Nebraska farmers are making plans now for their 2019 planting season. Many are interested in taking advantage of the Hemp Farming Act of 2018 that was included in the new Farm Bill that clears the way for hemp as an agricultural crop. The government shutdown is impacting farmers plans. Those wanting to grow industrial hemp must first submit to the U.S. Department of Agriculture and pass an FBI background check. Dr. Stuart Titus is president and CEO of Medical Marijuana Inc. and is hoping the shutdown is short lived.
Titus believes that hemp will be a rival crop for corn, soybeans and wheat. He believes a hemp futures market will soon develop on the Chicago Board of Trade. He says with all the industrial uses, farmers can get multiple revenue streams from one crop.