U.S. Hemp growers are disappointed the recent CFAP expansion does not include hemp. Last week, the USDA expanded the commodities covered under the program that provides COVID-19 relief to producers. CFAP includes commodities that USDA can prove saw losses of 5% or more in the first quarter of 2020.
The U.S. Hemp Growers Association said this week, “We believe our farmers did present evidence of losses to our growers that were five percent or more in the first quarter of 2020.”
However, hemp is such a newly legal crop that it does not have the advantage of data gathered by USDA agencies. Currently, the data available to understand the market is gathered privately by several data companies.
USHGA believes two datasets showed a 5% pricing decrease and more in hemp and hemp products in the first quarter of 2020.The statement went on to say, “All hemp farmers are now wondering what kind of treatment they will receive should there be future problems.”
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