Bushel hosted its annual Buddy Seat Conference during Ag Tech Week in Fargo, highlighting the latest digital innovations for agriculture. Bushel Director of Engineering Nathan Joraanstad outlined the company’s new product offering. “The big one this year is what’s called our Bushel Business Account,” explained Joraanstad. “A farmer can set up an account through our partner bank, the Bancorp Bank, and with that account, they get a 3.43 percent interest rate on all funds held in the account, no minimums.” At a bank, accounts are typically FDIC- insured to $250,000. With the Bushel Business Account, the FDIC limit is $5 million. For agribusinesses, Bushel also introduced innovations for their accounts payable and accounts receivable business. Bushel focuses on financial technology, using digital tools to make financial management easier and more efficient.
