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Passing The Torch Successfully

Legendary forage breeder Bruce Coulman will be formally inducted into Saskatchewan’s Agricultural Hall of Fame this month. His first research job was with McGill University, whose forage breeding program had collapsed. With no breeding lines to start with, it took Bruce 17 years to develop his first new variety from scratch. He went on to develop 24 new forage varieties over the course of his career before retiring from the University of Saskatchewan. This means he averaged zero new varieties per year for the first 17 years, then one new variety per year from then on.

Forage breeding has an incredibly long runway, so it’s important not to lose momentum. When Bruce was nearing retirement, the beef and forage industries wanted to make sure his forage breeding program wasn’t abandoned. The Saskatchewan Cattlemen’s Association, Saskatchewan’s forage sector, the BCRC, the provincial government’s Agriculture Development Fund and the university worked together to ensure that Bruce’s position was refilled.

A great candidate was in the wings. Bill Biligetu had been Bruce’s graduate student, so he had learned his forage breeding skills from one of the best. But Bill didn’t grow up on a Canadian cattle or forage operation. Bill grew up in Mongolia. That made him a natural fit for the inaugural class of the BCRC’s Beef Researcher Mentorship Program, which is designed to pair new forage, cattle and beef researchers with Canadian beef producer and industry mentors, familiarize them with how Canada’s industry works, what producers need, how to communicate on a producer level, and how to connect their research interests with industry priorities. Bill’s mentor was Aaron Ivey of Ituna, Saskatchewan. Bill has gone on to develop a very successful research and extension program in his own right. More on that later.

New researchers like Bill also bring their own valuable skills, experiences and perspectives to the table. Look at a map of the world and put one finger from each hand on wherever you’re raising cattle in Canada. Move one finger straight east (or west). Eventually, your finger will get to Mongolia, where Bill grew up. Mongolia is an enormous place at virtually the same latitude as Canada’s cattle country. The Mongolian steppe has a very similar topography to the plains and foothills of Western Canada. Mongolia’s climate is very similar and closely related forage plants grow in both Mongolia and the Canadian prairies. Most of Mongolia is still pastureland, and it has an incredibly long history with a rich livestock and grazing culture. In fact, Bill grew up on horseback in a family of nomadic herders. His family still raises livestock back home, and they’re never sure whether the pictures he sends were taken in Mongolia or Maple Creek — both places look very alike.

When Bill came to the University of Saskatchewan, he didn’t just bring academic qualifications. He also brought his deep understanding of forage, soil, livestock and grazing management, and their value to producers. He’s hit the ground running, and industry has supported his forage research and breeding program. Here are some recent highlights.

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The Investment Opportunities of Industrial Hemp

Video: The Investment Opportunities of Industrial Hemp

The fledgling U.S. hemp industry is decades behind countries like Canada, France and China, but according to impact investor and this week’s podcast guest, Pierre Berard, it could flourish into a $2.2 billion industry by 2030 and create thousands of jobs.

To reach its potential, what the hemp industry needs most right now, Berard said, is capital investment.

Last month, Berard published a report titled “Seeing the U.S. Industrial Hemp Opportunity — A Pioneering Venture for Investors and Corporations Driven by Environmental, Social and Financial Concerns” in which he lays out the case for investment.

It’s as if Berard, with this report, is waving a giant flag, trying to attract the eyes of investors, saying, “Look over here. Look at all this opportunity.”

Berard likens the burgeoning American hemp industry to a developing country.

“There is no capital. People don’t want to finance. This is too risky. And I was like, OK, this sounds like something for me,” he said.

As an impact investor who manages funds specializing in agro-processing companies, Berard now has his sights set on the U.S. hemp industry, which he believes has great economic value as well as social and environmental benefits.

He spent many years developing investment in the agriculture infrastructure of developing countries in Latin America and Africa, and said the hemp industry feels similar.

“It is very nascent and it is a very fragmented sector. You have pioneers and trailblazers inventing or reinventing the field after 80 years of prohibition,” he said. “So I feel very familiar with this context.”

On this week’s hemp podcast, Berard talks about the report and the opportunities available to investors in the feed, fiber and food sectors of the hemp industry.

Building an industry around an agricultural commodity takes time, he said. According to the report, “The soybean industry took about 50 years to become firmly established, from the first USDA imports in 1898 to the U.S. being the top worldwide producer in the 1950s.”

Berard has a plan to accelerate the growth of the hemp industry and sees a four-pillar approach to attract investment.

First, he said, the foundation of the industry is the relationship between farmers and processors at the local level.

Second, he said the industry needs what he calls a “federating body” that will represent it, foster markets and innovations, and reduce risk for its members and investors.

The third pillar is “collaboration with corporations that aim to secure or diversify their supply chains with sustainable products and enhance their ESG credentials. This will be key to funding the industry and creating markets,” he said.

The fourth pillar is investment. Lots of it. Over $1.6 billion over seven years. This money will come from government, corporations, individual investors, and philanthropic donors.

The 75-page report goes into detail about the hemp industry, its environmental and social impact, and the opportunities available to investors.

Read the report here: Seeing the U.S. Industrial Hemp Opportunity

Also on this episode, we check in with hemp and bison farmer Herb Grove from Brush Mountain Bison in Centre County, PA, where he grew 50 acres of hemp grain. We’ll hear about harvest and dry down and crushing the seed for oil and cake.