Is a viable hemp industry in Florida’s future?
Disease and foreign competition have made many growers question the viability of traditional commodity crops such as tomatoes, citrus, and avocados. Industrial hemp appears to be an attractive alternative, as the 2018 Farm Bill permitted its production. Florida has followed several other states in...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
The University of Florida George A. Smathers Libraries
2022-03-01
|
| Series: | EDIS |
| Subjects: | |
| Online Access: | https://journals.flvc.org/edis/article/view/129620 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1825198628459773952 |
|---|---|
| author | Trent Blare Martha Rivera Fredy H. Ballen Zachary Brym |
| author_facet | Trent Blare Martha Rivera Fredy H. Ballen Zachary Brym |
| author_sort | Trent Blare |
| collection | DOAJ |
| description |
Disease and foreign competition have made many growers question the viability of traditional commodity crops such as tomatoes, citrus, and avocados. Industrial hemp appears to be an attractive alternative, as the 2018 Farm Bill permitted its production. Florida has followed several other states in approving permits in 2020 to allow production of industrial hemp. Markets for industrial hemp products were promising in the first years of production, but market prices started to decline dramatically in 2020 with many growers unable to sell all their product. In this publication, we examine the hemp value chain with a focus on opportunities in the Florida market. Better coordination between regulators, processors, financial institutions, research and Extension services, and the retail sector to build confidence, harmonize policies, and lower transaction costs would help the industry flourish and ensure growers, consumers, and hemp-related enterprises can benefit from this emerging market.
|
| format | Article |
| id | doaj-art-f7b71d123da54128890049aae40dcbe6 |
| institution | Kabale University |
| issn | 2576-0009 |
| language | English |
| publishDate | 2022-03-01 |
| publisher | The University of Florida George A. Smathers Libraries |
| record_format | Article |
| series | EDIS |
| spelling | doaj-art-f7b71d123da54128890049aae40dcbe62025-02-08T05:43:41ZengThe University of Florida George A. Smathers LibrariesEDIS2576-00092022-03-0120222Is a viable hemp industry in Florida’s future?Trent Blare0https://orcid.org/0000-0002-2318-0409Martha Rivera1Fredy H. Ballen2Zachary Brym3University of FloridaUniversity of FloridaUniversity of FloridaUniversity of Florida Disease and foreign competition have made many growers question the viability of traditional commodity crops such as tomatoes, citrus, and avocados. Industrial hemp appears to be an attractive alternative, as the 2018 Farm Bill permitted its production. Florida has followed several other states in approving permits in 2020 to allow production of industrial hemp. Markets for industrial hemp products were promising in the first years of production, but market prices started to decline dramatically in 2020 with many growers unable to sell all their product. In this publication, we examine the hemp value chain with a focus on opportunities in the Florida market. Better coordination between regulators, processors, financial institutions, research and Extension services, and the retail sector to build confidence, harmonize policies, and lower transaction costs would help the industry flourish and ensure growers, consumers, and hemp-related enterprises can benefit from this emerging market. https://journals.flvc.org/edis/article/view/129620alternative cropsvalue chain developmentmarket developmentspecialty crops |
| spellingShingle | Trent Blare Martha Rivera Fredy H. Ballen Zachary Brym Is a viable hemp industry in Florida’s future? EDIS alternative crops value chain development market development specialty crops |
| title | Is a viable hemp industry in Florida’s future? |
| title_full | Is a viable hemp industry in Florida’s future? |
| title_fullStr | Is a viable hemp industry in Florida’s future? |
| title_full_unstemmed | Is a viable hemp industry in Florida’s future? |
| title_short | Is a viable hemp industry in Florida’s future? |
| title_sort | is a viable hemp industry in florida s future |
| topic | alternative crops value chain development market development specialty crops |
| url | https://journals.flvc.org/edis/article/view/129620 |
| work_keys_str_mv | AT trentblare isaviablehempindustryinfloridasfuture AT martharivera isaviablehempindustryinfloridasfuture AT fredyhballen isaviablehempindustryinfloridasfuture AT zacharybrym isaviablehempindustryinfloridasfuture |