Funding for Hemp Will Expand

Funding for Hemp Will Expand

One of the biggest opportunities for hemp producers and processors is the federal grant funding that is available through various USDA initiatives. 

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 under the USDA umbrella, has $150 million available to fund sustainable agriculture projects in FY 2021.  NIFA oversees federal research for hemp and will award viable projects up to $10 million. This is an extraordinary opportunity available to operators, and is one more aspect of federal action that may impact hemp prices in 2021 and beyond. 

Existing farms with proven track record of project management are in a good position to receive funding for viable projects.  Those with existing projects are especially well positioned and could see some influx of capital though federal grants.  This is an generational opportunity for producers to…

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