North Dakota Hemp Growers Bitten By Drought and Market Controls
If you will go and read the entire article on the site, you will have a pretty thorough idea of why the regulatory processes kill entrepreneurs and small business in general. It goes well beyond the issue of cannabis and carries over to nearly every endeavor known to man.
Here’s the thing, the ONLY legitimate function of government is to protect your rights. This does indeed include when another person or entity is impeding your rights. You have the right to profit from your labor. Otherwise, there is no reason to engage in labor. There are legitimate laws that have been passed and are never enforced against monopolies and too heavy of consolidation in sectors of the economy. The consolidation laws are anti-trust/anti-competition laws. Those are not enforced….Grr.
A point I would like to make regarding the farmer not being able to sell the stalks of his hemp is that if it were chopped or shredded, it could be made into silage for cattle. It doesn’t just have to go for nothing because there is no hemp fiber processor in North Dakota.
Anyway, here is the article that prompted my little rant above:
Hemp hopes dashed: Drought, market forces work against hemp farmers this year
excerpt of about 1/4 of the article
No free market
Since it is listed as a Schedule 1 substance, industrial hemp comes with a lot of rules that other crops don’t have.
Industrial hemp can’t just be harvested and taken to a grain elevator to search out the best price. It must be sold within the state, and right now, North Dakota has just one buyer.
That individual is on the east side of the state and interested only in buying the seed for food-grade oil.
There are other potentially lucrative products for hemp. The stalks can be harvested for use in textiles. But there’s no processor in North Dakota to buy it for that.
So the stalks, which might have been a secondary crop to boost Fischer’s bottom line, will likely be wasted. Fischer isn’t even certain whether the rules would allow it to be used for cattle bedding.
The prices for Fischer’s crop came out a few weeks before Fischer harvested it. They were disappointing, particularly compared to last year.
“I can’t believe the price they came out with,” Fischer said. “It’s less than half of last year.”
The problem, Fischer said he was told, is that China is importing a lot of hemp, and that’s driven market prices down. But Fischer believes that 3,000 acres was simply too much for North Dakota’s tiny, one-company market.
“We trade real labor for fake money to pay fraudulent taxes on stuff we don’t own.” ==Doreen Hannes
Source: https://truthfarmer.com/2017/10/18/north-dakota-hemp-growers-bitten-by-drought-and-market-controls/
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