Hemp Prices Crash, Leaving Ohio Valley Farmers Feeling Burned
Ohio Valley ReSource
Ohio Valley farmers planted more than 27,000 acres of hemp last year — about four times more than in 2018 — to cash in on a booming market for popular CBD products made from the crop.
Yet with that growing boom, the price of CBD-rich hemp has crashed, dropping more than 75 percent in just 6 months. Many farmers are now feeling the financial pinch of that bust.