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Why the barter system is making a comeback

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BROOMFIELD, Colo., July 3, 2022 /PRNewswire/ — Although a gardening supplies company, Backyard Farming Supply is committed to staying abreast of relevant economic trends; one of them being the resurgence of the barter system. The barter system has been around since the dawn of time, and it’s about to make a comeback in America as food prices continue to rise. In fact, according to CNN Money, the US Department of Agriculture says food prices could potentially rise 30-50% this year alone. Moreover, they expect this trend to continue over the next four years. As these prices continue to climb, bartering your own produce could be a great way to help you save money and get your food budget under control!

The Barter Argument
Whether you believe in barter as an economic system, it’s hard to argue with its effectiveness. In today’s monetary climate, the fair value of products and services can vary from person to person—and while I might think a $30 the yoga class is worth it $20 to me, another person may think it’s worth it $50. By exchanging goods and services and agreeing to an equal exchange of value, both parties are satisfied; everyone wins. And while cash works great for most of us, cash is also inflation-sensitive – barter offers a way to dodge those pesky price increases.

The growing trend of trade in goods
Growing numbers of people are increasingly exchanging garden produce for goods and services. With rising food prices, the value of local organic produce seems to be increasing rapidly. And starting a garden can add value to the home. One woman recounted trading in her first batch of homemade tomato sauce for two hours of house cleaning and yard cleaning services. A realtor used fresh lemons from his garden to get a free car detail. The list goes on…gardeners need cleaning services and homes need gardening care. By linking supply to demand, you gain cash and fresh organic fruits and vegetables from your garden! Talk about covering both ends!

How to get started with a community exchange
Your local community is a great place to start. When you join a community barter organization, you’ll likely get most of your trade value from your area, at least initially. Eventually, as your reputation grows, you can expand far beyond this regional network to find willing and generous brokers through North America. The fact is, no matter where you live in the world, there are people who will want what you have to offer.

There may be some growing pains, but that’s okay
As with any new business or venture, there may be some growing pains and it may take time to build a strong reputation. However, as long as you don’t overwhelm people and take great care of your customers, there is no doubt that if you are organized and effective in your marketing strategy, you will reach your goals very quickly. Additionally, as more people sign up for this system, more goods will be traded, leading to increased availability of goods, which will help offset costs due to inflation. As everyone gets into the barter game, they’ll also be able to save money by not having to spend so much on things they didn’t really need anyway. After all, you can’t spend what you don’t have!

Come learn with the Backyard Farming family how to grow your own organic food! They can help lower your costs and ensure you have access to the healthiest foods for you and your family. If you’re curious about organic fertilizers and learning what would work best for your garden, check out backyardfarmingsupply.com. Please follow them on Instagram and Facebook @backyardfarmingtips for fun facts and helpful tips.

SOURCE Backyard Farming Supply