Fifty years ago a college economics professor made a statement, when talking to a group of us high school kids, that has stuck with me ever since. " I have yet to see any commodity that farmers cannot produce into worthlessness" . Time has proven him right.
The hemp production will settle out. It will not replace the economic value that tobacco had in the southern states. The tobacco industry was centuries old. It was a system that was very mature. So most of the bugs where out of the system.
The producer that stated he wanted to jump from 200 acres to 300 acres and then make a $2000 an acre profit, was smoking some of hemps sister product!!! The only reason tobacco had a profit was the government program controlled production for the last fifty years. So guys did not over produce. The producer talking seems to forget that every single hemp producer is wanting to do the same thing he is wanting to do. So I bet in just a few years there will be a small profit per acre at the best.
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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