Bruce Perlowin, CEO of Hemp, Inc. commented, “This was such a critical cycle that we completed. Once you plant a crop, successfully harvest it and pay the farmers, you have gotten the farmer’s attention. They’ll be eager to grow Kenaf and hemp next planting season. In order to grow the amount of hemp we expect to grow in 2017, having the confidence of the farmers is a must. Even though it’s Kenaf this year, next year, we expect to grow a lot of hemp.”
In a state where tobacco and cotton were once cash crops, farmers in North Carolina have been struggling to try to make ends meet. Hemp, Inc. has provided hope and seems to be viewed as a “savior”. By importing a special strain of Kenaf seed from China to harvest and contracting with the farmers for the first 150 acres, small and medium farms now have a source for reliable income. With a 166.7% increase in its planting, Hemp, Inc. is paving the way for a massive 50,000+ acre hemp crop production in 2017. While this is not guaranteed, the estimated projection is based on projected sales, market demand and farmer loyalty.
Demand for hemp continues to increase and even with a solid infrastructure of a processing facility the size of Hemp, Inc.’s, Perlowin says it may still be tough to meet such a high demand.
“We feel like no one will be able to keep up with the demand for industrial hemp and hemp based products. There simply aren’t that many big players in the game, so to speak. At least not on a commercial level,” said Perlowin.
The article went on to state that “the regulations in place for growing hemp are hampering a quick increase in acres, as farmers are unable to get licensed in time. Due to industrial hemp’s association with its cousin marijuana, farmers need to be licensed through Health Canada and pass a criminal record check in order to grow the crop.” The acres of hemp could drop to 30,000 this year from 85,000 acres in 2015.
Hemp is a durable natural fiber that is grown as a renewable source for raw materials that can be incorporated into thousands of products. It’s one of the oldest domesticated crops known to man. Hemp is used as a nutritional food product for humans and pets, building materials, paper, textiles, cordage, organic body care and other nutraceuticals, just to name a few. It has thousands of other known uses.