Last Week’s Hemp Commentary 

Crop Insurance Program Expands

Last December, the USDA Risk Management Agency (RMA) announced that hemp farmers would have access to crop insurance for the 2020 season.  Participation was understandably limited in its first year, compounded by the pandemic.  The requirement to have a sales contract in place excluded most producers, but is a response to falling hemp prices, or overall hemp pricing volatility and weak demand.  Last week, the 

“We are pleased to expand the hemp program and make other improvements for hemp producers,” said USDA’s Risk Management Agency (RMA)…