Knowing that many people have taken interest in hemp farming is not surprising at all. The market demand for CBD products extracted from hemp has skyrocketed since their launch. Hemp is a plant of the cannabis family and CBD is a cannabinoid present in plants of that family.
The cannabinoid offers therapeutic benefits and works best when it comes to boosting daily health. Do not just look, but learn before you leap. Get a closer look into crucial statistics and educate yourself.
Learning the Regulations for Hemp Cultivation
Hemp CBD products were legalized only in 2018 by the Farm Bill even though hemp is a traditionally cultivated crop. Using hemp to extract CBD is a newer application. You have to understand that there will be strict federal regulations in hemp cultivation.
According to section 10113 of the farm bill, the state agriculture departments have to confer with the chief law enforcement officer and the state governor, to formulate a plan and get the approval of the USDA secretary.
Capital and Cost
Hemp cultivation comes with associated costs, and setting up a hemp farm is not cheap. Acquisition of land and equipment as well as the management of farm operations are costly.
Hemp farming usually requires special permits from the state agricultural departments and some states check the criminal background of people who await approval to start hemp farming.
Know the Laws
Knowing the laws is not simply enough; you have to make sure that they are strictly followed if you do not want to see your crop being destroyed by the authorities. The federal government does not approve any types of hemp CBD, but they strictly mention that the CBD product should contain less than 0.3% THC.
THC is an intoxicating cannabinoid found in cannabis plants and they can give you a high. Higher content of THC would make your hemp CBD product no different from THC CBD. If the content of THC in your hemp crop exceeds the 0.3% limit, your entire crop will have to be destroyed as per the US law.
Tips To Reap Success in Hemp Farming
If you are completely new to hemp farming, it is better to start the cultivation in a small piece of land. After all, your first farming season is going to be a period of experimentation and learning, and it is better not to experiment on a big land.
Understand the Soil Nature
Soil quality is crucial to the success of hemp farming, and you cannot compromise on it. Before you start preparing the soil for cultivation, get it tested for quality. The results of a soil test reveal the soil quality and texture.
Unless you approach hemp farming professionally and show willingness to learn and unlearn, there is no way you are going to make the optimum profit out of it. Adopt better framing practices and adapt to the changing demands of the industry.