The value of major hemp market segments is inflated in this year’s National Hemp Report, published by USDA National Agricultural Statistics Service (NASS).  The values are purely reflection of survey response, and respondents continue to submit values that are more aspirational than operational.

We noted in previous commentary that the acreage figures in the NASS report should be a more accurate representation of production since the data is collected well after harvest.  FSA data is collected shortly after planting.

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