Technology and production agriculture go hand in hand. Farmers have been driving autonomous tractors and using precision agriculture for many years. “What we’re lacking is the supply chain in the middle,” said Jake Joraanstad, CEO, Bushel. “Paper tickets and the paper checks; that’s the real issue and the farmer.” Ninety percent of all payments to farmers are still on paper check, while in places like Australia, nearly every transaction is done electronically. Bushel Payments launched during the company’s inaugural customer conference. “Bushels Payments allows for a farmer to simply enroll in electronic payments with their facility, get a settlement check up to a $1 million electronically paid and the money moves through our banking system here in the U.S.” The farmer has access to a Visa card on the network and can pay various ag partners online. “It basically changes the way we think about moving money in the ag industry.”
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