Cryptocurrency Q&A Why don't more farmers grow hemp?

Why don't more farmers grow hemp?

CryptoEnthusiast CryptoEnthusiast Thu Nov 14 2024 | 7 answers 1282
I'm wondering why not many farmers choose to grow hemp. Is it because of legal restrictions, or are there other challenges like climate, soil conditions, or market demand that are discouraging them from cultivating this crop? Why don't more farmers grow hemp?

7 answers

Pietro Pietro Sat Nov 16 2024
A growing number of farmers are cultivating hemp for its fiber and grain.

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Elena Elena Sat Nov 16 2024
Despite this trend, industry experts caution that the market share for hemp fiber and grain still has considerable room for growth.

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ZenHarmony ZenHarmony Sat Nov 16 2024
Currently, there is a notable scarcity of processing facilities tailored for hemp.

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MatthewThomas MatthewThomas Fri Nov 15 2024
As a result, the development of hemp supply chains in the United States remains in its nascent stages.

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KDramaLegendaryStarlight KDramaLegendaryStarlight Fri Nov 15 2024
Furthermore, U.S. hemp farmers are facing competition from more established hemp growers in other countries.

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