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National & World Ag News Headlines |
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POLITICO Reports on State of Fledgling Hemp Industry
USAgNet - 10/20/2020
It's been nearly two years since the 2018 farm bill was signed into law, legalizing industrial hemp production nationwide and fueling hopes of a hemp farming boom. But that hasn't panned out yet, with growers around the country still struggling to reap the benefits
of the burgeoning crop sector.
POLITICO reports that the USDA has approved hemp programs for 29 states and is negotiating with another 12. That means a patchwork of inconsistent state regulations and unclear federal guidance for the industry.
After millions of acres of hemp were planted in 2019, production is way down this year; many growers gave up because of a steep drop in prices and the lack of a market for their crops.
Some state agricultural officials were so unsatisfied with the regulatory framework that USDA proposed last year that they decided not to move forward with hemp initiatives.
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