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Hemp Milk a Billion Dollar Opportunity for Farmers

Hemp Milk a Billion Dollar Opportunity for Farmers

Hemp milk and associated protein products could add $1 billion to New Zealand's agricultural economy, ALCP Leader Julian Crawford says.

Proposed changes to food regulations by FSANZ are set to make Hemp the most important cash crop for Kiwi farmers.

Hemp protein contains all nutritionally significant amino-acids, including the nine essential ones.

“No farmer in New Zealand can afford to ignore the opportunities presented by Hemp, especially for protein products,” Mr Crawford said.

“ALCP's shadow budget allocated $50 million in subsidies to Hemp farmers to cover set-up costs and licence fees.”

The news that food regulations may be relaxed, in January 2015, for Hemp protein comes at the same time as global dairy prices are falling.

Hemp milk is already in demand both domestically and internationally.

Licences to grow hemp are available from the Ministry of Health.

http://www.health.govt.nz/our-work/regulation-health-and-disability-system/medicines-control/hemp-industrial-hemp

ENDS

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