Congress Fails to Pass Farm Bill
Today, May 18th, 2018, Congress was unable or unwilling to pass the US Farm Bill.
Imagine that. It seems that both sides of the aisle would rather argue about immigration and food stamps than talk about American farmers. At this point, it's not even a surprise.
Mother Nature seems to have more reliability than congress. And that's a good thing.
The 2018 planting seasons has begun all across the country. We'll face challenges that have nothing to do with congress: heat, humidity, water, electricity, indoor, outdoor, winds, storms - and then comes the harvest season.
In the last decade, past Farm Bills have helped create a new crop of opportunities with a hearty and tremendously diverse plant: hemp.
Since then, small family farms across the nation have built state by state examples of the market potential for all things hemp.
Earlier this week, this report appeared in the Oregon media.
"In its purified distilled form, CBD oil commands thousands of dollars per kilogram, and farmers can make more than $100,000 an acre growing hemp plants to produce it. That distillate can also be converted into a crystallized form or powder."
Ok, now consider this: In 2013, the U.S. imported approximately $6.25 million in hemp oilcake and related products.
That's a lot of opportunity for Tennessee hemp cultivators, processors, labs and distributors.
“Word on the street is everybody thinks hemp’s the new gold rush,” Jerrad McCord said, who grows marijuana in southern Oregon and just added 12 acres (5 hectares) of hemp. “This is a business. You’ve got to adapt, and you’ve got to be a problem-solver.”
Ok! Now consider this: the last full National Hemp Crop Report stated that the US has only 25,713 Acres of hemp grown in only 19 states (32 Universities.) US Dept. of Ag., 2017.
Hot darn - that's a young gun kinda crop to me!
This feels hard. It is hard. But to pass up on a crop that keeps showing more potential uses each month, now's not the time to be down. It's time to plant, care, toil and insure that Tennessee farmers have a solid chance to make the most of the 2019 crop cycles.
That's what we're doing. Some of you reading this are too. If so, contact us. Let's talk hemp.