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Evolving Agriculture Payments: The Shift from Paper Checks to Digital




According to Bushel’s 2023 State of the Farm Report*, U.S. farmers said paper checks are still the leading payment method in agriculture. Eighty-two percent of respondents  reported that their grain payments are made with checks, and 83% said they pay for crop inputs with checks. 

Paper checks may be the leading form of payment in agriculture today, but current trends show B2B check payments are steadily declining. The 2022 American Finance Professionals Digital Payments Survey showed that B2B payments made by check have fallen nearly 50% since 2004.  

When asked about digital payment usage in Bushel’s 2023 State of the Farm survey, nearly 40% of farmer respondents said that they have used digital payment methods.. While the decline of check payments isn’t visible in the agriculture industry yet, it seems inevitable given the environment of shifting business and consumer preferences for safe and secure transactions coupled with efficiency and convenience.


Bushel Payments allows agribusinesses to pay and get paid via a safe, secure and robust digital ecosystem.

  • Farmers use Bushel Payments to send and receive money to and from their grain elevator or ag retailer. They can also exchange payments with other digital payment users in the Bushel network.
  • Grain elevators and ag retailers use Bushel Payments to pay farmers for grain and/or get paid for fertilizer, seed, herbicides, feed, or other retail products.

If you’re an agribusiness looking to create a more efficient operation, turn to Bushel to put the convenience of digital payments to work for you and your farmer customers. Learn more at Bushel Payments on our website.


Interested in learning more about the most recent insights and trends in the farming industry? Read the full 2023 State of the Farm Report here


*Bushel’s 2023 State of the Farm Report is based on a comprehensive survey of more than 1,350 U.S. farmers. The survey asked questions pertaining to technology, grain marketing, industry payment practices, sustainability opportunities, and future priorities and concerns.

2024 State of the Farm Available: U.S. farmers surveyed on ag tech, grain marketing, sustainability, payments, and more.