A report by USDA’s Economic Research Service looks at the
economic viability of industrial hemp in the U.S.
David Olson, with ERS, tells Brownfield long-term economic viability
of hemp will be affected by competition from other domestic crops for acreage,
market information and transparency and the regulatory environment which is
still developing.
“Just as more and more of that gets worked out it’s going to
take risk off and, likely, more people are going to feel comfortable becoming a
producer or investing in one way or another.”
Acres planted to hemp through state pilot programs reached
just over 146-thousand as of 2019.
