From a title you already hold to a yield that keeps earning — the land stays in the family, the operating cycle keeps turning.
A USDA, Farm Credit System, or certified-general farm-real-estate appraisal — or a recognized farm broker opinion of value — establishes what the land, improvements, and any included equipment are worth. Multi-peril crop insurance and FSA records corroborate the production side. Title and possession stay with you; Plinth does not take the land, the improvements, or the equipment.
Plinth sizes a fixed, non-recourse liquidity advance against the equity above the existing Farm Credit, commercial-bank mortgage, or operating line, and issues PL/EQ tokens one-for-one against the size of that advance. The advance is not a refinance; no new encumbrance is layered on the land and the existing first-lien holder keeps their position.
The advance is deployed into approved external venues producing disclosed yield. The capital provider receives their share from that deployment — never from owner payments, appreciation, or sale proceeds — smoothing off-season cash flow and underwriting the operating cycle without adding a payment to the household or operation.
The protocol accepts the full operating footprint of a farm: the land, what sits on it, and what runs across it. The narrow part of the process is the appraisal; once a credible farm-real-estate valuation is on file, the rest is the same equity-as-liquidity model.
Irrigated and dryland cropland with a documented production history. Soil class, water rights, and yield records drive the appraisal.
Bearing vineyards, tree fruit, nut orchards, and citrus groves on land with recognized per-acre comparables.
Grazing land, stocker and cow-calf operations, range improvements, and stock-water infrastructure sized to carrying capacity.
Parlors, freestall barns, manure infrastructure, milking herds, and replacement heifers with audited production records.
Bins, dryers, legs, scales, and aeration systems with a recognized dealer and resale market.
High-horsepower tractors, combines, sprayers, planters, and harvest gear with active dealer or auction markets.
Title to the land, the improvements, and any included equipment stays with the operator. Plinth takes a transparent on-chain claim on the equity above the existing first-lien holder — no refinance of the Farm Credit or commercial-bank mortgage, no second lien on the land, no production interference, no lease-back required, and no covenant interference with the operator’s existing lender. Multi-peril crop insurance, FSA program participation, and the operating-line borrowing base are unaffected.
A permitted sale or trade closes the existing Plinth position under defined redemption and settlement terms. Any new owner does not inherit the previous advance — they complete a separate eligibility review and receive new advance terms on the new ownership. Until that review is complete and the position is redeemed, the existing advance’s settlement terms apply.
Sale mechanics, notice timing, and the new-owner eligibility path are subject to final terms and counsel review.
The intake walks through the land, the existing mortgage or operating line, and the appraisal path. You see the math before anything is signed or minted.
No forms before you’re ready. The intake is a single guided flow.