hempbuzz United States (US) 290 Questions 5 Answers 0 Best Answers 40 Points View Profile 0 hempbuzz Asked: February 12, 20202020-02-12T00:29:46-05:00 2020-02-12T00:29:46-05:00In: Farming and Gardening Is growing hemp is it profitable? 0 Is growing hemp is it profitable? growingprofitable Share Facebook 6 Answers Voted Oldest Recent wordsmith 0 Questions 99 Answers 0 Best Answers 201 Points View Profile wordsmith 2020-06-27T09:34:38-04:00Added an answer on June 27, 2020 at 9:34 am Hemp is considered as one of the most profitable cash crops in the world. Research says that 1 acre of hemp generates net profit of around $130 to up to $75,000. However, the profitability of growing hemp varies depending on the purpose of farming and whether it will be CBD oil, fibers, grains, or other products. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Katie Halder 0 Questions 18 Answers 0 Best Answers 36 Points View Profile Saikat Halder 2020-06-22T11:48:29-04:00Added an answer on June 22, 2020 at 11:48 am Hemp is currently one of the most profitable cash crop in many parts of the world. The demand for hemp made products are increasing with every passing year. The demand is much higher than the supply is. That is why a lot of people who grow hemp make big profits by dealing in hemp manufacturing. The hemp and cannabis market is expanding and holds a solid future ahead. So, yes it can be really profitable to grow hemp, if you can do it the right way following all the guidelines. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Seymour Simone 0 Questions 85 Answers 0 Best Answers 172 Points View Profile Seymour Simone 2020-06-22T12:53:16-04:00Added an answer on June 22, 2020 at 12:53 pm Absolutely. Hemp is profitable because of its variability in use. Currently, there is not enough demand. However, in the coming years it is expected that there will be a boom in hemp demand. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Cleverclogs 0 Questions 43 Answers 0 Best Answers 86 Points View Profile Cleverclogs 2020-06-21T14:38:52-04:00Added an answer on June 21, 2020 at 2:38 pm Yes. One of the major reasons the hemp industry is booming right now is due to the huge variety of end uses this material has. Aside from this, it takes roughly 60-90 days to grow, making it a hugely profitable crop that gives farmers the ability to harvest roughly 4 times per year. It’s surge in popularity is set to continue as more people look for sustainable materials to substitute in place of those that are not good for the planet. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Abigail 2 Questions 43 Answers 0 Best Answers 86 Points View Profile Abigail 2020-06-21T10:21:36-04:00Added an answer on June 21, 2020 at 10:21 am Of course it is. As you may know, growing Cannabis in the US has been illegal since 1937. However, in recent years on account of the new hemp enactment, through 2008 Farm Bill, the hemp market has experienced a reborn and right now it is even in its early levels. Nowadays you can say that growing hemp is one of the most advantages cash crops throughout the world. As more states and countries liberate cultivation of Cannabis, the demand goes higher to the point that demand is greater than the supply. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp CrayM 0 Questions 161 Answers 0 Best Answers 342 Points View Profile CrayM 2020-05-03T20:08:22-04:00Added an answer on May 3, 2020 at 8:08 pm The short answer, yes it can be. It is determined predominately by the economics of the situation. In recent years, due to high supply and not enough demand to match it, prices of hemp over have gone down 30%. That being said, it can be highly profitable with an acreage price of $40-50k, although many farmers say you will not reach profitability the first year. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.