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The Business Of Hemp In North Carolina: Where The Rubber Meets The Road, Obed Quaicoe, Fafanyo Asiseh, Omoanghe S. Isikhuemhen
The Business Of Hemp In North Carolina: Where The Rubber Meets The Road, Obed Quaicoe, Fafanyo Asiseh, Omoanghe S. Isikhuemhen
Journal of Agricultural Hemp Research
Industrial hemp continues to receive a lot of attention in the United States of America with a projected annual revenue growth rate of 18.4 percent by 2022. The momentum industrial hemp has gathered in the past few years has made it the ‘new lucrative crop’ for people to grow. However, many farmers have jumped into hemp farming without first obtaining a realistic economic analysis of hemp farming. In this paper, we seek to review and explore the economic opportunities and challenges of hemp production as a useful guide for reducing risks and maintaining profitability for farmers in North Carolina. Our …