In this episode of the Feed & Grain Podcast [https://www.feedandgrain.com/expert-insights/podcasts], host Steven Kilger welcomes Tony Morosini, chief digital payments officer at Bushel [https://bushelpowered.com/], and Jake Joraanstad, co-founder and CEO of Bushel, to discuss the transformative potential of digital payments in the agriculture sector. With Tony's extensive background in digital payments and product development, the conversation delves into the challenges faced by agribusinesses in managing financial transactions, including the prevalence of paper checks and the need for more efficient payment solutions.

Jake and Tony share insights from their recently released report on digital payments in agriculture, highlighting the industry's slow adoption of technology and the innovative strategies Bushel is implementing to streamline payment processes. As they explore the future of payments in agriculture, the episode emphasizes the importance of leveraging technology to enhance cash flow, reduce friction in transactions, and ultimately benefit both farmers and agribusinesses alike. Join us as we uncover how digital payment solutions are set to revolutionize the way money moves in the agricultural landscape.

Digital payments in agriculture is a game-changer for agribusinesses

Introduction and Sponsorship

Guests Introduction

Can you talk a little bit about what you guys are thinking are the solutions to the fact that 70% of grain settlements are still being paid by paper check, whether it's ECH payments or digital wallets?

Why Digital Payments?

Transition from Paper Checks

How can digital payments help ease security concerns compared to traditional mail payments?

Banking Challenges in Agriculture

Security and Cost of Paper Checks

Rise in Digital Payment Adoption

Addressing Lien Positions

Future Plans for Bushel

Steven Kilger, managing editor for Feed & Grain, talks about the feed manufacturing and grain handling industries with those who know the industries best, those who work in it. Facility Managers and topic experts stop by to have a conversation about the issues affecting operations across the United States. The podcast explores short and long-term solutions, advice for the industry members, and where the industries are heading in the future.