Since the 2018 Farm Bill and subsequent legislation removed cannabidiol from the controlled substances list, the demand for hemp and CBD products has grown. As a result, an increasing number of farmers are considering switching to hemp as a potential cash crop. If you are considering a change, be sure to learn the pros and cons of hemp production before starting to plant a hemp farm for cultivation.
Understand the Law and Different Hemp Plants
First and foremost, it’s important to be sure that you are growing your hemp within the confines of the law. The most important aspect to keep in mind is that it must be less than 0.3% THC by weight. If your crop if found to have a higher concentration, it will be considered marijuana, which is still considered a controlled substance at the federal level. Be sure to check state laws as well. Finally, decide if your hemp farm will grow the plant for its fiber or for use in CBD products.
Pros and Cons for Hemp Production
One reason to consider a switch to running a hemp farm is that the plant does not need high-quality soil, but it does need hot days and cool nights to grow to its full potential. The hemp season is typically June to November and although it depends on your farming techniques, the harvest tends to be labor-intensive in America. Finally, because of the ever-changing laws around hemp and marijuana, you need to keep up-to-date on the latest legislation to be sure you are buying your seeds and selling your crop legally.
Because of the novelty of growing hemp, it can be tempting to switch some or all of your land to hemp production before the market gets saturated. Just be sure to do your homework to be sure that the expense of switching over will be worth it.