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Topic: Farmers world wide using Bitcoin - page 2. (Read 1403 times)

newbie
Activity: 42
Merit: 0
April 26, 2016, 09:38:25 AM
#13
One of the primary reasons why food prices are increasing is this | There are too many middle men | If you look at the percentage of the food price the farmer contributes, you will find that it will be the smallest in the chain. Bitcoin should eliminate some of these middle men, and food should be bought directly from the farmers.

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

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How much food spoils because it takes days before it reach the consumers.

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

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

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

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

Farmers are free to *not* accept subsidies. Government subsidies are just one of the tools a country can use to benefit its economy Smiley
copper member
Activity: 1442
Merit: 529
April 25, 2016, 01:56:35 AM
#12
if you can bring bitcoin to those small business, those little shop that sell you fruit and vegeatable, in real life, little market in the square etc..., you're done, bitcoin can from that point reach mainstream in no time

You are quite right that if we manage to do this then Bitcoin will reach mainstream in no time, yet what you are asking, is quite impossible to be achieved in a short amount of time, and very difficult in long period of time, but I also hope someday after we have collected enough bitcoin, it reaches mainstream and its value skyrocket.
legendary
Activity: 3248
Merit: 1070
April 25, 2016, 01:43:06 AM
#11
if you can bring bitcoin to those small business, those little shop that sell you fruit and vegeatable, in real life, little market in the square etc..., you're done, bitcoin can from that point reach mainstream in no time
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
April 25, 2016, 01:33:35 AM
#10
One of the primary reasons why food prices are increasing is this | There are too many middle men | If you look at the percentage of the food price the farmer contributes, you will find that it will be the smallest in the chain. Bitcoin should eliminate some of these middle men, and food should be bought directly from the farmers.

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

Subsidized farmers in many countries are killing smaller local farmers in other countries due to cheaper imports and they have to sell at a loss to get rid of their produce. Let them rather sell directly to the consumer on these local markets.  
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
April 25, 2016, 01:13:37 AM
#9
I don't believe that farmers world wide using bitcoins, because you can see most of the countries do not use the bitcoins, also citizen people have not too much know about bitcoins, where i m living in my country i don't think that 10000 people know about bitcoin out of twenty crore peoples, so how can possible farmers people using bitcoin alot of. i think only one farmer using bitcoin out of one crore.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
April 25, 2016, 12:56:55 AM
#8
The move is indeed a good one and it could seriously help farmer have a easier throughout experience (considering they know the basics of how to use BTCitcoin) but since they aren't exactly the normal techy people, I found it hard to see this will have a significant impact on their selling experience (at most a small portion of them only). At the moment, it won't influence much but in the next 10 years, it could be everything for them.
legendary
Activity: 2604
Merit: 1036
April 25, 2016, 12:28:24 AM
#7
Wow I didn't know that Overstock has a Farmers Market  Shocked I just found the tiny tab on the top and decided to check out what they are offering but the prices are so high I don't know if it's worth purchasing from Overstock. I guess it's expensive because it's organic produce and all but breakfast bundles with nothing special in them cost as mush as $70 what the heck? Do you know if someone is buying these as I am not from the USA just curious. Can you find better deals if you shop around in your local supermarkets?
hero member
Activity: 490
Merit: 520
April 24, 2016, 11:12:16 PM
#6
It's a good thing that farmers are finally getting in on the action, maybe we'll see a lot of the fundamental producers shifting towards Bitcoin and creating demand that way.

I'd be quite glad to buy from a farmer who uses Bitcoin, but I don't think they're going to start accepting it in my area anytime soon.
legendary
Activity: 1582
Merit: 1000
April 24, 2016, 11:08:14 PM
#5
Farmers world wide are still being taken advantage of because terrorist organization known as central banks are intentionally devaluing their country's currency.
Bitcoin will allow farmers in other parts of the world to sell their produce for market value.
legendary
Activity: 966
Merit: 1042
April 24, 2016, 07:34:49 PM
#4
Huh. That's actually a great idea to inadvertently have farmers accept Bitcoins for payment. Obviously if they had to deal with Bitcoins I can tell you a lot of farmers aren't technically inclined enough and wouldn't put in the effort to learn about them.
sr. member
Activity: 552
Merit: 250
April 24, 2016, 07:33:22 PM
#3
This is indeed the first step to adoption by the mainstream. Who wants a money that can't buy you any to eat? We can now benchmark bitcoin price to 1KG of potatoes!
newbie
Activity: 42
Merit: 0
April 24, 2016, 07:28:52 PM
#2
Know how they say you can get Hep C by shopping on Overstock? That's totally not true.
legendary
Activity: 1582
Merit: 1000
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