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RE: Farmers Market Coin - Smart Contracts for the Farmers Market

in #cryptocurrency7 years ago

Ok, say I am a small time farmer and I have 5 different contracts for said vegetables and eggs. Assuming that I am paid up front by the "company" a total of 10,000 FMC's. As harvest season approaches and demand increases, the FMC "may" increase as people exchange more USD for FMC (if slightly limited amount of FMC), meaning if I am growing the right thing, and people want it, I stand to make more than initially hoped. Very similar to the current plan...buy the seeds, the chemicals, the taxes, and hope the soybean market is good at harvest time to get repaid. Only difference is quality and demand may push the FMC value a little..basically your product and desirability control the value, not some co-op or the Government's import/export policy. I like the sound of this @richardcrill

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