Firstly, agricultural sectors extremely needs a lot of effort and support system both from individual and governmental institutions. Now, for subsistence farming, a simple activities done by a farmer is solely for himself and family where there is a lot of individual work force as input by the family on a daily basis. Agricultural production needs a lot of support from the government if the purpose of farming is truly commercial on a large scale because shortage of facilities, tools, chemical fertilizers, can cause severe breakdown on productivity.
Secondly, there is no native blockchain based token that is used for governing the agricultural sector, used for Decentralized Autonomous Organization(DAO) where farmers can use the token to decide, predict and vote on what is actually their own opinion.
I always wonder how cryptocurrencies can be applied in community funding for Agricultural Financing and to curb insecurity in agriculture. Initiatives such as collective funding, rotating savings and credit associations as well as agricultural cooperatives?
The development of agriculture based token will solve this problem, where every farmer as well as producers, consumers and government will have to purchase the token to decide, vote, initiate ideas into the agricultural sector if need be, thereby forming Decentralized Autonomous Organization, DAO. These token can then used by the team for funding, savings, granting loan for developers for upgrading the token and the system.