Hemp Farming and Credit Access in the United States: Developing a Conceptual Framework for Future Research

Buddhika Patalee, Daniel Mooney and Tyler Mark

Journal of Agribusiness, 2022, vol. 40, issue 2

Abstract: This article discusses hemp farming and credit access in the United States. We provide background on hemp cultivation and review existing conceptual models of credit access, highlighting potential applications to hemp farming. The discussion focuses on hemp cultivation legislation, the role of credit in hemp farming, and conceptual models of credit access. The conceptual examination emphasizes investment planning, information availability, and production risks. Agricultural producers rely on credit to obtain capital, expand or diversify their operations, and manage risk. Limited access to traditional credit for hemp cultivation increases the use of nontraditional credit, attracts equity from outside of agriculture, and leaves growers vulnerable to risk. Past research on the credit landscape for hemp is limited. We summarize recent developments and review conceptual models to identify opportunities for further research.

Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/387628/files/Patalee.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:387628

DOI: 10.22004/ag.econ.387628

Access Statistics for this article

More articles in Journal of Agribusiness from Agricultural Economics Association of Georgia Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().