Hemp competes for acreage against crops with established markets and decades of agronomic research and industry experience. Through 2019, the largest hemp acreage is found in states that are not leading producers of conventional field crops such as corn, soybeans, wheat or cotton.
The de-scheduling of hemp from the Controlled Substances Act has set off a flurry of activity in agriculture that is reminiscent of that when the passage of the Renewable Fuel Standard was passed by Congress, which set mandatory levels of biofuels were to be used in automobile and diesel engine fuels.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.