Whether paying the fertilizer bill or getting paid for your grain, over 80 percent of those transactions are still being done with a paper check. “The U.S. Post Office told everybody to stop sending checks in the mail,” said Jake Joraanstad, CEO/co-founder, Bushel. “There’s a couple reasons, #1, there is a lot of fraud and #2, you’re talking about two-to-three day delays in rural counties.” The digital business tools from Bushel feature next-day payment on ACH, “It could be a $100,000 or $1 million that will be in your bank account through our platform the next day. That’s a huge improvement and we’re paying you interest on that account.” Fargo-based Bushel will make this tool to farmers by the end of April free-of-charge. Joraanstad said Bushel Farm is an all-in-one platform. “Think about it. rainfall across all of your fields, your crop marketing and your banking all in one tool.”
