In recent years, Australian farmers have been hit by a wave of financial woes.
In response, they have been using a new form of cash, called burnside farming.
Burnside farming involves planting a crop, harvesting it, then selling the harvested product, often through an online platform.
In a similar way, the land is sold to investors who then sell it on to other farmers who will harvest the crop, sell the produce, and sell it to customers.
The concept of burnside is not new, with farmers around the world adopting the practice.
But the rise of the internet and digital currencies has made it more accessible to the general public.
According to Burnside Australia, a company that runs Burnside farms, in Australia “a farmer can now sell a local product and earn a profit on the sale, and get an immediate return on their investment.”
The company says its clients are often farmers who want to save money by selling their local produce at a lower price.
The burnside model is also more efficient, with Burnside managing to cut costs by selling at a markup, and in some cases by as much as 80 per cent.
Australia’s farmers say they are seeing a significant increase in demand for their products and have found that their local products are more affordable than they would have otherwise.
Burnside Australia says it has been operating Burnside Farms in Queensland, Tasmania, Victoria and New South Wales for five years, and has now raised $1.2 million in venture capital to develop the business.
“It’s about the economy, it’s about local businesses and it’s also about farmers,” Burnside CEO John Rugg said.
One of the reasons Burnside has grown so quickly is because it has had a “really good relationship” with local farmers.
“We know that when you talk to local farmers, they like to have their products available,” Rugg told AM.
In 2016, Burnside announced a pilot program in Queensland to run a Burnside Farm, which was successful and resulted in the expansion of Burnside’s operations in 2017.
In 2019, the company announced a partnership with local growers to sell locally grown products on its Burnside platform.
There are also Burnside farmers who are not directly involved in the business, but who still want to make a profit.
“We are a very small company so we don’t have the resources to make any kind of huge investment, but we want to do something in this area that we believe in,” Burnseas managing director of Burn side agriculture, David Lacey said.
“There’s a lot of local producers in this country who need to be involved in this and want to have a bit of an impact.”
Burn side farming is not the only way for farmers to get money from the land.
Farmers can also use the cash to buy goods and services such as land and buildings.
If you’re wondering how Burnside Farmers can help you out, BurnSide Australia is also offering a 30-day trial of BurnSide Farmers to people who are interested in working on a Burn side farm.
For more information on Burnside, read the company’s blog.