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Better Farming Ontario Featured Articles

Better Farming Ontario magazine is published 11 times per year. After each edition is published, we share featured articles online.


Farmers bet on Bitcoin

Monday, February 3, 2014

At press time, the value of volatile digital currency Bitcoin was skyrocketing. CNBC reports that the five-year-old open-source currency went up 8,000 per cent over the course of 2013, and on Nov. 29th, Coindesk.com reported that one Bitcoin was (briefly) worth more than an ounce of gold.

Most companies are reluctant to accept this new currency, but some small businesses are getting on board. And according to a recent story on NPR blog The Salt, this includes some small farmers.

Bitcoin means no credit card transaction fees and more physical security at the farmer's market. Clinton Felsted of Utah farm La Nay Ferme tells The Salt, "Taking money with you is a real risk . . . a real security problem. With Bitcoin you can take it anywhere with no risk." Transactions pass from smartphone to smartphone. And if Bitcoin's value continues to rise, Bitfarms.com argues it may provide unsubsidized small farms with an industry advantage.

Campbellford's Carlen Farm is hoping to cash in on Bitcoin's promise. The small honey and maple syrup farm has been accepting Bitcoin since opening in the spring of 2013, but has yet to make their first Bitcoin sale. The problem, owner Mark Carlen says via text (a true modern farmer!), is a "lack of people knowing what (Bitcoin) is." However, he still sees the value in Bitcoin as a means "to increase exposure and possibly be a part of an alternative medium of exchange due to (the) underlying fragility of our current system." BF

Current Issue

May 2025

Better Farming Magazine

Farms.com Breaking News

New board members for Ontario Pork

Friday, April 25, 2025

Ontario Pork, an association representing the 1,898 pork farms that market 5.9 million hogs in the province, has announced its new board lineup for 2025. As a Guelph, Ontario-headquartered organization, Ontario Pork is engaged in the areas of research, government representation,... Read this article online

Sheep farmers win Ontario’s Outstanding Young Farmers

Thursday, April 24, 2025

Sheep farmers and wool producers from Wallenstein, Ont. are Ontario’s Outstanding Young Farmers for 2025. “It’s great to be recognized by your peers in the industry with an award like that,” Ryan Schill told Farms.com. “When we started the sheep farm, there were people questioning us... Read this article online

Ontario ag connections in the NHL playoffs

Tuesday, April 22, 2025

The 2025 NHL playoffs are underway, and some of hockey’s biggest names got their start on an Ontario farm or have invested in agriculture since becoming professional athletes. Farms.com went through each of the 16 playoff team rosters to uncover which players have a connection to... Read this article online

New Alcohol Trade Freedom in Ontario

Thursday, April 17, 2025

The Canadian Federation of Independent Business (CFIB) has welcomed Ontario’s bold step in eliminating trade barriers and allowing direct alcohol sales to consumers. This new legislation aims to ease internal trade across provinces and support small businesses. One of the key changes... Read this article online

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