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THE ALBERTA BUCK - FOR FARMERS
Dominion R&D Corp.
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2026-03-29
The Alberta Buck for Alberta Farmers
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CUSTOM_ID: farmers-title
*Access Your Own Equity. Retire Interest-Bearing Debt.*
The average Alberta farm has *$5.96M in assets* and *$5.09M in equity*
– yet pays *$61,000/year in interest* to borrow liquidity from those
same assets.
*Same grain. Same insurance.*
/*No FCC loan. No interest.*/
[Full Alberta Buck Proposal] | [Research]
The farm your family built is nearly paid for.
Eighty-five cents of every dollar on that balance sheet is yours. The
land, the buildings, the equipment, the cattle, the grain in the bin –
generations of work, nearly complete.
And yet every spring, you go to the bank. You borrow against the very
wealth you've already built and pay interest on that borrowing for the
whole season. The bank's fee for managing a ledger entry against your
collateral.
The Alberta Buck asks a simple question: what if you didn't have to?
Your grain already has insurance. Your cattle already have insurance.
Your equipment already has insurance. That same insured value can
back your operating capital directly – without a bank, without
interest, without a loan renewal meeting every year.
This deck walks through the numbers, with sliders you can adjust to
your own operation. The goal isn't just to save interest this season.
It's to retire the debt permanently – and hand the next generation a
farm that finances itself.
[Full Alberta Buck Proposal]
[Research]
Alberta Farm Debt
═════════════════
CUSTOM_ID: farmers-problem
*Alberta carries $36.3B in agricultural debt on 41,505 farms,
averaging $874K each.*
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Category Debt Interest/yr Per Farm
─────────────────────────────────────────────────────────
Operating credit $6.7B $469M $11,300
Equipment loans (est.) ~$9.8B ~$686M ~$16,100
Real estate (est.) ~$19.8B ~$1.39B ~$33,500
*Total* *$36.3B* *$2.54B* *$61K*
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/*That's $61,000 per farm per year in interest – on liquidity created
against assets you already own.*/
Alberta had over forty thousand farm operations in the twenty
twenty-one [Census of Agriculture]. Statistics Canada's [balance
sheet of the agricultural sector] shows Alberta farm liabilities hit
thirty-six billion at year-end twenty twenty-four.
At seven percent, that's two point five billion per year leaving
Alberta farms. The average operation carries over eight hundred
thousand in debt and pays roughly sixty-one thousand per year in
interest.
That sixty-one thousand is the number to sit with. It's what the bank
collects, every year, from a farm that is eighty-five percent paid
off. It's the margin that separates a farm worth inheriting from one
too burdened to pass on.
Most of that debt is a revolving operating line for inputs: seed in
April, fertilizer in May, fuel all season, repairs when equipment
breaks. Every year you borrow it. Every year you pay interest.
Every year the bank collects its fee from wealth you already built.
The sixty-one thousand that leaves your farm this year could have been
the equity stake that kept your son or daughter farming.
[Census of Agriculture]
[balance sheet of the agricultural sector]
Asset-Rich. Cash-Constrained.
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CUSTOM_ID: farmers-equity
*Paying Interest on Wealth You Already Own.*
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Average Alberta Farm (2024)
─────────────────────────────────────────────────
*Total Assets* $5,963k
Debt ($874k)
*Equity* /*$5,089k*/ /85%/
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*85% equity.* The farm is nearly paid for – and yet every spring you
borrow operating capital /from your own insured assets/ and *pay a
bank $61,000/year* for that service. /*Why?*/
Here is what the average Alberta farm actually looks like on paper.
Eighty-five percent equity. The farm is nearly paid for. Land and
buildings alone are worth four point six million. Equipment, grain
inventory, and livestock add another million. This is the product of
decades of work – yours, and the generation before you.
And yet, every spring, the bank creates operating capital from that
same balance sheet and charges seven percent for the creation service.
You provide the collateral. You carry the insurance. You bear the
risk of a bad crop or a price collapse. And you pay the bank
thirty-seven thousand a year for the privilege of accessing your own
wealth.
In twenty twenty-four, Alberta farm liabilities grew over seventeen
percent in a single year – the fastest rate since Statistics Canada
began tracking in the eighties. The interest burden is accelerating
exactly when margins are tightest and succession is hardest.
The farm that was worth inheriting ten years ago is carrying a hundred
and fifty thousand more in debt today. The next generation looking at
those numbers sees a burden, not an opportunity. That's what this is
really about.
Where the Assets Are
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CUSTOM_ID: farmers-equity-assets
*Average Alberta Farm Balance Sheet (2024)*
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Category Value Share
──────────────────────────────────────
Land & buildings $4,651k 78%
Equipment $470k 8%
Grain inventory $394k 7%
Livestock $188k 3%
Other $260k 4%
*Total Assets* *$5,963k*
Debt (14.7%) ($874k)
*Equity (85.3%)* /*$5,089k*/
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Grain, livestock, and equipment ($1,052k) can back ~$633k in BUCKs –
retire *72% of average farm debt.*
The balance sheet in detail. Land and buildings dominate at
seventy-eight percent – that land is the farm's real wealth, built
over generations, appreciating steadily, and largely unpledged to the
operating line.
The movable, insurable assets – grain, livestock, and equipment –
total just over a million dollars. These are the starting point for
Phase 1: back BUCKs against those assets today, with no new
infrastructure beyond the pilot program.
Grain, livestock, and equipment at default parameters backs roughly
six hundred thousand in BUCKs. Seventy-two percent of the average
farm's total debt, retired in a single step – without a bank, without
a loan application, without interest.
The Land Unlocks More
─────────────────────
CUSTOM_ID: farmers-equity-land
*Phase 1: Movable insurable assets → BUCKs today.*
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Asset class Value BUCKs available
──────────────────────────────────────────────────────
Grain + livestock + equip. $1,052k ~$633k
Debt retired ~$633k (72%)
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*Phase 2: Land equity → BUCKs, once land-backed BUCK infrastructure is
established.*
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Land & buildings equity $4,651k Unlocks ~$2,790k additional
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The $4.65M in land equity can retire the remaining debt *and* provide
permanent operating liquidity – interest-free – for the life of the
farm.
Phase one covers most of the operating debt right now, with assets
that are already insured and already turning over each season.
Phase two is the generational play.
When land-backed BUCK infrastructure is established, a farm with four
point six million in land equity can issue nearly two point eight
million in BUCKs. That retires all remaining debt, funds a permanent
interest-free operating facility, and leaves the land fully owned –
not leveraged.
A farm that generates its own operating capital from its own land
equity, interest-free, is worth far more to the next generation than
one carrying over eight hundred thousand in debt at seven percent.
It's the difference between inheriting an asset and inheriting a
burden.
The question is not whether this farm can afford interest. The
question is why it has to pay interest at all – on liquidity extracted
from wealth it already owns.
Your Grain Bin Is Your Bank
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CUSTOM_ID: farmers-insight
*A bank creates operating capital from your insured grain – then
charges you interest. Issue it yourself.*
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$534,094 *Bank Operating Loan* *Alberta Buck*
──────────────────────────────────────────────────────────────────
*Collateral* Your grain / livestock Your grain / livestock
*Insurance* Your policy Your policy
*Risk borne by* You You
*Annual cost* interest+ins. = Insurance only =
*Annual savings* –
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*BUCKs replace borrowing, not money. You still earn and spend
Canadian dollars.*
Now, imagine if you could use your million dollars worth of stock and
equipment equity, and issue a half million worth of BUCKs to pay off
existing debt and operating lines.
Same collateral. Same insurance. Same risk borne by you. The only
difference is who runs the ledger – and who keeps the interest.
Right now that money goes to the bank. Every year. Not because you
borrowed someone else's savings – because the bank created a ledger
entry against your collateral and charged you for the creation
service. That's what an operating line of credit is.
With BUCKs, you run the ledger yourself. You issue operating capital
directly from your insured assets. At harvest, you sell your crop,
redeem the BUCKs, and the cycle closes – no bank, no interest, no
renewal meeting.
And here's what changes permanently: once BUCKs replace your operating
line, the bank's leverage over your operation ends. No annual credit
review. No rate hike in a bad year. No banker deciding whether your
operation is still creditworthy when you need inputs most.
Over ten years, that thirty-seven thousand per year – kept on the farm
instead of sent to the bank – is enough to fund a child's equity stake
in the operation. Enough to buy a quarter section. Enough to make
the farm worth staying for.
The table uses the StatsCan per-farm averages. Adjust the sliders in
the following steps to match your own numbers.
Five Steps to Interest-Free Operating Capital
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CUSTOM_ID: farmers-overview
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Step New Slider What You Get
───────────────────────────────────────────────────────────────────────────────────────────
*1* Identify insurable assets Grain, livestock, equip. Total insurable value
*2* Pledge assets & insurance Pledge %, Ins. rate Annual insurance cost
*3* Issue BUCKs to Credit limit `BUCK_K', Utilization Operating capital in BUCKs
*4* Exchange BUCKs → CAD/USD CADC/USDC rate Spendable stablecoins
*5* Retire debt & fund operations Operating loan rate Interest saved – permanently
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*Each step introduces one slider. Enter your real numbers as we go.*
Five steps. Each one builds on the last, and each one adds a slider
so you can enter your own numbers.
Step five is where the story changes permanently. You're not just
saving interest this season – you're replacing the debt relationship
with direct access to your own wealth. Once BUCKs cover your
operating needs, the line of credit becomes optional. Pay it off.
Close it. Keep the interest.
A farm with no operating debt and no bank dependency is a different
asset than one with a renewal meeting every spring. It's a farm the
next generation can afford to take on.
By the end of step five you'll have a precise annual savings figure
for your operation. Let's start with your assets.
Step 1: Identify Your Insurable Assets
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CUSTOM_ID: farmers-step1
*BUCKs can only be backed by assets that carry insurance. Enter the
insured value of each category.*
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Grain & Crops
Livestock
Equipment & Machinery
*Total Insurable Assets*
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The defaults are the per-farm averages for Alberta from Statistics
Canada's agricultural balance sheet: three hundred ninety-five
thousand in grain and crop inventory, one hundred ninety thousand in
breeding livestock, and four hundred seventy thousand in machinery –
just over a million dollars in insurable assets for the average farm.
Use the insured value – the amount your policy is written against – or
the market value, if lower. If an asset isn't on an active policy, it
can't back BUCKs.
Adjust each slider to your own operation. Pure grain? Slide
livestock to zero. Cattle only? Slide grain to zero. The total
flows directly into the next step.
Notice what these assets have in common: you already own them. You
already insure them. The insurance premiums you've been treating as
overhead for years are about to become the foundation of your
operating capital system.
What Qualifies as Insurable?
────────────────────────────
CUSTOM_ID: farmers-step1-eligible
• *Harvested grain & crops* (canola, wheat, barley, oats) –
[Agri-Insurance] eligible
• *Livestock* (cattle, hogs, poultry) – [Livestock Price Insurance] or
commercial policy
• *Equipment & machinery* (tractors, combines, seeding equipment) –
comprehensive commercial coverage
Use the *insured value* from your policy – not market value or
purchase price. An asset without an active insurance policy cannot
back BUCKs.
The insurance requirement is not a bureaucratic hurdle – it is the
mechanism that makes BUCKs safe. Every BUCK in circulation is backed
by an asset that, if destroyed or stolen, pays out to the pool. The
insurer becomes the backstop that replaces the bank's risk function.
And here's the key: you're already paying for that insurance. It's
already on your balance sheet. The cost you've been treating as pure
overhead is the foundation of your new operating capital system. No
new expense. Just a new way of using what you already have.
If you don't currently carry insurance on a category, check
eligibility. Agri-Insurance covers most Alberta grain crops.
Livestock Price Insurance covers cattle and other species. Equipment
coverage is available through most commercial farm insurers.
You'll need the insured replacement values from your policy statements
for the next step.
[Agri-Insurance]
[Livestock Price Insurance]
Step 2: Pledge Assets & Calculate Insurance
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CUSTOM_ID: farmers-step2
*You don't need to pledge everything – a portion keeps you flexible if
prices move.*
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Total Assets
Pledged ()
Insurance Rate /yr/
*Annual Insurance Cost*
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/Check your Agri-Insurance premium statement for the actual rate./
Seventy-five percent is a reasonable starting point – it leaves a
buffer if commodity prices fall before you sell. A grain operation
with forward contracts might go higher. A cattle operation with more
price volatility might stay lower.
The insurance rate is what you already pay on that insured value,
expressed as a percentage per year. Check your Agri-Insurance premium
statement. Rates vary by commodity and program, but most grain
policies fall between point three and one point five percent;
livestock rates vary more.
Here's what matters: if you're already paying this insurance, issuing
BUCKs costs you nothing new. The insurance premium is the entire
operating cost of the BUCK system. The interest payment – which
you've been paying on top of the insurance – disappears entirely.
That's not a discount. That's a structural change in what it costs to
operate a farm. And a structural change in what the farm is worth to
the person who inherits it.
Step 3: Issue Your BUCKs
════════════════════════
CUSTOM_ID: farmers-step3
*`BUCK_K' is set by the system to stabilize BUCK value. You choose
how much of your credit limit to utilize.*
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Assets Pledged
Credit Multiplier `BUCK_K' /(system-set)/
BUCK Credit Limit
Credit Utilized /(your choice)/
*BUCKs Issued*
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/Buffer: drop in `BUCK_K' is absorbed before BUCK limit is exhausted.
Below the floor, no new BUCKs can be issued; the Jubilee mechanism
retires any over-credit./
The BUCK Credit Multiplier is not a farmer's choice – it is set
automatically by a PID control loop watching the commodity basket that
backs BUCKs. When commodity prices rise or fall relative to BUCKs in
circulation, the Credit Multiplier is adjusted so more can be issued,
or lowered to tighten supply and defend the peg. This is what keeps
BUCKs stable – not a government decision, but the math of the
underlying assets.
Three numbers flow from your pledged assets. First, the BUCK credit
limit: your pledged assets multiplied by the Credit Multiplier.
Second, how much of that limit you actually use – the Credit Utilized
percentage. Finally, the total amount of BUCKs you issue.
You can choose to be more or less aggressive; but, even in the
situation that farm asset prices fall or the commodity markets cause
the BUCK to tighten the Credit Multiplier, and your BUCK limit falls,
your farm is safe. No new BUCK issuance is possible – but the Jubilee
mechanism gradually retires over-credit. No margin calls. No forced
redemptions. Your farm is never at risk of sudden liquidation because
the system tightened.
That last point matters for succession planning. A bank can call a
loan in a crisis year. The BUCK system cannot. The Jubilee mechanism
winds down any over-credit gently over time. The farm survives the
rough year, and the next generation inherits something intact.
The Alberta BUCKs you issue are your operating capital. In the next
step, we'll convert them to a form you can spend with your input
suppliers.
Step 4: Exchange BUCKs → CADC / USDC
════════════════════════════════════
CUSTOM_ID: farmers-step4
*BUCKs are ERC-20 tokens. Exchange 1:1 for CADC (Canadian Dollar
Coin) on a DEX, or USDC at the current rate.*
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BUCKs Issued
1 BUCK → 1 CADC CADC
CADC/USDC Rate () USDC
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/CADC and USDC convert to bank CAD/USD via Coinbase, Kraken, etc./
Once you've issued your BUCKs, you exchange them on a decentralized
exchange – think of it like a currency kiosk running around the clock,
with no branch to visit and no officer to approve the transaction.
Alberta BUCKs can be quickly exchanged online for
Canadian-dollar-pegged stablecoins already in production. You can
hold it, use it with suppliers who accept it, or convert it back to
bank Canadian dollars through any major exchange in minutes.
If your suppliers operate in US dollars – equipment parts from the
States, for example – swap BUCKs for US-dollar-pegged stablecoins at
the current exchange rate. The slider adjusts for the day's rate.
Building the cryptocurrency liquidity and smart contract
infrastructure for this exchange is part of the R&D program. The
technology exists today, and is used for billions in exchange. The
agricultural integration is what needs to be built, tested, and handed
off – ideally to farmer-controlled cooperatives, not to another
financial institution.
Step 5: Pay for Seed, Fuel, and Repairs
═══════════════════════════════════════
CUSTOM_ID: farmers-step5
*Your operating capital is now available – no loan approval, no
interest, no repayment schedule.*
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What You Pay With CADC / USDC How
───────────────────────────────────────────────────────────────────
Seed and fertilizer Participating supplier network
Fuel and lubricants Direct payment or exchange to CAD
Equipment repairs and parts Direct payment or exchange to CAD
Labour and contractor services Direct payment or exchange to CAD
Agronomist and consulting fees Direct payment or exchange to CAD
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*At harvest: sell your crop → redeem BUCKs → release pledged assets →
cycle resets.*
This is where the rubber meets the road. Your operating capital is
available when you need it – before the bank opens, before an
underwriter reviews your file, before the crop is in the ground.
No annual renewal meeting. No credit review. No banker deciding, in
the middle of a drought year, whether your operation is still
creditworthy when you need inputs most.
In the pilot program, participating input suppliers would accept CAD
Coins directly. For suppliers not yet on the network, you convert to
bank dollars through a standard exchange – about five minutes on a
phone.
At harvest, you sell your grain, redeem your outstanding BUCKs, and
your pledged assets are released. The cycle resets for next season.
No compounding interest. No debt carried forward. No growing burden
for the person who eventually takes over after you.
The only ongoing cost is the insurance premium – which you're already
paying. That is the entire cost of the system. Everything else stays
on the farm.
Retire the Debt. Keep the Interest.
════════════════════════════════════
CUSTOM_ID: farmers-savings
*Adjust sliders to match your operation – the green column is interest
you stop paying, permanently*
The defaults are the StatsCan per-farm averages. Enter your own
numbers – the green column updates in real time.
Now think about what the green number means over time.
Year one: you stop writing the interest cheque. That money stays on
the farm. It funds the repair that previously went on the line of
credit. It covers seed without borrowing.
Year five: two hundred thousand or more in retained earnings that
would otherwise have gone to the bank. A piece of equipment,
purchased outright. A debt retired.
Year ten: potentially a quarter section. Or the equity stake that
lets your son or daughter actually buy into the farm – instead of
looking at the debt load and deciding to leave.
A farm that generates its own operating capital, interest-free, is
worth more. It's more resilient in a bad year. It's more attractive
to the next generation. And it's harder for a price collapse or a
rate hike to break.
The interest you're paying today is the future of your farm going
somewhere else. Every year. The insurance cost shown on the BUCK
side is already paid regardless – it's not a new expense. Your real
first-year gain is the full interest payment you stop making.
Proven at Scale
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CUSTOM_ID: farmers-proven
*This is not a new idea. It is a new implementation of a very old
one.*
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System Scale When Result
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Land Banks Virginia, Carolina, New England 1700s–1760s Farmers issued currency against stored grain; no interest
Swiss WIR Bank 60,000+ Swiss SMEs 1934–present ~1.5B CHF/yr, zero interest, asset-backed
MakerDAO DAI $5B+ locked 2017–present Decentralized, collateral-backed stablecoin
USD Stablecoins $150B+ 2018–present Asset-backed, globally accepted
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*The Alberta Buck applies the same model with modern smart-contract
infrastructure.*
Land banks in colonial North America let farmers issue operating
capital against their own stored grain and land – no interest, no
bank. They worked well enough that British financial interests
lobbied the Crown to suppress them. Farmers lost that fight in the
1760s.
Alberta has a chance to win it now.
The Swiss WIR has operated continuously since the Great Depression,
giving small and medium businesses a parallel credit system entirely
independent of commercial banking. It survived recessions that
destroyed conventional banks. It is still running today – for the
grandchildren of the people who started it.
DAI and USDC prove the blockchain infrastructure works at scale.
Billions of dollars in asset-backed stablecoins are issued and
redeemed every day without a central bank, without a loan officer, and
without interest.
The Alberta Buck is not experimental. Every component is in
production somewhere in the world today. What's missing is the
provincial legal framework – and the willingness of one generation of
Alberta farmers to build the system the next generation will inherit.
The Path Forward
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CUSTOM_ID: farmers-path
*A twelve-month R&D program to prove legality and deliver a working
prototype*
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Phase Timeline Deliverable
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Legal Certainty Months 1–4 Constitutional opinion; regulatory pathway
Smart Contract Prototype Months 3–8 BUCK issuance/redemption on testnet
Agricultural Pilot Design Months 6–10 Agri-Insurance integration; pilot farm criteria
Pilot Launch Months 10–12 10–20 farm operations; live operating season
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*Investment: $3M. Potential annual savings for Alberta agriculture:
$2.6B. ROI: 867x.*
The path forward is twelve months. Legal certainty first – a formal
constitutional opinion confirming that issuing BUCKs is within
provincial jurisdiction. The analysis suggests it is, but the opinion
needs to be signed and defensible before a pilot can launch.
Simultaneously, the smart contract infrastructure gets built, audited,
and tested on a public testnet. Agricultural pilot design runs in
parallel: integrating with Agri-Insurance, defining pilot farm
criteria, building DEX liquidity for the BUCK to CAD Coin exchange.
The pilot launches in months ten through twelve – ten to twenty
Alberta farm operations through one full growing season. Issuance in
spring. Operations all summer. Redemption at harvest. Full data on
what works and what needs adjustment.
Three million dollars. Against two point six billion per year in
interest currently leaving Alberta farms. If it works at scale – and
every component already works somewhere – that's over eight hundred
times return on a single investment.
More importantly: it's the investment that makes Alberta farming
viable for the generation that comes after. The one that's watching
right now to see if it's worth staying.
Join the Alberta Buck R&D Program
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CUSTOM_ID: farmers-action
*Alberta farms are ideal first movers: clear asset values, established
insurance, short operating cycles.*
• *Endorse the proposal* – contact your MLA and the Minister of
Agriculture
• *Join the pilot waitlist* – [perry@dominionrnd.com]
• *Follow the research* – [Alberta Buck Articles]
• *Read the full proposal* – [The Alberta Buck]
*Your farm built this province. Your wealth should work for you.*
You don't have to wait for the government to act. The R&D program
needs farm operators who are willing to document their assets, test
the issuance process, and provide real data on whether the model works
through a real growing season.
If you run grain or cattle, if you carry an operating line of credit,
and if you'd like to be among the first Albertans to try the
alternative – get in touch.
Think about what you're building toward. Not just a better interest
rate this season. A farm your children can afford to take on because
it doesn't carry a sixty-one thousand per year interest burden. A
farm that finances its own operations from its own wealth, without a
banker's approval, without a renewal meeting, without the annual
uncertainty of whether the line gets renewed in a bad year.
Alberta farmers built this province. Generation after generation,
they took raw land and made it productive. The wealth is real – two
hundred forty eight billion in assets, eighty-five percent equity.
The question is whether that wealth works for the farm – or for the
bank.
Thank you for your time. The full proposal is at albertabuck.ca. The
pilot waitlist is open. Alberta's farmers deserve to find out if this
works.
[perry@dominionrnd.com]
[Alberta Buck Articles]
[The Alberta Buck]