Hemp prices have fallen some 80 percent since summer highs as the industry works through a glut of the crop. And while tumbling prices could be a boon for consumers in search of affordable hemp and CBD products, they bode poorly for farmers and businesses that have staked their futures on the burgeoning industry.
Federal agriculture officials have introduced two crop insurance programs for hemp, both designed to protect farmers growing the new commodity from damage during natural disasters.
On February 6th, 2020, the USDA released details of three types of crop insurance for US growers of industrial hemp. This is a terrific opportunity for hemp growers, but there are many questions on eligibility and two immediate challenges for the growers. First, the deadline to apply is March 16th (For WFRP, the deadline ranges from January 31st to March 15th).
It’s an overcast January day on his farm in west Kentucky, where he grew 18 acres of hemp last year, investing more than $250,000 of his own cash. He’s one of nearly 1,000 licensed hemp growers in 2019 who helped grow Kentucky’s biggest hemp crop since the state reintroduced it, trying to cash in on what could be a $1 billion industry for CBD products made from hemp.
NEW YORK — It may not be apparent when you’re spending $70 on CBD foot cream, but hemp prices are plunging amid a “grossly oversupplied” market, according to the head of the industry’s first price provider.
The capital markets industry is intertwined with technology in an ambitious bid to update legacy systems, improve cybersecurity and enhance the customer experience. In the online trading space, millennial investor base continues to grow, and providers are seeking to cut down on monthly fees and offering low-cost price-per-trade services for trading platforms.
It may not be apparent when you’re spending $70 on CBD foot cream, but hemp prices are plunging amid a “grossly oversupplied” market, according to the head of the industry’s first price provider.
PanXchange Founder & CEO, Julie Lerner, talking on ‘What’d You Miss?’ regarding the Future of Hemp Trading and the Opportunities of Hemp vs Cannabis. Minute Mark 24:00 for Julie’s discussion.
According to the PanXchange, there is an issue of massive oversupply in the hemp market. PanXchange Founder and CEO Julie Lerner joins the On The Move panel to discuss the hemp business and how her company is changing the landscape for the industry.
The hemp market continues to settle as farmers look to the 2020 season. As U.S. growers learn from lessons they picked up in previous years, and as more growers get into the game, the national and international markets will shake out and begin to look more like a commodities market.