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Hemp production included in Farm Bill

Hemp production included in Farm Bill

The crop would also be removed from a federal list of controlled substances

By Diego Flammini
Staff Writer
Farms.com

U.S. producers interested in growing hemp could be afforded that opportunity if the latest version of the Farm Bill passes.

The revised Agriculture Improvement Act of 2018 includes measures that would see the crop removed from a federal list of controlled substances. Researchers could apply for hemp related grants and producers would also be eligible for crop insurance. The crop could be marketed as an agricultural commodity.

Senate Majority Leader Mitch McConnell, who’s home state of Kentucky allowed hemp to be grown on 12,000 acres, spearheaded the national support for hemp.

“Securing the Hemp Farming Act as part of the 2018 Farm Bill has been a top priority of mine,” he said in a June 8 statement. “As a result of the hemp pilot program, which I secured in the 2014 Farm Bill, Kentucky’s farmers, processors, and manufacturers have begun to show the potential for this versatile crop.”

American farmers are encouraged at the possibility of being on the forefront of a new market opportunity.

Hemp has been illegal to grow in the U.S. since 1970 for its close ties with marijuana. The crop has also been praised for its many uses, including food, fibers and in construction materials.

And including hemp in a crop rotation can increase corn and soybean yields by as many as six bushels per acre, according to the Iowa Hemp Association.

“I want to be able to revolutionize a family farm,” Ethan Vorhes, a grain producer from near Charles City, IA., told the Des Moines Register. “Hemp can help us change part of that (growing) situation in the field.”

The Senate Agriculture Committee is scheduled to markup the Farm Bill on Wednesday.


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.