Growers Struggle to Reap Benefits of Hemp Farming
The 2018 Farm Bill legalized industrial hemp production nationwide and many hoped it would be a profitable new crop for farmers, reports Politico. However, after a boom in acreage planted last year, plantings of industrial hemp were down in 2020. Growers say a drop in price and a lack of markets have discouraged wider adoption of the crop. A patchwork of state regulations, combined with USDA requirements and pending FDA regulations, also complicate entry into this industry.