What’s Next for Hemp-Related Businesses?

In 2018, Congress passed the Agricultural Improvement Act of 2018, commonly referred to as the 2018 Farm Bill, landmark legislation that expands upon existing academic pilot programs created after passage of the 2014 Farm Bill. The Act defines industrial hemp as “The plant Cannabis sativa L. and any part of that plant……with a delta-9 tetrahydrocannabinol [...]

2020-03-15T21:21:58-04:00March 13th, 2020|AGRIBUSINESS|

The USDA Releases (Interim) Final Rules on Hemp Production

Effective October 31, 2019, the U.S. Department of Agriculture (USDA) released the long-awaited interim final rules on the production of hemp in the United States of America. This legislation is a massive moment for the fledgling product’s return to the American agricultural market after roughly 50 years on the sidelines. Hemp has been grown in [...]

2019-12-13T14:45:31-05:00December 13th, 2019|AGRIBUSINESS|

Don’t Let Time Pass You By: 5 Tax Tips Every Farmer Should Know

Farming is the business that America was founded upon. The IRS considers the business of farming to be anyone who cultivates, operates, or manages a farm for profit, as an owner or a tenant. Also included in farming are livestock, dairy, poultry, fish, fruit, and truck farms, including plantations, ranches, ranges and orchards. There are [...]

2018-11-12T15:55:56-05:00July 1st, 2012|AGRIBUSINESS|