USDA Data Shows Hemp Acreage Shrinking In Midwest

9/20/2024 4:10:07 AM

(MENAFN- Investor Brand Network) Arecent report
authored by the U.S. Department of Agriculture indicates that the quantity of hemp being cultivated by farmers in the Great Plains and Midwest region of the country has reduced in comparison to what it was two years prior. However, one research experts
sees this reduction as something good .

David Lakeman, head of the department of agriculture in Illinois, says the explosive interest in growing hemp after the enactment of the 2018 Farm Bill through which hemp was legalized resulted in the value chain for the plant being overwhelmed. He notes that there was a need to establish entire industries around hemp transportation and hemp processing...

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