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13 Investigates: Hemp Harvest


>>>THIS WEEKEND, THE INDIANA FARMERS ARE DOING SOMETHING THAT’S NOT HAPPENED IN MORE THAN 80 YEARS.>>THEY’RES HARVESTING A LEGAL CROP OF HEMP. WHY THIS HARVEST COMES WITH SO MUCH EXCITEMENT AND RISK.>>THIS IS A MOMENT JIM HAS BEEN WAITING FOR.>>WE’RE EXCITED TO GET IN AND ACTUALLY HARVEST.>>HE HAS 45 ACRES OF INDUSTRIAL HEMP, AND NOW HIS SONS, DAD AND BUSINESS PARTNERS ARE BUSY CUTTING DOWN 130,000 HEMP PLANTS.>>WE CAN HARVEST PRETTY FAST. CHOP IT DOWN, TAKE IT TO THE BARN, AND HANG IT.>>THE BOTTOM OF THE PLANT, THE DRIED STUFF THERE, SELLS FOR 20 TO $40 A POUND, AND USED FOR THE OIL. BUT THE REAL MONEY IS THERE.>>THE TOP, THE BUDS OFF THE PLANT.>>THEY’RE USED TO MAKE SMOKEABLE CBD, AND THAT SELLS BETWEEN 250 AND $400 A POUND. HE REPLACED HIS FIELDS OF CORP. AND SOYBEANS WITH HEMP. HE’S NOT ALONE. THE STATE ISSUED — LICENSES TO GROW HEMP. THAT’S A SMALL AMOUNT, BUT STILL A BIG DEAL.>>PRIMARILY IT’S A BIG DEAL OF WHAT WE’VE BEEN ASKING FOR IS A CROP ALTERNATIVE.>>JAMIE IS EXECUTIVE DRERTH OF THE MIDWEST HEMP COUNCIL.>>THIS IS AN EXCITING TIME.>>BUT GROWING HEMP IS NOT FOR EVERYONE.>>THE PROCESSING WAS MORE DIFFICULT THAN ANTICIPATED. VERY LABOR INTENSIVE. THE NEW CROP, IT’S RESEARCHED.>>THIS YEAR, MANY FIRST TIME HOOSIER HEMP FARMERS, STRUGGLED TO GET THE RIGHT SEEDS FOR THE CLIMATE, THAT MEANS SOME CROPS HAD TO BE DESTROYED. SOME HAD TROUBLE NOT SEEDING. LIKE JIM.>>I’VE GOT SOME TO LEARN. ESPECIALLY IN A — IN THE FUTURE. AND HOPEFULLY GETS BETTER.>>ESTIMATES THIS INCULPATE HERE, HE COULD BRING IN BETWEEN 1 AND $2 MILLION. ACROSS THE STATE, THE VALUE OF THE CROP IS EXPECTED THE TOP $20 MILLION. NOT BAD THAT’S FOR THE FIRST YEAR, THE FUTURE YEARS, EXPECTED TO BE MORE. CHANNEL 13 EYE WITNESS NEWS.>>UNTIL THIS YEAR, HEMP WAS

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