Rarely has a new commodity provided such interest and optimism as hemp, but as the regulatory framework slowly catches up to the market’s hopefulness, things are turning bearish for the whole sector. According to the Group Vote Hemp, in 2017, there were about 25,713 acres of hemp; in 2018 that increased to 78,176 acres. Based on state registration data in 2019, there are 561,577 acres (and an additional 166,616,212 square feet of greenhouse space) registered to legally grow hemp – a more than 620 percent increase compared to last year. Production started under the 2014 Farm Bill, which allowed for qualified research projects of hemp production, and culminated in Section 12619 of the Agricultural Improve...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.