If Demeter has anything to say about it, the coming years’ harvests will be fruitful for both small farmers and the consumers who value the way they operate. But in this instance, it’s not Demeter, the Greek goddess of harvest behind the cultivation, but a small team of Forbes 30 Under 30 list members who gathered this weekend using the same name to take the first steps towards creating a new kind of investment vehicle powered by blockchain.
While retail and institutional investors alike already invest billions of dollars annually in agribusiness funds, largely consisting of the companies farms rely on, the cost of complying with fund requirements excludes most farms. While some of these funds allow investors to back smaller market cap companies, many independent micro-farms must resort to using state lenders and expensive farm banks or agriculture lenders.
By issuing digital assets backed by actual harvests, using an