USDA Says Hemp Harvests, Prices are Rising
A recent report by the U.S. Department of Agriculture points to the hemp industry becoming more stable, particularly with regard to price and acreage. This is welcome, especially by players in the industry that have had to grapple with instability since the crop was legalized in 2018. One statistician at the federal agricultural agency, Joshua Bates, stated in the report that after legalization, hemp experienced a boom followed by a slump. However, now things are smoothening out. This positive news comes as the House of Representatives starts working on the next farm bill. The report, called the National Hemp Report,…