Cannabis businesses are not immune to the harsh realities of any other business. In fact, they likely deal with even more difficult challenges than many other traditional businesses in a variety of respects. For example, most businesses—if not all—should have some form of insurance and, without insurance, a businesses’ only remedy may be to resort to and/or be subject to the court system.
A Department of Agriculture official says the crop insurance coverage for hemp is not ready. Martin Barbre, USDA Risk Management Agency administrator, told the crop insurance industry this week that agents could discuss crop insurance with hemp farmers, but must tell them “there is no coverage at the present time.”
Washington’s slow move into hemp has reached another crossroads. Bills in the Washington Senate and House seek to capitalize on the federal decriminalization of hemp, but as introduced differ on details. Key issues include license fees, competition with marijuana and CBD oil, a market now closed to hemp farmers in Washington.
President Donald Trump signed Congress’ omnibus Farm Bill into law on Thursday, legalizing hemp at the federal level in a move that will surely bolster Tennessee’s burgeoning hemp and CBD industry. The new law will make it possible to buy crop insurance for hemp, erasing some of the risk for farmers who want to expand into the new market, and allow hemp to be moved across state lines, expanding options for exports and sales.
For decades, it was one of those white whales for cannabis operators: an insurance company that would both knowingly cover cannabis operations and pay out even the smallest claims when losses occurred. Few brokers were bold enough to brave this new and unique market. Genuine coverage for most catastrophic business losses was, quite simply, non-existent. How times have changed! Almost every cannabis networking event has at least a handful of insurance brokers in attendance, and there are now dozens of insurers serving the industry.
Weeds lead to India losing an average of $11 billion each year in 10 major crops, shows data from 1,581 farm trials in 18 states. “Weeds are notorious yield reducers that are, in many situations, economically more harmful than insects, fungi or other crop pests,” said a study, published in the journal, Crop Protection.
An estimated 15-25 percent of potential crop production is lost due this menace at a time when India needs not only to raise production but also ensure food security and nutrition for its growing consumption needs. Crop protection and crop enhancement solutions, based on best global practices and the latest technologies available are the answer. There are good emerging trends and solutions for sustainable crop protection which include crop protection chemicals, agronomy, fertigation, seed treatment, bio-technology development etc.
Weed control costs remain a substantial factor in all caneberry production. Weed control runs about $550 an acre in fall crop raspberries when they’re first planted and there are no metal stakes to contend with. In the spring crop, it’s about $200 an acre. However, the big cost in the spring crop is primocane control […]
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