Cultiv8 signs Memorandum of Understanding to secure 250,000 acres of harvest in order to satisfy large orders for biofuels, bioplastics and natural fabrics.
Online PR News – 17-January-2020 – Atlanta, GA/Austin, TX – “FARM TO MARKET SIGNS WITH CULTIV8 HEMP SOLUTIONS TO PREPAY FARMERS FOR INDUSTRIAL HEMP USED FOR FUEL, PLASTICS, FABRIC,”
TEXAS WILL LEAD PRODUCTION OF THE 250,000
CONTRACTED ACRES EXPECTED IN 2020
WITH QUINTUPLE GROWTH EXPECTED BY 2025
(Llano, TX/Atlanta, GA) Cultiv8 Hemp Solutions finalized an MOU in the fall of 2019 with Texas based Farm to Market Hemp to source 250,000 acres of industrial hemp grown for fiber. Cultiv8 plans use within a line of plastic products, fabric materials and energy projects within the United States. Facilities are identified and being repurposed.
Seeing the broken promises to farmers in other states, Farm to Market Hemp Founder, Kristie Mallow, warned farmers to take it slow and test performance on contracts before jumping in to the unbelievable CBD deals being offered since the price of isolate has been consistently falling throughout 2019. Mallow understands the nuances of the cannabis plant and sees the oil craze as the tip of the ice berg. “I would just like to be able to use a plastic bag at the grocery store again or sip a drink through a straw that doesn’t dissolve without feeling like I’m killing the planet in my daily life. Cultiv8 gives farmers an opportunity to contribute to that effort in a real way and I’m proud to connect farmers with this option to produce hemp for sustainable projects that make a real difference in the lives of Texans and also happen to potentially save the environment.”
Cultiv8, based in Atlanta, GA saw press of Texas events and reached out to Farm to Market Hemp to supply a pretty hefty order of 250,000 acres of farmable acreage for 2020 with a desire to grow that by a multiple of five over the next five years in order to satisfy contracts for biofuels, bioplastics and other industrial hemp products being developed with Cultiv8 partners. Steven Fance, Founder and CEO of Cultiv8, offers contracts that prepay farmers to produce hemp on a massive scale in order to feed these projects, with most of Texas hemp being targeted for a coal replacement project for energy. “We are excited to see other companies move into Texas with large projects like ours. We have many markets to disrupt.” Fance says “Working with groups like Farm to Market Hemp who are willing to navigate locally to assist farmers in removing roadblocks to providing this supply is huge for Cultiv8 and we are excited to be working in my home state to fill these contracts. The future is bright for hemp and the future is bright for hemp specifically in Texas.”
Farmers who have attended Farm to Market Hemp sponsored events this summer were the first to receive news of this opportunity while new farmers will be added to the program as 2020 licensure unfolds and additional needs are determined once supply begins to flow. Texas farmers are still waiting on hemp license applications to become available. TDA Commissioner Sid Miller just announced a public comments forum in Waco for January 22nd.
Rene Pena, Founder and CEO of Third Coast Hemp in South Texas says, “This is exactly what we’ve wanted for Texas farmers. Not everyone is interested in the labor-intensive farming for ingestible products nor the volatility of the market in attempting to capture a $50,000 acre at harvest which is quickly falling already today but farmers are looking for ways to maximize their efforts in the field. Our farmers in this region are used to running large equipment with massive scale operations. Programs like Cultiv8 allow our farmers to do what they are good at and make double to triple of any other crop without all the risk of growing for medicinal purposes. Our farmers want a solid buyer and longevity in the contract and Cultiv8 has brought both to Texas farms. South Texas already has the industrial farm infrastructure and the general commodity cultivators along with the logistics and rail resources to lead the charge in the industrial hemp revolution. Look for hemp bio fuels and plastics coming out of this coastal bend region.”
Organizing hemp farm labor and harvest support services will determine the success of 2020, so in an effort to develop the staffing infrastructure, Farm to Market and Cultiv8 sought a veteran staffing firm, Cannabis Staffing Group, a female owned boutique specializing in locating well qualified candidates with the hemp experience needed to be effective.