Hemp farming is a field that is growing in this era. If you are a dealer in hemp farming, there are essential things that you should know. The industry is growing every day, and farmers should always stay updated on what goes on in the industry. New bills are being passed in various countries each passing year. It is therefore essential for you as a farmer to always know the latest regulations and laws that govern hemp farming. These laws will change how farmers deal with hemp farming. Consider the information provided below to help farmers stay updated in hemp farming.
There are changes in the production of hemp production. There is an increase in the rate of production of hemp. There has been a rise in hemp farming mostly due to the changes made in the 2018 bill, which allows the ability for more people to grow hemp. As time goes, there is a continuing increase in the people who deal in hemp farming. The 2018 farm bill hemp shows an increase in hemp farming acreage from 9800 in 2016 to 78000 in 2018.
You will find changes in imports in hemp farming. The imports in hemp have slowed down over the past few years. Find out the rate of the importation of hemp. In recent years, hemp imports are mostly on hemp seeds. If you are a farmer and deal in imports and exports in hemp farming, it is advisable to always check on the costs of imports and exports. You will understand if you will continue farming your hemp to export or sell it within your country.
It is also vital for you to know the hemp production program. The program aims to create laws and regulations governing hemp farming. The rules and regulations will be updated in the program. These rules apply to all farmers of hemp as stipulated by the USDA. The laws are viable until new ones made. By the end of the year 2019, there will be new laws and regulations to govern hemp farming. As a farmer, you should stay up to date with the rules and laws governing hemp farming from the hemp production program. You can read more about the hemp laws at https://hempwave.co/blog/2018-farm-bill-summary-updates-to-know-for-hemp-farmers-hemp-industry/.
There are challenges you should also be aware of that concern the hemp farming bill. The bill passed in 2018 is not in full effect. Therefore, this delay has caused many farmers in countries that do not allow farming under the law passed in 2014 to cultivate hemp. Crop insurance is also another challenge faced by hemp farmers since you cannot get insurance for the crop as per the 2018 bill. For more information on this topic, click on this link: https://en.wikipedia.org/wiki/Hemp_Farming_Act_of_2018.