New questions about the future of the hemp industry emerged after one of the largest CBD processors filed for bankruptcy, but advocates remain bullish about the long-term future — if they can get more answers out of FDA.
Growers paid over $10 billion to insure almost 380 million acres in 2019. By year-end, crop insurance companies paid out almost $7.6 billion to cover losses and the numbers are expected to grow as all claims are finalized.
USDA’s Risk Management Agency has issued a clarification of an earlier press release to make clear that farmers will receive a 15% top-up payment on prevented planting indemnities this year if their insurance policies had the Harvest Price Option.
New figures from the Department of Agriculture show an increase in tractor tires rolling in the last week, but a number of them are either sitting still or stuck in the mud as wet conditions hinder planting progress across the country.