Oversupplied CBD hemp market hit by pandemic

09/16/20 6:25 AM By Fran Howard

The industrial hemp industry’s “green rush,” which began in mid-2017, has cooled, at least for those growing hemp for the cannabidiol (CBD) market and many companies that process it.

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Agri-Pulse Open Mic: KipEideberg, Association of Equipment Manufacturers

This week’s Open Mic guest is Kip Eideberg, Senior Vice-President Government and Industry Relations for the Association of Equipment Manufacturers. Like the industries they serve, equipment manufacturers are familiar with the cyclical turns in farming, forestry, construction and mining. Eideberg says higher interest rates, a lack of trade agreements and sluggish economies around the globe and in the U.S. are proving challenging for the customers to make capital purchases. Eideberg is hopeful Congress will bring a new farm bill in the Lame Duck session or at least early next year. He says tax policy will also be critical next year as both industry and customers need amended policy on deductions for research as well as depreciation.

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Agri-Pulse Newsmakers: Nov. 1, 2024: WFP Laureate Cary Fowler at Borlaug Dialogue

2024 World Food Prize laureates Cary Fowler and Geoffrey Hawtin were honored for their life work protecting crop biodiversity at the Borlaug International Dialogue. We asked Fowler about the creation of the Svalbard Global Seed Vault.

Then, Jim Snee, CEO of Hormel, and his wife Tammy discuss Hormel’s Hometown Food Security Project, and Manuel Otero, IICA director general, spoke on farmers’ challenges to adopt new technology.

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