As Kentucky and federal lawmakers consider legalizing industrial hemp, the chair of the University of Kentucky's agriculture economics department notes that such an industry won't rise overnight.
It's a matter of economic viability. The main question being: With corn, soybeans and other crops selling at record high levels, what would entice farmers to switch to hemp instead?
Leigh Maynard, chair of the University of Kentucky’s ag economics department, said he expects farmers to be hesitant to begin growing industrial hemp. Maynard said farmers will likely balk at the idea of foregoing record high prices in other markets just to grow hemp.