Will the 2023 Farm Bill impact the Hemp industry?
The 2023 Farm Bill will impact the hemp industry through the investment to fund the Natural Resources Conservation Service’s (NRCS). With priorities of climate change and soil health. The funding budget summary of $21 million of a of a $428 billion, six-year budget. This is insufficient given that resilient American agriculture depends on healthy soil.
- Will the 2023 Farm Bill impact the Hemp industry?
The majority of U.S. soils are severely deteriorated, with agricultural land losing topsoil at a rate of 5.6 tonnes per acre each year. The soil crisis is not adequately supported by the American agricultural system, which has caused us to:
- A food emergency. According to the UN, there will be less than 55 more harvests.
- Debt held by farmers is rising by 4% yearly.
- Extreme droughts, floods, and flames because of weakened soils and desertification.
- Water shortage brought on by low water infiltration.
- Extreme extinction is brought on by poor biodiversity, with over 27,000 species vanishing annually
What will 2023 Farm Bill Spending be?
The estimated total is $1,295 billion. Programs in the required and discretionary spending categories are approved by the farm bill.
Programs with mandatory spending typically function as entitlements. When a law is passed, mandatory expenditure is allowed and paid for by federal budget estimates that are used to enforce the budget.
Programs with discretionary spending are permitted in the agriculture bill, but they are not supported. They are subject to annual appropriations, and they might not get any money at all or might get less than what the farm bill permitted.
What are the 2023 Farm Bill sustainability measures?
Four titles account for 99% of anticipated farm bill mandatory outlays Nutrition, Crop Insurance, Farm Commodity Support, and Conservation.
What are the 2023 Farm Bill Priorities?
National issues include poor eating habits, unhealthy lifestyles, foodborne illnesses, and the possibility of terrorism and other attacks on the U.S. food supply. Programs supported by NIFA work to improve the country’s capacity to confront and mitigate these difficulties, as well as problems with food security, food science, and technology.
NASDA supports increased financing for the National Clean Plant Network and the highly effective Plant Pest and Disease Management & Disaster Prevention to give more resources for domestic invasive species challenges. The grave threat posed by exotic plants and pests to farmers and ranchers calls for bold action.
There is no one-size-fits-all when it comes to conservation programs; they must be adaptable, incentive-based, and voluntary. All conservation projects must be open to early adopters. Reduced regulatory burdens should apply to program enrollment and adaptive management.
While financing should go to initiatives and strategies that address cropland soil quality and health, water quality and quantity, regulatory clarity, and input cost savings notwithstanding the importance of other resource concerns. The Environmental Quality Incentives Program (EQIP) should take precedence over the Conservation Stewardship Program, and funding should be focused on working land programs rather than land retirement schemes (CSP).
Acres allocated to the Conservation Reserve Program (CRP) should essentially not change from present levels. The upper or lower limitations on rental rates should be maintained. It is advisable to review the haying and grazing clauses for both mid-contract management and emergencies.
Included should be authorization and financing for the BioPreferred Program, Bioenergy Program, and Biodiesel Fuel Education Program.
Priority should be given to energy projects that use soy and other commodities when thinking about on-farm renewable energy schemes.
A declaration of principles for the 2023 farm bill has been produced by the Specialty Crop Farm Bill Alliance (SCFBA), a coalition of more than 200 specialty crop groups that represent producers of fruits, vegetables, dried fruit, tree nuts, nursery plants, and other items.
To compete with substantially subsidized imported goods, the Market Access Program promotes food and agricultural products that are grown and produced in the United States. Programs to build export markets produce $24 in export revenue for every $1 invested.
This will have a big beneficial impact on farmers and ranchers, increasing their revenue and adding to the number of American employment in the agriculture and food industries.
To more effectively market American food and agricultural products that are in demand around the world, NASDA supports expanding MAP funding.
Will the 2023 Farm Bill affect Hemp Producers?
The 2023 farm bill has received many excellent proposals, but the FDA hasn’t actually established any kind of regulatory framework for CBD cigarettes generated from hemp. The US Food and Drug Administration’s tardiness in developing a regulatory pathway for cannabinoids generated from hemp has significantly hindered the development of quality hemp products. According to Mr. Wang, chief executive officer of Ecofibre, the uncertainty and lack of regulation affect both farmers and consumers.