LONGMONT, Colo., Oct. 13, 2020 /PRNewswire-PRWeb/ -- Recognized as a maturing market, the hemp industry's biggest challenge is stabilization: achieving a balance between demand, supply, and production to yield profit for both farmers and buyers. As demand for hemp products increases, farmers are eager to grow the crop, yet a lack of standardization and gaps in the supply chain have stymied long-term growth to date. High Grade Hemp Seed, a market leader in the production and sales of premium hemp genetics, announces a game changer for the industry today: the introduction of a Farm Partner Program (FPP). Co-created by Center Pivot Group (CPG), this first of its kind program will effectively make consistent, compliant production a reality for the US hemp market. The FPP debuts at hempFORWARD, a virtual event launching on Oct. 13, 2020, co-sponsored by High Grade Hemp Seed and Center Pivot Group, and produced by The Farm Journal.
The new Farm Partner Program will provide an infrastructure for hemp producers that guarantees a price for hemp flower at harvest, with the condition that it has been grown in accordance with guidelines laid out in the partnership agreement. For farmers who have purchased High Grade Hemp Seed genetics and followed specific standards laid out for crop management, this helps to assure a return on their original investment. Likewise, buyers and manufacturers can be assured of consistent and compliant hemp extract produced through the Center Pivot Group supply chain which will in turn fuel confidence in the marketplace. High Grade (HG) is committed to raising global standards for growing and producing hemp, and will be revealing news of new initiatives at the hempFORWARD event.
"The industry is growing vigorously, but we have recognized the barriers faced by farmers and buyers in terms of long term stability," says Isaac Cohen, CFO of High Grade Hemp. "We are focused on solutions, which start with the end in mind. The Farm Partner Program addresses the needs not just of small farmers, but large scale agricultural producers who want certainty in terms of how to cultivate and harvest on a mass scale."
The FPP will roll out immediately in the US – primarily in Calif., Colo., Minn., N.Y., Ore., and Texas – before looking towards international markets. Initially, the FPP will be open to experienced hemp farmers who purchase HG genetics. At point of seed sale, farmers will be introduced to end market contracts for their extracted hemp flower at harvest.
Contracts for biomass will be based on the trading value of hemp seed at purchase, with a revenue split after harvest between HG and the farmer. According to Global Market Insights, the worldwide market for CBD is expected to reach $89 billion by 2026. Demand for hemp and derivatives is expected to increase exponentially in the coming years.
"We want to support farmers throughout all points of the supply chain so that achieving a return on their investment becomes possible year after year," says Adrian Zelski, president of Center Pivot Group. "To make that a reality, it's critical for buyers to access a stable market to purchase consistent and compliant hemp, just as they do any other commodity. We're excited and confident that the Farm Partner Program will be the instrument that underpins the hemp market as it matures," he adds.
To learn more, visit HighGradeHempSeed.com. To register for the free hempFORWARD virtual event, or to access the press briefing and other content after the event, visit https://www.hempforwardevent.com
About High Grade Hemp Seed
HGH Seed, Inc., is a Colorado-based hemp genetics company committed to farming top-quality, consistent strains of hemp. High Grade has been pivotal in the reintroduction of industrial hemp to the global supply chain. CEO Bodhi Urban and the High Grade team introduced foundational strains such as Cherry Wine and Berry Blossom that are the basis of many hemp genetics today. The company is known for its proven track record of compliance, high feminization and germination rates, and high cannabinoid levels. To learn more about High Grade, or to inquire about purchasing seeds and starts, visit highgradehempseed.com.
About Center Pivot Group
Center Pivot Group is a hemp farming and manufacturing matchmaker. It provides partners with stability in a complex market by connecting clients directly to hemp farmers and companies. Its in-depth farm profiles help with sourcing feminized seed, hemp flower, biomass, or concentrates. All of CPG's hemp supply is screened for heavy metals, additives, and pesticides. For more information visit https://www.centerpivotgroup.com/
SOURCE High Grade Hemp Seed
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