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Harvest time 2019, the very first federally legal hemp crop. Farmers across the nation planted fields to pursue financial chance for their households. We wanted to study much more about family members farms, so we visited the Farm Progress trade show in Decatur IL.
Corn is a mature marketplace exactly where commerce flows freely. The procedure appears a thing like this:
- 3rd celebration grades the corn
- Commodity exchanges identify pricing
- Wholesaler buys the crop
- Corn heads to a storage / processing facility
This level of infrastructure is new to hemp. The majority of hemp farmers in the USA lack a purchaser, 60% according to Whitney Economics. There are two variables driving this statistic. First, a common surplus of hemp material . Second, the capability of hemp processors to extract the incoming hemp crop.
As a outcome, we anticipate a surplus of material that needs drying and storage to preserve the worth of the crop.