The U.S. Department of Agriculture has released guidelines for hemp companies to apply for and receive federal loans, Marijuana Moment reports.
There is a lot of misinformation everywhere about CBD hemp and Industrial Hemp. Most articles online state that CBD is also derived from industrial hemp. It’s true that industrial hemp has thousands of different uses but CBD hemp is a totally different species of the hemp plant. In this article, we get rid of this confusion by showing you how cultivating CBD hemp differs from Industrial hemp.
Cultivating industrial Hemp
Many hemp farmers have not yet been able to access economic relief because funds made available by the CARES Act were not earmarked for agriculture-related businesses. That appears to be changing.
Florida farmers are hoping the state's new hemp program will help them rebound from a virus-sullen growing season.
Lawmakers signed off of the growing and sale of hemp last year. Since then, farmers have been waiting for the completion of rulemaking and federal approval for months. They received it late last week. Florida is now slated to start accepting applications for industrial hemp growing licenses Monday.
A trade deal signed earlier this year has brought much needed investment from an unlikely ally.
Last week, the U.S. Department of Agriculture (USDA) approved Florida’s plan to let farmers grow hemp in the Sunshine State.
On Thursday, the USDA announced the approval of Florida’s and Kansas’ plans for hemp production.
In a time when there seems to be little good news in agriculture, hemp is offering hope for Leigh Barry. While the Minnesota grower’s vision for growing hemp on his traditional corn, soybean, and alfalfa operation began about three years ago, 2019 marked his first season growing this new, yet old, crop for CBD.
Before it ends, the coronavirus crisis described by the U.S. government as "our Pearl Harbor moment" will likely kill hundreds of thousands of Americans while the nation sinks further into recession, if not a full-blown depression. Small businesses will shutter. Hourly workers will become homeless. Unemployment will continue to soar, exposing a fragile system left in place after decades of globalization.
During a time of historic economic disruption and agricultural turmoil in Florida due to the novel coronavirus, Agriculture Commissioner Nikki Fried says there’s a newer, greener reason for farmers to be hopeful.
The COVID-19 pandemic posses special challenges for everyone, especially farmers. What started in the cities on both coasts will infect the farm belt too and when it does it will present unique challenges.
