The world has experienced a lot of change in recent years, and many countries allowing the sale and use of hemp are one of them.  The demand for hemp has dramatically increased since the U.S legalized this herb in 2018. The Washington, D.C.-based advocacy group Vote Hemp reports that in 2018, American farmers grew 78,176 acres of hemp which represented an increase of 68,406 acres since 2016. Vote Hemp also estimated that from 2018-2019, the amount of hemp planted by American farmers increased by 455%.

Many analysts have predicted that this herb’s development, and the steadily increasing opportunities in the hemp industry will enable the farming sector to continue growing for a long time. How is hemp transforming the agriculture industry? This article explains the effects of the hemp industry on farming.

1. An alternative to many products

Many people tend to confuse CBD with other hemp products such as cannabis. Although this herb also contains THC, it doesn't have enough to make you high. Instead, you can get many beneficial products from hemp, some of which are as follows: 

CBD

Farmers have seen an increased demand for their hemp crops and products in the automotive, construction, food and beverage, textile, and personal care and wellness industries.

Demand for hemp products in the health and wellness industry is proving to be an especially promising opportunity for farmers. A growing number of studies have confirmed that CBD provides many potential benefits to human health benefits, such as the following:

• It might help treat epilepsy, arthritis, and inflammation. Many people who have these conditions have confirmed that CBD is capable of managing them.

• It is useful as an aid to treat insomnia and other sleep disorders. Chronic insomnia and other sleep disorders can make your life miserable if you leave them untreated, aside from increasing your risk of developing disorders such as obesity, diabetes, hypertension, depression, stroke, and heart disease. That said, CBD is one of the best ways of dealing with sleep disorders.

• It can even effectively manage mental health disorders, such as anxiety and depression. Mood disorders are dangerous, and they can affect your physical health. CBD helps to keep you motivated and stabilizes your moods.

Manufacturers have started selling CBD as an excellent alternative to many artificial medicines. Thus, people have been buying a lot of CBD because they tend to prefer natural therapies over synthetic ones.

Before you buy a CBD product, make sure you check the label to ensure it’s original. It is better to buy CBD tincture oil that works rather than fake ones that don’t.

Biofuel and fertilizer

Farmers can also use the less useful hemp parts to create biodegradable fuel. Biofuels (such as biodiesel and bioethanol) are made from the seeds of hemp and thus present an excellent alternative to fossil fuels because they are affordable and eco-friendly.

2.  Altering Old Agricultural Restrictions

Before the 20th century, hemp was a major crop all over the world, used in the manufacture of such products as rope, shipping lines and rigging, rough bags, and cloth. However, many countries around the world placed a total ban on all hemp products to stop people from using this herb recreationally.

The U.S passed a farm bill in 2018 that allowed farmers to grow this herb without restrictions. Fortunately, this new hemp-friendly policy has also allowed multiple other countries to review their bans on hemp. The free growing of hemp is excellent news for farms worldwide. It will enable them to have better capital coming in and increase their production generally.

3.  Creation Of Multiple Job Opportunities

Ultimately, the creation of jobs gives an enormous advantage to farming. This is because it provides more jobs for people, increasing the farm’s production. It will also increase the amount of hemp the farm can distribute, ultimately increasing their capital.

The hemp industry has created many jobs in the agricultural sector, including these:

• Farmers-  Farmers are essential workers in the agricultural sector, and they are responsible for growing the herb and keeping it healthy. In the United States, individual states gave licenses to a total of 21,496 growers in 20202, up from 16,877 farmers and researchers given licenses in 2019.
  

• Analysts and factory workers- Their job is to inspect the herb and extract all the useful materials. This job is equally important as it involves removing hemp products, which takes patience and expertise. This is one of the jobs required the most in any agricultural setting, and the introduction of hemp has increased the job vacancies further.

• Distributors, marketers, and mediators- Distributors are responsible for making sure hemp products get to you. Marketers ensure that people know farmers are selling these products. Mediators are responsible for bridging the gap between customers and distributors.
  

• Researchers- They are responsible for finding more information on hemp. They are also responsible for improving the way farmers produce this herb.

4.  Better In-flow of Capital

The research and advocacy group New Frontier has done a lot of research on the hemp industry. They have discovered that the hemp industry has grown to a value of $1.1 billion since 2018. They also stated that this number could reach as high as $2.6 billion by 2022.

The high demand for hemp has created a steadily growing in-flow of capital for farmers, which has allowed them to expand their businesses. According to a poll on Gallup, roughly 14% of American people use CBD, which is the hemp product people use the most.

The Bottom Line

Hemp has been given a bad name for a long time. However, this herb provides many benefits to the economy. Additionally,  scientists have conducted a growing number of studies that have proven the health benefits you can get from CBD.

The points mentioned above have shown that hemp is beneficial to the farming industry in many ways. If farmers continue to grow the herb, it could massively increase the farming industry value.

About the Author:

Jeffery Thompson is a full-time content marketing specialist. He has been closely following the CBD and Cannabis industry trends for quite some time. He has dabbled in various domains before the cannabis industry. On his off days, he likes to spend his time at the nearest animal shelter or nose deep in a book.

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