Pebble to landslide, Bitcoin is approaching agriculture and its impact will be seismic, echoing the benchmarks of farming history, including cotton gin, steel plow, mechanization, and biotech crops. Or will it?
Only 10 years back, on the turnrow or at the seed house, the mention of Bitcoin elicited mockery. Five years back, laughter. Now? The derision is replaced by inquiry.
Cryptocurrency, as a store of value to a medium of exchange, is on an economic collision course with agriculture, set to change American farms forever, contends a growing chorus of voices within the ag chain.
“Bitcoin is an absolute agriculture necessity going forward,” says producer Zack Smith. “People just don’t realize it yet. Soon, they will.”
First Bird to Fly
Bitcoin was created in 2009. In the eyes of critics, it was a lie agreed upon, or a pyramid built to topple. However, 16 years beyond Bitcoin’s birth, the online currency, thriving beyond the fat fingers of government, is among the fastest adopted technologies in world history.
In extreme northcentral Iowa’s Winnebago County, a stone’s throw below the Minnesota line, Smith works 1,200 acres of row crops and raises a small amount of livestock. He doesn’t flinch at the “first bird to fly takes all the arrows” maxim, whether innovating via wide-row corn, strip intercropping, stock cropping, or Bitcoin.
“It’s just a matter of time for Bitcoin in agriculture, and I don’t mean far off. In 10 or 15 years, Bitcoin could be a normal part of a farm transaction. It’s a question of when critical inertia hits, but Bitcoin will be utilized by folks in agriculture in the near future.”
“The people at the top of agriculture in power, the CEOs, big-time commodity traders, and agribusiness, are looking at Bitcoin as a hedge against dollar debasement,” he continues. “Again, it’s coming fast.”
Out of the chute, Smith sees Bitcoin as a store of value. “Look what’s happened to land. So many outside investors have entered the market, producing inflated land values that make no financial sense with the value of what is being produced.”
“That’s where I see Bitcoin making its first impact. As investors discover there’s something better than land and just as finite, something you don’t pay property taxes on, something you don’t have to maintain, something that is portable, I think land prices will drop closer to utility value, allowing young farmers better opportunities to compete in the market.”
At present, income surpluses are akin to snowflakes in hell, but Smith urges producers to prepare for change. “For those who put their fiat money into Bitcoin, and are patient, I believe they’ll be able to buy two to three times the land in the near future they would have otherwise.”
“The money printer isn’t stopping,” he adds. “Bitcoin is the offramp to the debasement problem.”
Jumping the Treadmill
A lone voice a decade-plus in the past, Vance Crowe has long been a proponent of Bitcoin in agriculture. Host of Ag Tribes and founder of Legacy Interviews, Crowe is adamant: Bitcoin is transformative for farming.
“Just a few years ago, people reacted negatively when I talked about Bitcoin. That’s been replaced with genuine questions and consideration. Bitcoin is going to become deeply embedded in how the business of agriculture functions, and people who’ve been trying to preserve the value of their dollars are going to move those dollars out of land and into Bitcoin. Guys who’ve gotten a 6-7% return on land are looking over at Bitcoin and seeing a 65 percent return every year for the last 15 years. The wake-up is happening in real time.”
In March 2025, President Trump signed an order establishing a Strategic Bitcoin Reserve. Three months later, the Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to develop plans toward the use of cryptocurrency as a mortgage loan asset.
“It’s only a matter of time before ag lending starts realizing it’s a lot better to collateralize loans with Bitcoin, than to do so with cattle or maybe even land,” Crowe projects. “If you collateralize a loan with cattle or land, if that person doesn’t meet their obligations, the lender must assess, load, or sell. Only then does a lender get the money. Bitcoin bundles all of that into a 10-minute fix. Ag lending will become heavily enmeshed in Bitcoin.”
Government maintains the exorbitant privilege of seigniorage, i.e., printing reams of bills with no backing. Need more, print more. Conversely, Bitcoin is limited to a 21-million cap. Finite.
No central issuer; no board of directors; no CEO; and no marketing department. Just a vehicle, according to Crowe, carrying unprecedented opportunity for agriculture. “Farmers have been put in a position where they spend as much of the money they have coming in as possible, both for tax reasons, but also because the value of their dollars always goes down.”
(For a basic primer, see What is Bitcoin? The Explanation That Clicks)
“Bitcoin provides an unprecedented option where a farmer can say, ‘I’ve made this money and I don’t want to risk its value. I’m putting it in Bitcoin.’ That provides a way to jump off the treadmill of constantly buying new tractors, building more sheds, or constantly growing.”
Fundamental change is knocking, Crowe contends: “Five, 10, or 15 years, it’s going to completely change agriculture’s game.”
Proverbial Lightbulb
Raised in hardscrabble 1980s row cropping in southcentral Nebraska’s Adams County, Kevin Kimle watched his father barter. Side of beef for a farm repair; load of pigs for a used semi.
“It’s in our agriculture muscle memory: a means to trade in a different currency,” says Kimle, now an Iowa-based entrepreneur and agriculture economist, and founder of BitCorn. He serves as Rastetter Chair of Agricultural Entrepreneurship and director of agricultural entrepreneurship programs at Iowa State University.
“We’re at the beginning of a transition to a Bitcoin standard not only in the U.S., but globally, and I think agriculture is a natural first mover on the leading edge of that transition.”
Practically, what does that mean to a farmer? A seventh saved, according to Kimle. As in, annually turning a seventh of a crop to Bitcoin, generating at least two crops worth of Bitcoin by the end of seven years.
He still owns farmland in Nebraska and began researching Bitcoin in 2021. “I’m about four years into this. But my own simulation, if I had sold 10% of my grain for Bitcoin instead of dollars, I’d have four years of crop in Bitcoin today.”
In summer 2025, Kimle set up a business bridge between Bitcoin and traditional agriculture—BitCorn—intent on giving farmers tools, basics, and the means to make transactions.
“The proverbial light bulb went off. At BitCorn, we’re providing a place where a farmer can learn Bitcoin. Agriculture is packed with incredibly innovative entrepreneurs, and their ideas are going to take us down the Bitcoin road.”
Bitcoin trades 24 hours a day, seven days a week, and 365 days a year. “I view Bitcoin as one of the most important inventions in human history,” Kimle explains, “in the ballpark with the wheel, plow, printing press, electricity, and anything else.”
Our Children’s Money
Dennis Campbell is at the helm of Crystal Creek Enterprises, in east Iowa’s Clinton County, working with corn, soybeans and some wheat acres. Crystal Creekmanages a portfolio of 10,000+ acres of owned, rented and custom farmed land.
Starting in 1854, Campbell’s forefathers scratched dirt outside Grand Mound, within proximity of the Mississippi River. His farming bloodline reaches back to Antebellum America, but although Campbell shepherds past legacy, his eyes are locked on the horizon. Internationally renowned for emerging technology, Crystal Creek is a consistent mecca for visiting ag delegations from Africa, Australia, Europe, and South America since 2013. In 2025, Campbell opened a BitCorn node on his farm. He jumped in the Bitcoin pool in 2023.
At present, Campbell estimates 85% of U.S. farmers take zero notice of Bitcoin. “They are nose to the grindstone, trying to juggle work, debt, equipment, and family, all while things get worse financially. I don’t know any more than anybody else, but I believe Bitcoin, at a minimum, is becoming a major tool in the toolbox to protect ourselves against an out-of-control government.”
“Just look at crop insurance, alone,” he continues. “You can spend $45 to $55 an acre insuring 250-bushel an acre APH corn. That’s crazy. I sure as hell won’t make 50 bucks an acre this year. Even if Bitcoin only gave some independence back on crop insurance, that by itself is enough for me.”
Does Campbell see growers investing a seventh of a crop in Bitcoin?
“We’ve got to put a portion of our proceeds in. If I could do that and have sufficient comfort to lower my 85% revenue harvest priced option insurance policy to 70% and lower my cost from $50 bucks to $20, that’s quite a savings account. Every year, regardless of how tight our belts are, we need to allocate a percentage of proceeds above and beyond our principal payments for land and green or red paint into something that can’t be debased and diluted by runaway government spending by 535 people in Washington, D.C.”
Debt and the next generation loom large in Campbell’s view of Bitcoin.
“We’re spending our children’s money now and that’s what debt is. That’s what debt creates—a burden on future society and on future fruits of labor. It’s madness and we all talk about land as the best store of financial resources, but land is difficult to accumulate at a fractional pace. It’s not easy to wake up and say, ‘I’m gonna go buy 80 acres today,’ but there’s a way to wake up and say, ‘I can buy $500 worth of something that’ll hold value as good as or better than land.’ Bitcoin.”
Adios to the Rulebook
“The smartest thing somebody in agriculture could do is go down and borrow a bunch of money against traditional collateral and use that money to buy Bitcoin.”
Bold words. However, Matt Gilbert maintains Bitcoin future for agriculture is inevitable and backs his contention with receipts. Raised in the vast fields of Texas cotton country, Gilbert is an esteemed entrepreneur with specialization in mergers and acquisitions. He calls balls and strikes.
“Modern farmers invest heavily in equipment, infrastructure, and resources, yet the real paradigm shift lies in leveraging advanced financial tools. Up and down the agriculture supply chain, whether you’re manufacturing machinery or distributing fertilizer, nearly every participant depends on traditional lines of credit,” Gilbert explains.
“Financing in dollars is trapped in a cycle of diminishing returns—a negative loop. But using Bitcoin as a store of value creates an entirely positive feedback loop. If you’ve held Bitcoin during any four-year window since its inception, historically your purchasing power has multiplied, matching up to nearly 12 times what a dollar-based payment could achieve. This shift isn’t incremental—it’s transformational for agricultural economics.”
Adios to land or physical assets as necessary collateral? Yes, Gilbert says. “Choose any era in history: mass-market automobiles, television, the arrival of the Internet. Bitcoin’s adoption curve is exponentially steeper than any previous innovation. It stands alone as an asset that appreciates with unrivaled velocity, fundamentally altering the financial landscape for growers and agribusinesses.”
Agriculture trade is conducted via the U.S. dollar, which loses at least 3-5% per year in value. Tack on the price of inflation, and farmers see 10%-plus of dollar value slip away, annually. “Those numbers are incredibly disheartening,” Gilbert details. “For example, if someone got paid for a crop in 2023, sat on a little of the money, and decided to spend it in 2026, they’re going to have somewhere between 25-40% less purchasing power with the dollars they saved. That’s a giant problem. Bitcoin solves that problem.”
“The implication for farmers and ag professionals is clear: Understand the currency paradigm shift, because the money you’re using, the dollar, is undermining your business more than you realize,” he says.
“My advice to those in agriculture is to leverage the advantages of both systems; pay expenses in dollars, but demand income in Bitcoin—the most secure and robust cryptocurrency. Weak currencies burden, but robust currencies liberate. It’s time for agriculture to pivot toward strength.”
What about buying farmland? Tokenization, Gilbert posits. “It’s already happening. Commercial real estate has been tokenized in the last couple of years. Agriculture assets are going to follow. Tokenization is the future, not theory. It’s reality. Commercial properties have already been fractionalized on the blockchain (the network Bitcoin runs on), and agriculture is next in line.”
Think apartment complex or condo in New York City. The building can be bought by tokenizing the real estate, meaning multiple people buy a portion. One buyer in Kansas; another in Indiana; more elsewhere, all purchasing 500 square feet apiece via the blockchain.
“Imagine democratizing rural assets. A family in Iowa, an investor in Mississippi, and stakeholders from across the nation jointly tokenizing a farm. The blockchain ledger transparently records every transaction, making ownership, lending, and risk radically clearer and more efficient than ever before. This will overhaul deed registries, middlemen, banking, and title services, drastically cutting costs and speeding processes.”
Markets also benefit, Gilbert believes. A futures contract is typically bundled in lots of 100, whether hedging crops, fuel, or fertilizer. Bitcoin splits the bundle into fractions of 1 million. “Instead of the current way things are primarily done, which is 100 units equals a contract, Bitcoin breaks that into a million pieces instead of 100 pieces, which means a far more level playing field for the person in agriculture versus the person in finance.”
The next 15 years will be telltale, Gilbert predicts. “Having studied the Bitcoin space since 2013, I’ve witnessed digital currency realize in a decade what it took the dollar more than a century to accomplish, without systemic debasement. Within the next fifteen years, financial rules governing agriculture will be rewritten, marking a generational inflection point. Before my lifetime ends, the old playbook will be obsolete, and those prepared today will lead the charge into tomorrow’s agriculture economy.”
What is Money?
Bitcoin naysayers abound. Ponzi party. Bernie Madoff special. Dot.com crash all over again. Sam Bankman-Fried unleashed. Cinderella at midnight.
Pitfalls? Certainly. Black swans. Always.
The Trump administration has generated strong support for Bitcoin, but the perspective of subsequent administrations is unknown. What about the Bitcoin blockchain—how secure will it be in years to come?
However, bolstered by steady gains and landmark promise, the past 16 years of Bitcoin have shown otherwise, contend Crowe, Kimle, Campbell, Gilbert, and Smith.
A handful of years in the past, Smith was a Bitcoin scoffer. Scam. Scheme. Trainwreck.
No more. He now sees Bitcoin as bell cow.
“Whether Bitcoin is a store of value or medium of exchange in farming, it’ll be one or both,” Smith concludes. “Over the last 10 years, I’ve asked myself the hard question, ‘What is money?’ The best answer is to make the effort to find out for yourself. Go to Amazon and buy a copy of The Bitcoin Standard. Might be the most valuable $20 you’ll ever spend. Why? Because Bitcoin is the currency of the future, and that includes agriculture.”
For more from Chris Bennett (@ChrisBennettMS or cbennett@farmjournal.com or 662-592-1106), see:
Corn and Cocaine: Roger Reaves and the Most Incredible Farm Story Never Told
How the Deep State Tried, and Failed, to Crush an American Farmer
Game of Horns: Iowa Poacher’s Antler Addiction Leads to Historic Bust
Ghost Cattle: $650M Ponzi Rocks Livestock Industry, Money Still Missing
