One of my biggest concerns with hemp production is the barriers to entry, particularly with banking regulations. I have been reading a lot on the proposed rules in Illinois, in addition to federal guidelines, and I am not convinced that we as producers will be protected. Where is everyone going to get their business loans, and how can I go about getting started in this industry? I have access to land and agricultural resources through a family row-crop operation, but my major concern is discrimination in funding by banks because I am wanting to produce industrial hemp.
I would appreciate any input or ideas from other members, and I look forward to hearing your thoughts.