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EMERGENCE OF THIS MOST
VERSATILE PLANT-HEMP
Hemp, a highly
profitable commercial fiber yield grown mostly in the temperate climate with at
least 150 plants in square meter having a life span of three months. An emerging market where all parts can be commercially
used either as seed and fiber apart from the numerous products from hemp those
are available in the market. More
pervasive than ever, the variety of products range from nutritional powders,
body lotions, salad dressings, fuels, apparels, animal bedding, insulations and
much more created an intense desire among the farmers for cultivating this
wonderful crop. Capitalizing on the
upcoming market for hemp products and raw hemp, most of countries are
interested in the cultivation of this amazing crop.
What are the factors that led to the
emergence of the hemp market?
Increase in
the revenue as a result of an increase in demand has led to the cultivation of
hemp in most of countries which continues to increase as everyone are aware of
the benefits of this amazing plant.
Recent studies reveal that a growth can be experienced throughout this
century until the regulatory and the environmental concerns are forced to come
up with an alternative that can offer everything including food, fiber, fuel
and even materials for the buildings. A sudden increase in demand is
experienced as a result of the political instability and scarcity of the
commodities that has suddenly led to steady increase in the price of the
commodities. In the forthcoming years,
further researches are done on industrial hemp to realize other potential uses
of this surprising plant.
How people judge the emergence of this new
market?
Considering the potential advantages of hemp,
its increased demand and studies conducted on hemp really provoked the farmers
in starting the cultivation of hemp.
Studies revealed that certified seeds can offer the farmers a profit of
$605 from an acre and even less if the farmer was not able to sell the
byproducts. If a farmer grows industrial
hemp mainly for straw and grain, they can earn a profit of $320 from an acre
with a big potential market for its seed meal which is mainly used as
supplements for animals. Apart from all these large scale production of hemp
for industrial purposes can generate job opportunities which can bring a steady
increase in the earnings of the people. Most of the countries realize the advantages
of emerging hemp market hence they are keen in building a local infrastructure
and expertise in order to capture the investments at an early stage thereby
creating a strong foundation to the country’s growth and prosperity.
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