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FARGO, N.D. —February 23, 2026 — Bushel, a leading provider of agricultural software and digital payment solutions, announced the launch of mobile check deposit, allowing farmers to deposit paper checks using their mobile phones, including high-value grain settlement checks.
“Between grain checks and other paper checks that come through the operation, there’s always something to deposit,” said Greg Sagedahl, Director of Fintech at Bushel, who also farms in North Central Minnesota. “Being able to simply take a picture and deposit a larger check from my phone saves time. And once it’s deposited, I can use that money for fuel or supplies instead of waiting for the paper check to be processed.”
Mobile Check Deposit is available through the Wallet feature in Bushel Farm and is part of the Bushel Business Account, offered by The Bancorp Bank, N.A., Member FDIC.* Deposited funds begin earning interest immediately—currently at a 2.75% interest rate¹—and are FDIC insured up to $5 million through a sweep program bank network². A linked debit card gives account holders faster access to those funds for purchases or payments, without needing to make a separate trip to the bank.
Farmers continue to receive much of their farm income by paper check, with 77% reporting they are still paid that way, according to Bushel’s 2025 State of the Farm Survey. Depositing those checks typically requires driving to a bank branch, waiting for the payments to be processed, or working around daily caps that limit the size of payments common in agriculture.
“Farm payments are still heavily paper-based, and the amounts are often much larger than what standard mobile deposit tools are built to handle,” said Tony Morosini, Chief Payments Officer, Bushel. “Our solution gives farmers a practical way to deposit checks and keep money moving.”
Once funds are deposited, farmers can access them using a Bushel Visa® Debit Card3 to cover everyday operating expenses such as fuel, general farm supplies, parts and other purchases. Farmers can also move money between linked external bank accounts, keeping farm finances organized in one place alongside operational tools.
For more information, visit bushelpowered.com/farmers/mobile-check-deposit.
About Bushel
Bushel is an independent software company based in Fargo, N.D. that provides an integrated workflow solution for agriculture. Bushel’s platform includes customer relationship management, customer and commercial portals, offer and hedge management, and farm management and advisement software. Through its wholly-owned subsidiary Bushel Exchange, LLC, Bushel also provides digital payment solutions to its customers. These solutions improve operational efficiency, deliver crucial insights, and increase flexibility, enabling grain buyers, processors, ag retailers, ag lenders and farmers to adapt and expand their operations. Bushel now powers more than 3,500 grain and ag retail facilities, representing more than 50% of U.S. and Canadian grain origination. Over 100,000 farmers use Bushel's technology, making it one of the largest technology networks in U.S. agribusiness. Bushel also meets SOC 2 Type II standards, ensuring robust data security.
Bushel was recently awarded “Farm Management Solution of the Year” in the 5th annual AgTech Breakthrough Awards program conducted by AgTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global agricultural and food technology markets today.
*Bushel is a financial technology company, not a bank. Banking services for the Bushel Business Account are provided by The Bancorp Bank, N.A. Member FDIC.
1The interest rate for the Bushel Business Account is variable and may change at any time. The disclosed interest rate is effective as of December 15, 2025.
2FDIC insurance only covers the failure of an FDIC-insured bank. The standard FDIC deposit insurance limit is $250,000 per depositor, per FDIC- insured bank, per ownership category through The Bancorp Bank, N.A. and its sweep program banks. See the Bushel website and the Deposit Account Agreement for more details.
3 The Bushel Gold Visa® Debit Card is issued by The Bancorp Bank, N.A. pursuant to a license from Visa U.S.A. Inc.
