New Program Seeks to Close Gaps in US Hemp Supply Chain

High Grade Hemp Seed this week introduced a Farm Partner Program seeking to make consistent, compliant production a reality for the U.S. hemp market. Co-created by Center Pivot Group, the new Farm Partner Program will provide an infrastructure for hemp producers that guarantees a price for hemp flower at harvest. The harvested hemp must be grown in accordance with guidelines laid out in the partnership agreement. The program will roll out immediately in the U.S., primarily in California, Colorado, Minnesota., New York, Oregon, and Texas, before looking towards international markets. Initially, the partnership will be open to experienced hemp farmers who purchase High Grade Hemp Seed genetics. Contracts for biomass will be based on the trading value of hemp seed at purchase, with a revenue split after harvest between High Grade Hemp Seed and the farmer. According to Global Market Insights, the worldwide market for CBD is expected to reach $89 billion by 2026.