ICBA: Rules should facilitate new hemp market

ICBA reiterated its support for provisions in new rules on a federal hemp production program that would not require suspicious activity reports from banks that finance hemp producers.

ICBA's letter, issued after the USDA reopened its comment period and following an initial comment letter in January, also notes insufficiencies of the crop insurance product for hemp producers and offers additional recommendations to support the new market for farmers and ranchers.