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Benzinga
Benzinga
Business
Nicolas Jose Rodriguez

USDA Announces Intent To Conduct A National Hemp Survey In Partnership With The University Of Kentucky

The U.S. Department of Agriculture (USDA) announced its intent to conduct a new survey in partnership with the University of Kentucky via a public notice that was published on the Federal Registry and reported by Marijuana Moment.
The survey, which would be distributed to 20,000 respondents, was designed to help in “forecasting hemp activity” and developing “a representative understanding of hemp production practices and costs at national, regional, and state levels. According to the notice, the USDA acknowledges the lack of a national data collection on this “newly emerging industry.”

Thus, through the survey, the Agency seeks to identify data collection for hemp markets, determine break-even production costs and implications for market structure.
The agency also added that this data will be “critical for national policymaking including rulemaking, risk management, and resource management.”

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