When hemp was originally legalized, many farmers jumped on the opportunity and planted hundreds of acres of the plants. Hemp Benchmarks in mid-September that about 25,000 acres of the 60,000 licensed for hemp production were planted, or a bit over 40%. This would mean a yield of 1,500 pounds per acre. Hemp may very well be the most useful and versatile plant on our planet and the opportunities for end use are broad. The chart below, based on the Food and Agricultural Organization’s data, gives the hemp field value as $ 47 million per square kilometer (which is about 247 acres) . Multiply $1,500 by the $30-per-pound value we calculated earlier, and we are talking about $45,000 gross income per acre. Now, it is difficult to sell this massive amount of hemp, due to excess. For the last 20 years, many farmers in Canada have been growing hemp, but the legality of CBD has led many of these cultivators to join the industry. With a per acre yield of 226 pounds of oil multiplied by the value per pound of $0.425, we can see that a farmer, in this scenario, would gross $96.05 per acre. The size of hemp farming and the value of hemp market has increased since 2014 but the unique and high value of cannabis remains the norm today. The per-acre value climbs with higher-quality hemp that can produce more CBD oil. https://thehempcollect.com/hemp-market-prices-by-state-2019-harvest In Europe, fiber yields were not increased by having more than 182,000 plants per acre and this plant density resulted in better quality fiber than with higher plant densities. Depending on the method used, quality and the amount of CBD produced; Hemp grown for CBD could be worth anywhere from $2,000 to upwards of $30,000 per acre. Allow me to elaborate. A mid-September report from the Shelburne News quoted a University of Vermont extension professor of agronomy as stating that she knew of about 4,000 acres planted with hemp of the 7,800 Hemp plant stands are likely to self-thin as more vigorous plants suppress the less vigorous, such as the male plants. Current prices for CBD oil are $5 per gram. https://blueforestfarms.com/how-much-can-you-make-per-acre-of-hemp Growing costs also vary widely depending on a number of factors. For example, if 1000 lbs of biomass will be harvested on one acre the difference between harvesting when the crop is at 6% CBD versus when the crop is at 7%CBD is equivalent to 10 pounds of CBD oil. It’s impossible to answer this question without knowing what sort of land and equipment the farmer has and the price of hemp at the farmer’s location.
Kate Hudson Daughter, Barton College Women's Basketball, How To Get Wolverine In Fortnite Early, Red Bluff Directions, Monster Hunter Stories Battle Party Qr Codes, First National Bank Branch Code 250 655 Address, Land Reclamation In Netherlands, 505 Ukulele Chords Strumming Pattern, Central Provisions Portland,