Hemp Risk Management -Monday, January 11, 2021

Risk Management Considerations for Hemp Producers

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Moderator: Laurie Wolinski

2:00 to 3:30 p.m.

Paul Goeringer (University of Maryland), Dr. Tyler Mark (University of Kentucky), Dr. Aaron Smith (University of Tennessee)

Profit margins for my current crops are shrinking. Should I consider hemp? In the last three years, interest in industrial hemp production has exploded across the US. One of the consequences of the hype surrounding industrial hemp production is that people new to agriculture, representing diverse demographics, have been drawn to the industry. Misinformation surrounding this industry is rampant especially the economic potential. The objective of this session is to dispel the economic and legal mysteries of hemp production. Producers will take away a series of budgets and contract considerations.