Two Rivers Water & Farming Company (OTCQB:TURV) announced it has entered into a crop share agreement for 2018 with an undisclosed hemp grower in Colorado.
As quoted in the press release:
Wayne Harding, Two Rivers’ CEO stated, “That while Two Rivers is no longer active in direct farming operations, we see opportunities to lease out our land and water, as we have done with our acreage at Butte Valley in Huerfano County, Colorado.” The lease with the hemp farming organization calls for up to 6 acres of high-quality CBD hemp plants. Two Rivers will share in the profit of the hemp production.
Two Rivers owns over 200 acres in the fertile Butte Valley area and plans to expand our hemp crop share program if the 2018 crop harvest proves successful. Two Rivers also has additional land and water in Pueblo County for further expansion.
The United States hemp industry is in its infancy and is the future of agriculture in Colorado. Colorado is one of a handful of states that allow hemp production and has a group in the Colorado Department of Agriculture dedicated to assisting hemp growers.