New York’s Bio-Economy Receives $5 Million Funding for Hemp and Other Materials

New York’s Commitment to Hemp and Biomaterials

New York has announced a $5 million funding initiative to promote the commercialization of products made from hemp and other biomaterials as part of several agriculture initiatives. This move reflects the state’s commitment to creating new market opportunities and supporting the sustainable growth and management of biomass in the burgeoning bio-economy.

Investing in Resilience

Governor Kathy Hochul emphasized that these initiatives are aimed at making the agriculture sector more resilient and proactive against future threats across multiple industries. The state is dedicated to supporting the growth of agriculture and food production through policies and investments that benefit farmers.

The announcement also includes a $2.25 million investment in advancing pest management solutions through Cornell University’s Integrated Pest Management Program.

Hemp Feed Legislation

Last month, Governor Hochul vetoed legislation related to hempseed animal feed, citing the need for further research to ensure animal safety. She pointed to the lack of approval from the U.S. Food and Drug Administration (FDA) as the reason for vetoing two bills concerning the inclusion of hemp seeds in pet food and certain animal feed formulas.

The governor has directed researchers at Cornell to conduct a study on the impacts of using hemp seed or hemp seed products in animal feed in an expeditious manner. This effort is part of a broader initiative to expand the state’s hemp outputs.

It’s worth noting that New York’s hemp harvests have been minimal, with virtually no fiber and hemp seed production. In 2022, the state’s farmers harvested just 120 acres of hemp, all of which were used for CBD flower production, according to the U.S. Department of Agriculture’s National Agricultural Statistical Service.

Source: Governor’s Office Press Release



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