Growing industrial hemp to harvest for food, fiber and other uses is becoming more common especially in Canada. Now Minnesota wants to begin allowing the cultivation of Hemp. Thanks to legislations, Hemp crops have doubled in Minnesota in the last few years and are continuing to grow. The Ag and Renewable Energy Committee of the Kandiyohi County as well as the City of Willmar Economic Development Commission have been working hard to increase production to help farmers while assuring the public that there is no danger from getting high off this particular type of crop.

Key Takeaways:

• Thousands of acres of industrial hemp were planted in Minnesota on the year. Find a market for hemp when trying to place a bulk order.
• New buyers have shown interest in the hemp crop itself over time. These thousands of new acres are a good sign for growers.
• Minnesota is proud of its agricultural heritage on the whole. Leaders want to make sure that the hemp plants are the right decision.

"According to the Minnesota Department of Agriculture, there is a 101-acre field of hemp being grown in Chippewa County."

Read more: http://www.wdaz.com/news/4318205-finding-market-hemp-more-2000-acres-industrial-hemp-planted-minnesota-year

Industrial hemp is an industry that is apparently booming both in supply and demand. A grower based company in Kentucky reported that about two million dollars was paid to growers for the 2016 crop. But despite this, the demand for industrial hemp still far exceeds the supply, according to an officer from the company.

Key Takeaways:

• The supply of industrial hemp is ramping up quickly, as a company formed by growers in Kentucky reported $2 million in payments to farmers for the 2016 crop. But demand for CBD still far outstrips supply, a company officer said.
• The company, called Atalo Holdings Inc. a diversified industrial hemp research and production company in Winchester, KY., announced the payouts to their growers’ group yesterday. The company’s officers are all also growers themselves.
• Atalo claims to be one of the largest hemp companies operating in the US. For the 2016 growing year, the company has 58 growers enlisted in the program with 2,466 acres approved for hemp production.

"Potential efficacy of the cannabinoids, which have been researched for a variety of benefits including as analgesics and in seizure amelioration"

Reference:

https://www.google.com/url?rct=j&sa=t&url=//www.nutraingredients-usa.com/Suppliers2/Demand-for-CBD-still-outstrips-supply-despite-production-expansion-hemp-grower-says&ct=ga&cd=CAIyGmMzNTEwZjgyOWIxNGI2ODg6Y29tOmVuOlVT&usg=AFQjCNHTFLxMjTyH2pVok8A3oxVX3Ztbyw