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Stable Coin Brainstorm ( feel free to steal the idea, Developers)

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Disclaimer, I have zero technical experience in blockchain technology, this is merely a thought exercise for myself. I'm a farmer, by profession, if you can call it that. with that said, I feel that a strictly Farmland backed stablecoin, could do extremely well.

The premise of the stablecoin (USAG or similar), would be used by a foundation to purchase class 1, 2, and 3 farmland throughout the world, mainly in developed countries which have highly productive agriculture systems (US, Canada, Australia, Eastern Europe to start). Farmland in the U.S. has not really depreciated over the past 40 years. The 30, and 20 Y.O.Y. return is roughly 7% and 13%, respectively. The farmland would be used as the collateral to issue the dollar pegged (or not) stablecoin. Each piece of farmland can be put onto the blockchain, which would have three EXTREMELY beneficial use cases.

ONE: This would lead to enormous cheaper future exchange of ownership (currently land exchanges can cost 15%-50% of the cost of the land. If the tract was on the blockchain, theoretically, the transfer of ownership would only cost the gas fee. Farmers and investors alike would be thrilled over this.

TWO: Staking. Most people do not realize that majority of farmland is not owned by farmers but private individuals, in which they rent out. Farmland rent varies from $50/acre-$500/acre, depending on production of the land and the area. Farmland on the blockchain, which would be locked up as collateral, could be rented or "staked out" in a way, on a Decentralized app where farmers could bid on a land contract. This stake or rent normally runs about 4%-10% of the cost of the land per year. This Staking reward could be given back to token holders, or used to strengthen the balance sheet of the stablecoin, or both.

THREE: Decentralization of Farmland. Personally, I find this the biggest value, and so should you. Farmland has been increasingly gobbled up by wealthy individual investors and corporate farms. If we continue this trend line out we WILL end up with an extremely centralized power that controls our food supply. This is probably the top concern with farmers, as well as consumers. It leads to farmers being completely controlled by a few major companies, which in turn controls to populous. Even in my 20 years of agriculture, the change has been freighting. This stablecoin could act as the catalyst to fight back for a more decentralized food supply.

On top of the staking/rent, farmland hold a very steady inflation hedge, again running roughly 12% over the past 20 years in U.S. So, conservatively your running a return rate of 10%-20% YOY. I reckognize the major challenges this brings into question, and again this is simply a thought process for now. I would greatly appreciate feedback, and welcome a team of Developers to take on the task and I would just be honored to help.

submitted by /u/LuccaDuccaDot
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