The largest agricultural holdings of Ukraine are interested in hemp growing, but there are problems in the industry

Large agricultural holdings in Ukraine are showing interest in technical hemp due to its simplified cultivation, high profitability, and drought resistance. However, the lack of experience in growing the crop among agricultural producers and the need for successful examples in Ukraine are preventing a mass entry into the market. The 2023-2024 season is viewed as a test season, with the results determining the future involvement of large agricultural companies in hemp farming.

According to experts, the largest agricultural holdings of Ukraine are already looking closely at technical hemp, but the industry has a number of problems. This is reported by Delo.ua. The reason for interest in hemp is the simplification of its industrial cultivation. Business is also attracted by the high profitability of the culture, the small number of market participants, the unpretentiousness and drought resistance of the plant. Potential hemp farmers face a lack of experience in growing this crop. For many years, it has been engaged in by enthusiastic farmers who are ready to comply with numerous legal prescriptions. After the legalization of industrial cannabis, many agricultural producers want to enter a new business, but they want to see cases of successful hemp farming in Ukraine. Because of this, the 2023-2024 season was considered by entrepreneurs as a test season, and it is the results of the 2024 harvesting campaign that will motivate large agricultural companies ...