More Producers, More Product
Carbon credits are an attractive trade for most farmers. As it stands, the hemp cultivation industry is still a bit confusing and has quite pricey fees. Not to mention, there aren’t any set standards across the board, making it challenging to understand proper rules and regulations. However, with the reward of carbon credits in the back of their minds, more farmers may feel incentivized to grow their own.
Of course, this would increase the amount of hemp grown in the United States, expanding the market even further than before. For consumers, this is a wonderful end result. For farmers, this may create more competition; more competition may lead to better, more exciting products to help brands stand out from the rest.
All in all, it’s clear that carbon credits for hemp farmers could help boost production, as it makes the process seem a lot less daunting — and way more rewarding.