3 Benefits of Hemp as Your Next Cash Crop

January 17, 2020 Blog

Helpful Information from an Experienced Hemp Growers’ Insurance Brokerage

Until around 70 years ago, Americans were educated on the varied uses and benefits of hemp. Once the plant was lumped in as a narcotic in the Marijuana Tax Act of 1937, we forgot much of what we had learned. The good news is that hemp is making a comeback, and many farmers are looking into adding or substituting this cash crop for their existing ones. The better news is that the government is looking favorably at this plant and all its potential uses, which makes now the best time to break into the market.

Take advantage of the upswing in the industry by switching some of your crops to hemp. Then speak to a knowledgeable broker at the Business Insurance Center. We will discuss the options you have for affordable hemp growers’ insurance to safeguard your facility, equipment, and crop. Let us help you as you enter or expand in this blossoming industry.

Take Advantage of these Benefits of Growing Hemp

For a short time in World War II, the US government encouraged farmers to grow the plant for the raw material to make rope. However, the effort was short-lived, and we have spent the last decades raising other crops instead of this wonder plant. Here are some benefits you may not have known about hemp:

  1. It is easier to grow than cotton : In comparison to cotton, hemp can produce much more fiber per acre. It needs one acre to produce the same amount as two or three acres of cotton. It is much stronger and softer, and is mildew resistant. It can be grown in all 50 states with no pesticides or herbicides and less fertilizer than cotton.
  2. It is more productive than trees : Hemp can be used for paper products and fiberboard. In one acre, you can yield as much of the plant as two to four acres of trees. The length of time needed to harvest a tree for paper is measured in years. Compare that to hemp, which only needs about 120 days.
  3. It is as extremely versatile as soybean and corn : The hemp seed is extremely nutritious and versatile. Like soybean, this plant can be used for food products such as tofu, veggie burgers, butter, cheese, salad dressing, ice cream, and milk. Like corn, it can also be converted into clean-burning ethanol fuel.

Take Advantage of the Hemp Growers’ Industry with Help from the Business Insurance Center

Enjoy the benefits of this incredibly versatile and hardy plant when you convert some of your agricultural acres to hemp. When you are ready to take the plunge, remember to purchase hemp grower’s insurance. The experienced team at the Business Insurance Center assists growers across the nation with coverage for crop protection, equipment, revenue and sales, as well as health, life, and disability insurance. Grab onto the future of farming with our help!

 

Request a quote online or call and speak with a knowledgeable and experienced broker at the Business Insurance Center. We have a 24/7 call center to serve you and an online Live Chat operator. 

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