FAIR PRICING

Blockchain technology can provide lower cost and faster payment options to agri-commerce participants.

Farming is often a feast or famine lifestyle, and the wealth of information that could be provided to farmers via a blockchain platform would help decrease the chances of famine, while helping them maximize the boom times.

Blockchain reduces the number of intermediaries, so farmers can enter into contracts directly with retailers on more favorable terms. Blockchain makes the market more transparent, which can be used to exert social pressure on parties that make excessive profits. The practice of eco-organizations has proven that this strategy is effective.

Farmers can use blockchain-based platforms to create a kind of international trade union to protect their rights.

Blockchain can provide transparency of agricultural finance transactions, credit history, and financial agreements for small farmers who want to invest in agriculture.

Smart contracts will eliminate unnecessary delays and ensure farmers get paid for their product on time. Using the blockchain-based marketplace, farmers can offer their produce to the fair purchasers and can even reach more purchasers than they could previously.