02/13/2025
At Rack Springs Farm, we've stumbled upon a strategy that has helped us increase our working capital, and we're excited to share it with others, though we're far from experts. Our farm is a private, self-funded operation, which can be challenging, especially with over 400-lb deer that can be picky eaters—like children with antlers! We feed them high-quality hay, silage, high-protein grain, and corn. When we had just a few deer, expenses were manageable, but as our herd grew, so did the costs, and finding ways to cover them during high inflation has been tough.
In the summer of 2022, we decided to take a small portion of our feed budget—money we had set aside for essentials—and start saving it in Bitcoin. It was a leap of faith for us, a small family farm that relies on income from our repair business to get by. We weren't sure it would work, but to our surprise, those small savings in Bitcoin have grown by over 300%, giving us enough to cover rising prices and winter feeding without stretching our budget further.
On a personal level, we've done something similar. For years, we felt like we didn't have enough money to invest, especially in something as new and unfamiliar as Bitcoin. We'd save $100 a month in a savings account, but with no growth and inflation eating away at it—around 7% year over year—we realized we were losing purchasing power. It felt crazy to keep doing the same thing and hope for a different result, so we took another leap. We emptied half our savings account—about $2,300—and put it into Bitcoin. It wasn't much, but like our farm savings, it has grown to nearly $7,000, a 300% return. We're not rich by any means, and it's not life-changing money, but it's been a game-changer for our budget. Now, we save our leftover monthly income in Bitcoin, too.
We know Bitcoin can be volatile, swinging up and down aggressively in the short term. But over the long haul, we've seen it trend upward far more than it dips. This strategy has been a blessing for us and our animals, and we're sharing this as ordinary, blue-collar workers, not financial gurus. We hope our experience sparks curiosity, especially if you feel like money is slipping through your fingers faster than you can earn it—and trust us, we get it, because we felt that way, too.
Political opinions aside, we've learned something important: over the last 40 years, the dollar has lost 50% of its purchasing power, and money in low-yield savings accounts buys half of what it did back then, no matter which party was in charge. We've come to believe the only way to protect what we've earned is to save it in something outside government control, and for us, Bitcoin has worked. We're not saying it's the answer for everyone, but we hope this at least encourages you to look into it. We're just a small farm, sharing what worked for us, and we'd love to hear your thoughts, too
