How Much Is An Acre Of Hemp Worth?

How Much Is An Acre Of Hemp Worth
In 2021, the value of hemp cultivation reached $824 million – WASHINGTON, February 17, 2022 – Today, the National Agricultural Statistics Service (NASS) of the United States Department of Agriculture (USDA) revealed the results of the 2021 Hemp Acreage and Production Survey in its National Hemp Report.

  • The survey collected information on hemp planted in the open and hemp grown under cover.
  • In the United States, there were a total of 54,152 acres of open-field-grown industrial hemp for all applications.
  • The total harvested area for all purposes was 33,480 acres.
  • The overall value of open-air hemp cultivation in the United States was $712 million.

The overall value of protected hemp output in the United States amounted to $112 million. The overall protected area was 15,6 million square feet. Administrator of the National Agricultural Statistics Service Hubert Hammond stated, “The publishing of this milestone study offers a necessary baseline for hemp output to help growers, regulatory agencies, state governments, processors, and other critical industry groups.” “In addition to guiding USDA agencies in their support of domestic hemp production, this data may also inform farmers’ decisions on the cultivation, harvesting, and sale of hemp, as well as the type of hemp they choose to cultivate.

The poll results may potentially influence hemp sector policy choices.” The Hemp Acreage and Output Survey of 2021 gathered data on the total planted and harvested area, yield, production, and value of hemp in the United States. The most valuable use of hemp cultivated in the open was in the flower industry at $623 million.

At $64.4 million, hemp farmed under protection was mostly used for floral purposes. The poll indicated that 82% of hemp growers are male and that 52% of respondents’ primary occupation is farming. The study also includes other information on the characteristics of hemp farmers, such as their age, race, and length of time managing a farm.

  1. In 2021, the U.S.
  2. Totals for open-air hemp cultivation were as follows, by application: It was projected that 19.7 million pounds of hemp flowers were produced, whereas 15.7 million pounds were used.
  3. The harvested area for hemp flowers was expected to be 15,980 acres.
  4. The anticipated average output per acre for floral hemp was 1,235 pounds.

The entire value of hemp flowers was $623 million. The amount of hemp farmed for grain was 4.37 million pounds, whereas the amount utilized was 3.96 million pounds. The projected harvested area for hemp farmed for grain was 8,255 acres. The projected average production of hemp produced for grain was 530 pounds per acre.

  • The overall market value of hemp for grain was $5.99 million.
  • The amount of hemp farmed for fiber was assessed at 33,2 million pounds, whereas the amount used was 27.6 million pounds.
  • The projected area harvested for hemp farmed for fiber was 12,690 acres.
  • The average fiber hemp production per acre was predicted to be 2,620 pounds.
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The total worth of hemp farmed for fiber production was $41.4 million. The expected output of hemp produced for seed was 1.86 million pounds, whereas the production of hemp used was 1.68 million pounds. The projected area harvested for hemp farmed for seed was 3,515 acres.

The projected average production of hemp produced for seed was 530 pounds per acre. The entire value of hemp cultivated for its seeds was $41.5 million. Utilization-specific U.S. totals for protected hemp production in 2021 were as follows: The overall number of hemp plants produced for transplants and clones was 20,2 million, whereas the total number of plants utilized was 18,0 million.

The entire value of protected hemp farmed for transplants and clones was $23.8 million. The expected yield of hemp flowers was 310,421 pounds, whereas the amount utilized was 256,124 pounds. The entire value of hemp flowers was $64.4 million. The amount of hemp planted for seed was 4,059 pounds, whereas the amount of hemp utilized was 3,121 pounds.

  • The entire value of hemp cultivated for its seeds was $23.7 million.
  • The whole report is available on the NASS website at
  • In the NASS’s online Quick Stats database, there is additional information regarding hemp.
  • Today at 4 p.m.
  • ET, NASS will have a Twitter Stat Chat with Crops Branch Chief Lance Honig to discuss the survey results.

Follow @usda nass on Twitter and use the hashtag #StatChat to ask questions and participate in the conversation. On the Hemp Production section of the Agricultural Marketing Service, information regarding hemp cultivation restrictions in the United States is provided.

How much does an acre of hemp cost?

Types of Hemp – Hemp is available in several forms and has numerous applications. Hemp is a widespread component in cosmetics, construction materials, textiles, fuels, and nutritional supplements, among other products. Manufacturers employ various components of the hemp plant to manufacture these items, and different varieties of hemp plants are required to produce them.

  • In addition, after the passage of the 2018 Farm Bill, cannabinoids generated from hemp have become a more desirable product.
  • Those who seek to produce hemp for cannabinoids such as CBD, however, must cultivate a special form of flowering hemp derived entirely from female plants.
  • Not only are female hemp seeds more expensive than regular grain seed, but they also demand greater care and stricter compliance regulations.
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To further segment the CBD hemp business, two distinct forms are required: smokable hemp flower and CBD extracts. Although extracts require further processing after harvest, smokable hemp production and processing require greater attention to detail at every stage.

For extraction purposes, outdoor or field-grown CBD hemp is recommended by many in the business. In contrast, smokable hemp should only be cultivated inside or in greenhouses, where exact environmental control is possible. Therefore, hemp producers must predetermine the purpose of their hemp harvests in order to more properly forecast their prospective return.

Although fiber and grain crops are easier to cultivate, manage, and process than CBD hemp, the net return will be substantially smaller. That is assuming, of course, that cannabinoid hemp remains compliant.

How Much Money Can I Make? Per-Acre Hemp Farming Profit – Your hemp growing earnings per acre will rely largely on the sort of hemp crop you want to harvest. If you’re fortunate enough to live close to a co-op or hemp mill that can process your grain or fiber to make your crops competitive on the market, the more consistent profits on these crops might be quite tempting.

Who are the largest hemp growers in the United States?

This month, the Brightfield Group published a new analysis titled “Hemp Cultivation Landscape” that indicated, “Depending on quality and output, hemp might generate an average of over $40,000 per planted acre.” According to the study, the arithmetic works like this: The typical number of plants per acre was between 1,500 and 2,000. Leading Cultivators In addition, a sample list of the major U.S. cultivators who have planted over 100 acres was provided. Lilu’s Garden is the largest producer of hemp. According to the corporation, its 2019 crop should yield 50 million pounds of hemp or 1 million kg of isolated CBD.

The hemp is processed at an Owenton, Kentucky facility measuring 175,000 square feet. Lilu has planted a record-breaking 75,000 acres in collaboration with different farmers. There are 19,000 acres of planted land on Eureka 93, which is a consortium of numerous firms. Montana-based LiveWell Canada, Acenzia, and Vitality CBD Natural Health comprise this firm.

It has mining operations in Montana and New Mexico. Integrated CBD produces 10,000 acres of land in Arizona utilizing organic methods. According to the research, Integrated is able to process 200,000 pounds of biomass per day and 1,300,000 liters of distillate annually.

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Crop Infrastructure Corp. farms 2,115 acres in Nevada, while Australian business Elixinol has 4,942 acres in Colorado. Farming Challenges The paper did not shy away from the difficulties of cannabis cultivation. “Hemp farming requires a great deal of human effort, particularly during harvest. Due to the infancy of the industrial hemp business in the United States, there are few options for harvesting machinery, thus some farmers are adapting their equipment to gather hemp flower material (where the CBD concentration is highest) “made available by Brightfield Group Similar to tobacco, the plant requires space between plants, as opposed to maize, which may be cultivated in rows.

The research also observed that some corporations assure farmers that they would purchase their hemp but then back out of the agreement. In addition, there is the question of the plant’s sexuality and cross-pollination. Farmers must allegedly ensure that male hemp plants are not too close to female hemp plants “Despite these obstacles, hemp gives family farms with low maize and dairy commodity prices an opportunity to raise their profits.

Hemp for CBD is several times more lucrative per acre than hemp.” Locally grown Brightfield analyzed where the top 21 U.S. CBD firms get their hemp and found that 69% of these companies received their product domestically. The survey revealed that consumers had a favorable opinion of American hemp. Epidiolex (GW Pharmaceuticals), PlusCBD Oil (CV Sciences), Medical Marijuana, and Nature’s Plus by Hempceutix are the four firms that import their hemp from outside the United States.

Canadian hemp cultivation has decreased from 140,000 acres in 2017 to 78,000 acres in 2018. China tops Asia in hemp cultivation with 250,000 acres. France and Romania each cultivate around 40,000 acres in Europe. Looking Forward The Brightfield Group forecasts “Due to the 2018 Farm Bill and the additional states that implemented hemp laws and legislation before, during, and after the 2019 hemp growing season, acreage will increase significantly from 2019 to 2020.

E.g., Ohio, Georgia, Florida). As more hemp enters the market, prices will decrease and value will shift to processed and branded goods.” Additionally, the corporation anticipates the U.S. will cease importing hemp, hence expanding chances for U.S. growers. There may even be a need for hemp farmed in the United States, creating a market for American farmers.

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