Hemp Banking
Banking issues for hemp businesses surfaced again, when federal CARES Act funds arrived on the scene in response to the economic disaster unfolding worldwide. Hemp companies that were prepared for swiftly accessing SBA Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) funds had existing relationships with banks, some modicum of best practices in their operational plans, and essential financial documents at their fingertips. This is the minority of small hemp businesses, of which many are operated by first-time entrepreneurs, and virtually none of which were developed with conventional bank finance.
The challenges hemp companies encountered with access to funding, along with similar challenges found in the federally…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...