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House sends Farm Bill to President

14 December, 2018, 06:28 | Author: Sara Gill
  • Farm Bill Effect Impact On U.S. And Global Hemp Markets

It says: "here are federal resources we want to put against those problems".

Hemp has always been prized for its fiber and is the source of the increasingly popular CBD, an oil thought to have medicinal qualities that is used in a host of products.

"We are optimistic that state authorities will follow the federal government's lead in permitting the cultivation and sale of hemp and hemp products and, accordingly, Village Farms will continue to advance its current hemp initiatives to ensure we are ready to move quickly and decisively as soon as relevant state laws permit", said Mr. DeGiglio.

The new farm bill also provides permanent funding for farmers markets and local food programs, the Washington Post reports. "I could not support this bill because it does not contain stronger work requirements for food stamps".

North Central Florida Congressman Neal Dunn released a statement following the passing of the bill including: "While not flawless, the 2018 farm bill gives certainty to our farmers, foresters, and ranchers at a time when many producers are struggling".


House Agriculture Committee Chairman Rep. Michael Conaway, R-Texas, said the final bill looks at "stresses and strains across all of rural America, economic development issues and just the practice of farming and ranching". Senate Majority Leader Mitch McConnell (R-Ky.) applauded the hemp provision as a big boost for the agricultural industry.

Hemp farmers will be able to buy crop insurance, apply for loans and grants, and write off their business expenses on their taxes like any other farmer.

No assurance can be given as to whether hemp will ultimately become federally legal in the USA and legal in the State of Texas or elsewhere. The Congressional Budget Office found that the last version of the law from four years ago mostly consisted of nutrition program funding at 80 percent. It does not make any significant changes to the food stamp program that serves almost 40 million low-income Americans. "But you add to that the importance of conservation programs, which land owners, farm owners and ranchers have the chance to enhance the quality of the air, the water and the soil". "I think we all anticipate that someday marijuana will be legal, and when that happens there won't be a need to license hemp".

Congressman Earl Blumenauer (D-OR), a longtime cannabis legalization advocate, also weighed in on the bill's passage. "The passing of the Farm Bill is a great step in the right direction, but much more needs to be done to help pull our nation's dairy farmers facing financial crisis as a result of low milk prices and the impacts of retaliatory tariffs on dairy product exported to some of our major dairy trading partners", the group said in a statement. As a commodity, hemp would be eligible for crop insurance, which has not been available. The program will survive under the final version of the bill, aides said.

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