Hemp in the News – An unlucky South Carolina hemp farmer has brush with the law

A hemp farmer in Harleyville, South Carolina, had an unlucky brush with weather and the law, which put Hemp in the News this week.

Hemp in the News

His bad luck began in September with Hurricane Dorian smashing his farm and damaging his hemp crop. He suffered huge financial loss as a result. In addition, he grew hemp on an undesignated field, due to water issues. Upon contacting the state agriculture department he received confirmation that use of this field was okay.

Within days, the farmer, John Trenton Pendarvis, was arrested for illegal hemp cultivation.

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Hemp Politics – The growing pains of the new hemp industry

The Hemp Politics in Maine, New England, are hindering the growth of the industry by implementing more stringent regulations.

Hemp Politics

It is not just Maine struggling with these issues, but the whole nation. This is the result of state lawmakers trying to come into line with federal rules for hemp cultivation and production.

With the rise in popularity of CBD’s, the hemp industry has seen immense growth. However, along with this growth have come many growing pains, with regards to fees, regulations and THC testing.

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Hemp in the News – Wisconsin banks more receptive to hemp-based customers

Putting Hemp in the News once again this week, Wisconsin banks are beginning to be more receptive to hemp-based customers.

Hemp in the News

As the legalities of the U.S. hemp industry become clearer, bankers are beginning to realize the opportunity in the thriving new industry.

A recent survey shows that almost half of the bankers in Wisconsin are now actively investigating new ways to help and get involved in this growing business.The same survey just two years ago had the interest at just over a third.

Scott Birrenkott, assistant director of legal for Wisconsin Bankers Association, said that’s a significant increase in the way banks are looking at the new hemp industry.

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Hemp in the News – Hemp will be skyrocketing in 2020, literally

An agricultural experiment that will take plant cultures to space, has Hemp in the News this week. Coffee and hemp are the chosen plants for the project.

Hemp in the News

An agriculture technology company wants to study the effects of microgravity and space travel on plants. Studies have shown that plants begin to mutate in space. Scientists want to know if this continues once the plants are transported back to earth.

Front Range Biosciences co-founder and CEO Jonathan Vaught stated that such experiments on coffee and hemp cultures are relatively new.

The SpaceX CRS-20 cargo flight will be transporting several plant cultures to the International Space Station in the spring of 2020.

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Hemp Politics – Wisconsin’s hemp program is here to stay

In the U.S, Hemp Politics have made more progress as Wisconsin’s hemp program is set in stone. The hemp trials in 2018 received much interest and bipartisan support.

Hemp Politics

Last year, Wisconsin started a hemp pilot program with 250 licenses. This number grew by almost a thousand with over 1200 hemp growers and more than 500 hemp processors in 2019.

With this clear growth of Wisconsin’s hemp industry, Gov. Evers was pleased to give the industry its final push by signing into law, a bill to make hemp a permanent part of the state’s agricultural sector.

The growing popularity of hemp in Wisconsin and all across the U.S., is ensuring hemp’s revival as an opportunistic and profitable crop.

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Hemp Politics – Federal THC limit makes hemp a high risk crop

Even though the 2018 Farm Bill legalised hemp, making it a regular agricultural commodity, Hemp Politics continue in the U.S. Last month, the USDA released information regarding temporary federal hemp regulations.

Hemp Politics

The new rules stipulate that any hemp being grown must be tested for its THC levels. The allowed limit is 0.3 percent and anything over that will be deemed marijuana and, therefore, must be destroyed.

This low percentage can be a challenging target for farmers, making it a high risk crop. Wisconsin hemp farmers Sarah Kelley and Jamie Degenhardt had a crop that tested 0.4 percent THC, resulting in a significant financial loss.

Some suggest that 1 percent would be a more realistic THC limit.

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Hemp in the News – New hemp database provides insight into industry

Farm Journal, a U.S. farm magazine, brings Hemp in the News with its database tracking the hemp industry. It’s the first of its kind, and provides insight and practical information about the budding new industry.

Hemp in the News

The database includes detailed information about hemp farmers, processors, transporters and other key players in the industry. The information provides a precise outlook on upcoming agricultural trends and prospects. This can benefit government agencies, agricultural businesses, investors and suppliers.

A key focus of Farm Journal is to support farmers and ranchers by providing insight into new agricultural opportunities.

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Hemp in the News – Growing number of U.S. hemp farmers affecting market price

The expanding hemp industry in the U.S. has Hemp in the News this week. As the number of hemp farmers grows, the profitability is dropping.

Hemp in the News

Hemp has the potential to be a very fruitful crop, if all goes as planned. In 2018, one acre of hemp was worth $70,000. This year, however, farmers have been battling mold and other issues, and with so many more farmers there is a shortage of drying and processing facilities. To add to that, the increase in product has resulted in a drop in price to less than $30,000 an acre.

The “gold rush” of hemp is changing quickly. Many people jumped in to the hemp farming industry without doing their homework, and now the market is flooding.

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Hemp Politics – Virginia sets the stage for hemp industry success

Hemp Politics in Virginia are focusing on the future. Gov. Ralph Northam, together with the General Assembly, legalized the cultivation and processing of industrial hemp.

Hemp Politics

Appalachian Biomass Processing is investing almost $900,000 into Virginia’s hemp industry. This will bring new jobs to the state and open up hemp-growing opportunities for farmers. The company has promised to buy a minimum 6,000 tons of hemp from Virginia farmers over the next three years. This amounts to an investment of over $1 million.

Northam says he is totally focused on all possible avenues to ensuring the future health of Virginia’s economy. He sees hemp as a golden opportunity for job creation and commercial growth.

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Hemp Politics – Michigan farmers cash in on hemp legalization

With the 2018 Farm Bill in the U.S., Hemp Politics have taking a positive turn. A Michigan farmer aims to cash in.

Hemp Politics

Hemp has many uses besides CBD, and one particular Michigan farmer recognized its potential. David Connor, of Paw Paw Hemp Company, and his business partner Joe Leduc of Leduc Blueberries, grew hemp for the first time this year. Being a blueberry farmer, Leduc appreciated the fast growing cycle of hemp, rather than having to wait up to five years for blueberry plants to produce.

Although hemp production for CBD is trending right now, Connor is looking to grow hemp for industrial purposes. He believes that the future of hemp will offer many industrial uses that will impact peoples everyday lives.

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