More and more farmers are putting up their tractors, selling land, or doing whatever it takes to make ends meet. This is especially true of tobacco farmers as the tobacco industry limits the number of acres produced and the profits earned. However, hemp farming, legalized in the 2018 Farm Bill, could change that decline.
“The average small family farm in North Carolina makes $22,000 a year. With hemp you can make a million a year, off five acres, once you get it down,” said Bruce Perlowin, CEO of Hemp Inc.