Texas hemp growers are asking Governor Greg Abbott to veto a bill that would ban hemp sales in the state.
Industry groups collected nearly 150,000 signatures over the bill, which bans hemp-derived products. The Texas Hemp Business Council warns that if signed into law, it could wipe out $4 billion in revenue each year, along with more than 50,000 jobs.
They also warn a ban could open the door for more unregulated products in the state.
Related Stories
Slower grain movement may pressure basis, but falling diesel prices could help offset transportation costs.
Fertilizer markets face uncertainty after President Trump raised the possibility of tariffs on Canadian imports, with analysts warning of supply and pricing risks. Josh Linville with StoneX provides a fertilizer industry outlook.
A new study found that retaining the EPA’s half-RIN credit protects soybean demand, farm income, and crushing-sector strength while preserving biofuel market flexibility.
The U.S. has a bountiful corn supply, but markets are waiting for the January WASDE Report, which will include updated yield estimates.
Freight Softens as Producers Plan 2026 Budgets Nationwide
“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.