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Farm Progress America, January 14, 2021

Max Armstrong reports on the status of the hemp industry going into 2021

Max Armstrong offers an update in hemp production. The results for the crop have been mix since first approved by the 2018 Farm Bill. A recent series of meetings in Texas drew more than traditional farmers and Max offers a look at the changing economic picture for this crop. In addition, Max shares that Texas A&M reported that 400,000 acres of hemp were planted, but it's possible that as little as 40,000 could meet U.S. demand for CBD oil.

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: Arina Bogachy/iStock/Getty Images Plus

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