The hemp fiber segment will take years to develop the necessary infrastructure, logistics, and markets. Thinking in 5- or 10-year increments is realistic, assuming the industry continues at the current pace developing products, processing, and manufacturing capacity. This also assumes no progressive federal policy to help incubate the segment or strengthen hemp prices. States may also have a hand in helping to stimulate market growth, but timing is tough for state budgets. Nonetheless, states like North Carolina have a significant pot of funds obtained from the 1998 Master Settlement Agreement with tobacco companies. These funds are administered through groups such as the
The Golden Leaf Foundation’s impacts…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...