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An Assessment Of Economic Considerations For Industrial Hemp Production, Luke Lane, Jennie S. Popp, Michael P. Popp, Harrison M. Pittman
An Assessment Of Economic Considerations For Industrial Hemp Production, Luke Lane, Jennie S. Popp, Michael P. Popp, Harrison M. Pittman
Discovery, The Student Journal of Dale Bumpers College of Agricultural, Food and Life Sciences
United States farm policy and programs are governed by the Farm Bill. The 2014 Farm Bill allows for the legal production and research of industrial hemp as long as it meets the standards outlined in the Farm Bill. Although it has a wide range of uses (upwards of 25,000 products use hemp), there is a lack of recent information regarding the economic feasibility of hemp production for the private agricultural sector. Through an extensive search of existing literature, information was gathered to construct an enterprise budget for industrial hemp. Data from the enterprise budget were used in a constrained linear …