrency is very possible and it's just how to apply it: as you said agriculture today relies on banking for its business loans which is sometimes difficult to obtain. get it and marketing is still constrained by a system that does not benefit the farmers so that sometimes they are deceived by transaction payments. Isn't it not impossible that crypto will experience significant development and the government/banks will accept crypto

The problem with any good based business is that there cannot be a very comprehensive blockchain solution for them exception for their supply chain. Their production and harvesting can in no way be connected to blockchain, only place where you want atleast some sort of reporting and ease is the supply chain where you want a place where sellers could meet buyers and eventually sell their harvests at a transparent price. What I also feel is that farmers or field workers don't have the expertise to access these sort of solutions especially in the countryside and in developing/ underdeveloped countries, so there might not be much use case of such a thing.

A certain coin needs further improvement and development so the agricultural sector would notice it. Most farmers don't have time for the internet but if the developers of coins would introduce it formally including the advantages of the coin, I'm sure that it would attract the agricultural sector to invest in it or to adopt it as an agricultural coin.

Here is why I do think it's an amazing idea and why it would work for developing countries.

The farmers grow and sell in a bulk to the middle man which then sells to consumers. Now the cost is very very different. Let me tell you some stats. The cost of something x as sold by the farmer is generally = 1y but when you buy it from the middle man it's 20y.

Now the reason farmers are not able to do anything is because they do not make profits for them since sometimes fertilizers etc are provided by the middle man, now this cycle continues for ages and they are always on the border.

Now if a farmer can sell his vegetables for even 10y then he would be making 10 times the profit on every sale. This would only work if he has good knowledge of cryptocurrencies and how he can use them, which again highlights another probelm: the lack of education in the poor sector of the society.

Now the government might have to ;
1. Give free classes to teach them about cryptocurrencies and how they can be used to expand their business
2. Provide them easy loans to start it on their own for the time.
3. Have a good support system for them till they are able to understand how everything works.

This is hands down an amazing idea and this way even local farmers can have a say in the national and international markets.

Money can help the farmers so cryptocurrency can help the agriculture but never relate the growth of an agricultural related shit project with the effective use of cryptos in that field. No more shit coins and tokens, bitcoin can do the enough things needed so lets stop feeding the scammers in the name of new ideas.

I don't think so unless cryptocurrency is used just to fund the development of these agricultural lands other than that I don't see any uses of it. However, a blockchain certificate can be used to determine the authenticity of that product and its origin. Blockchain can be used to food supply chain and to boost its consumers trust.

The reason why those shitcoins fails is simple.... it has no other use case, so the farmers and people buying those tokens cannot do anything with it. Instead of creating a bunch of shitcoins, why not just use Bitcoin with 1000's of merchants and people wanting it. 

A lot of these shitcoins are created by the developer to "pump n dump" the tokens and for quick profits. The "agriculture" use case is just a selling point to get people to buy it. 

Oh, but they can, and they usually beat the crap out of them, two graphs that show why, leaving aside subsides:





If farmers in the western world would stop 50 3rd world countries will starve out, for example, the once-mighty Egypt is the biggest importer of wheat and others could easily follow its path. It's not as much about subsidies that would indeed cause some bankruptcy till the prices will skyrocket all over the world and farming in Europe would become again profitable but the consumers would get screwed, but a thing of machinery and very low human labor force.


Pretty sure the investors went bananas...

I didn't follow the agriculture crypto coins much, but it seems there was no big breakthrough yet. Farmers are usually not very technical people, so it might be hard for them to fully understand crypto currencies. Without the understanding it will be hard to get them involved with new projects. The question I would ask is, why should the coins only be limited to the agricultural sector? All types of crypto coins can offer values for business, wouldn't it be better to go for a more generic project that can be used by many different business. There are sectors who would profit strongly from their own crypto project, but it always comes down to the number of investors and who would actually use it. Having a special crypto coin for farmers, manufacturers, and other essential business should create a lot of demand. Limiting the scope of new projects to a niche area can make it become forgotten very fast.

I agree, I was also perplexed because it is still not applicable to the farming sector because crypto is, in my opinion, for broad terms that could apply to all but when only money is involved, when it comes to farming, machines or technology is the best which is a tangible because they are growing crops or other things However, I believe that it is still usable as a payment mechanism, but it has had no significant influence on their lifestyle or farming operations.

The agriculture sector isn't very financially sustainable.It's really difficult for a farm to become profitable and stay profitable in a long period of time.That's why most of the farms in the western world have all those financial support programs and cheap loans.They can't compete against the cheap production coming from the underdeveloped world.
Can the crypto industry help the agriculture sector in both developed and underdeveloped countries?
I don't think so.
The farmers living in rich countries need constant financial support from the government.
A new "agricoin" won't help them in the long run.
The farmers living in poor countries also need financial support,in order to buy better equipment and raise productivity.Can some random crypto coin help them achieve this?Maybe yes,or maybe no.It depends of how honest the developers of the crypto project actually are.Won't they turn into scammers?


  

Here is another one that I had close interest in back when ICOs were more "glamorous" called Bananacoin - https://www.investopedia.com/terms/b/bananacoin.asp

ANN Thread still exists here - https://bitcointalksearch.org/topic/ann-ico-bananacoin-worlds-first-blockchain-option-for-banana-plantation-2112748

The topic should be read by every new investors out here, shows the reality of what can actually happen to many lucrative sounding projects that could have been well developed, but failed to do to reasons unknown. Currently the site has not been updated for a year.

I think cryptocurrency can be used for a lot of positive development, but it is not a magic bullet to every problem - a bubble that had been created by ICOs a few years back and then everyone was creating a coin for everything possibly you could think of, leading to a large number of garbage projects. Crypto can be used to fund a farm and its architecture, furniture, electricity and expansion. It can be used as the mode of payment for online services that the farm can provide. But all these things need time to grow and they will not happen overnight. Maybe these failed projects can be the starting step of some new startup, I am optimistic of such.

Not really, no one hasn't thought of the right thing yet that can help the agricultural sector when it comes to cooperating with crypto. There's one that I've heard of which is Farming Tales, you can actually get your profits in the form of produces from their partner agricultural sector or you could do a token although I still don't completely understand how it all benefits both sides, at the least we have some point of reference for future projects right?

All those "crypto for specific use case" are scams and shitcoins. There's absolutely zero benefits for creating a currency for one field or use case. The whole point of money is to be exchangeable for everything.

Crypto can't do anything for farmers. It's just money, a payment systems, it can't really solve any problems not related to that.

I think the fact is this kind of project won't really help the agriculture sector, they don't have use as what they had promised to deliver it correctly.

I agree with the comment above that they only raise funds for their own benefits, after this they will slowly disappear, so what is the reason that they will exist, how they can help local farmers through their projects? I don't know how but I think there is no real development.
However, maybe other projects can do this but in local farmers, I felt have a negative result.

Maybe this projects are not properly marketed to countries wherein farmer agriculture is still one of the main source of income for their population?

Or I guess still depends on the nation? if they are not into crypto then how can you promote this projects to them?

I guess the goal here is good no doubt about, but it might take years to really apply this project to farming sector as there are obvious a lot of challenges in the line.

Agriculture used to be the bed Rock for industrialization in my country, but since long it's just been a means for survival for people and large scale farming has been substituted for other things -crude oil, coal and more-, now I will not expect a coin which was created and said to be to support or start a return of blossoming agriculture to work, no I don't think crypto-currency as such, first the excitement and interest in agriculture is down and the coin would be bought by investors if they had to for profit rather than to use it for agricultural development.

There are projects that are only using a certain sector for their promotion and goal. But as you've said that if there's no progress at all then that shows that you know what type of project they are. That's why many of those projects that have main focus didn't become successful.

I believe so but there's no need for any project to deal with it. Bitcoin alone can help the farmers if there's an actual way of doing and funding them through it.

People always tend to use the term agriculture into their project and raise funds, but end of the day this doesn't have any connection with the agricultural people. With the gain of massive amount of funds why don't they make the project more effective and beneficial to common farmers who aren't that skilled with technology.

With dentacoin the project aims at connecting the dentists around the globe. Through this platform they're able to manage everything associated with dentistry. Same as that why can't be a project developed and made successful for the farmers benefit.

My comment is going to differ from the first comment that says that developer should focus on something else apart from raising funds.  For me I think it’s all about doing things right,  maybe those who have been doing it are not doing it the right way, and that’s why they keep on failing.

It’s all about having a team in this agricultural sector that would develop a project like this and be more focused on the success of the project, and how it is going to keep thriving and not end up as one of those other agricultural cryptocurrency projects that you have seen. It's still going to be all about raising funds, because that’s the only way I can see cryptocurrency being part of agriculture: investors are going to invest in this coins and the funds will be used to invest in agriculture by those that are behind the project to make income.

The more investors keep going with their investment, their funds is being put more into agricultural produces, and to generate more profit in return. That’s how I imagine it.Funds should be put on agricultural structures and many more things that are going to benefit the agricultural sector and also benefit the investors. And for investors to have access to these opportunities they will have to invest in these tokens or coins.

One site dead, the other got a "rebranding" and went from agriculture to NFT, I wonder why I even bothered to check.


There is another question, why even apply cryptocurrencies in the agricultural sector?
What real advantage will some shit tokens provide?

I'm coming from a family that is involved in farming, for 4 generations that's what we have done on our land or on the state land as it was used to be called for a short amount of time. I've spent hours debating with people here and I can't still find one damn reason why should my parents or their business partners use a token. You want to get rid of fiat , good, use BTC but a token has zero impact.


It's damn obvious they have no plan on actually doing something, why would you need a token to share data?
You can make a Facebook group and everyone could post there their opinions, their methods, do advice, and all that for free!!
We have in our region both a forum, a FB group, and an WhatsApp group where everyone will know in a minute all the prices for everything, from seeds to fertilizer to the average moisture for the last day crop.

Is anyone so naive as to think that some token can be helpful to agriculture in a way that makes any significant change? The problem for agriculture is much bigger than some famous tokenization of that sector, and every farmer knows what it takes for his crop to succeed. Drastic changes in the climate affect agriculture, and in the whole situation, it is even worse people are trying to compensate that with even more fertilizers, pesticides, herbicides, and other toxins that poison the soil and the plant that grows on it.

Hara did not develop well and the community was not well known, so they were quite quiet and did not experience much movement. I have seen their social media especially on twitter. In my opinion, there is no encouragement from the surrounding community who do not pay attention to the importance of developing Hara tokens for farmers. But besides that, it seems that the team hasn't made any additional moves after linsting in the Market, after that it experienced a pretty drastic decline as if it was abandoned.

Crypto need a committed project for agriculture that will sincerely raise funds for the growth of the sector but this is lacking so far. Agriculture is a very important sector and has many as aspects to take care of in the economy. The world has economically developed and need a guard in the encrypted blockchain.

It depends on how you want to connect the agriculture sector with cryptocurrency. Those projects you mentioned wouldn't help develop agriculture sectors. Because they need just raised funds and enjoy. After raising funds they don't need to proceed with further development. I am not expecting too much. Cryptocurrency would help develop agriculture sectors, but it's hard to determine how. That's where we stuck. A fake promising project wouldn't help agriculture sectors. Need to think of something different than raising funds.

Until now, several cryptocurrencies related to the agricultural sector, seem to be less effective for farmers and also there is no progress. because of several projects such as those in my own country, including Hara Token (HART) and Agricoin (AGC & AGCMN).
  who try to use the agribusiness sector as an asset for crypto offerings, there is no development and tends to be left behind even though 30% of the world's population is a farmer and the other 10% is related to agriculture. Can cryptocurrencies still be applied to future economic developments in the agricultural sector because it seems difficult?