The federal Farm Bill revived the Industrial Hemp Development Act in West Virginia, and ever since then the new agricultural commodity has been trying to get it’s wings not only in West Virginia, but around the United States.
We get asked for market figures. The West Virginia hemp industry is barely in it’s infancy, and considering the lack of production and manufacturing within the state, the only real numbers coming out of West Virginia in 2016 are expenses and data for future industry.
There has been a catch 22 scenario involving farmers who want to know their market before they farm, and also with businesspeople who are wanting to know the production details before they negotiate. Finalizing deals during this R&D phase is complicated. Another catch 22 is that some people plunge into the market too early, and others are so conservative that they watch the opportunity drive right on by.
Our approach to this challenge is putting one foot in front of the other to diligently move the West Virginia hemp industry forward while pooling resources and distributing wealth in the process. 2016 was a huge year in terms of getting the ball rolling, but not huge in terms of production numbers. The cooperative model is poised to streamline West Virginia development in this field, so as the production numbers begin to rise, so will the cooperative members’ careers.
There are many factors to be considered when discussing job creation in a new emerging industry, and there’s no better way to get a clear idea of what’s going on than to cooperate with other individuals who share a similar vision with you.
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