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USDA Data Shows Hemp Acreage Shrinking in Midwest

May 09, 2024 at 10:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

A recent 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…

NOTE TO INVESTORS: The latest news and updates relating to Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ) are available in the company’s newsroom at https://cnw.fm/SFWJ

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USDA Data Shows Hemp Acreage Shrinking in Midwest

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