How much is hemp biomass worth?
How much is hemp biomass worth?
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wordsmith
Based on data that were recorded, prices of hemp biomass might climb. From October to December year 2018, hemp biomass has an average price of $54 per pound. And in 2019, it jumped to $57. It is expected to grow beyond $65 per pound on the next record. But this price varies for every location and which part of hemp biomass is it.
amanda.tolar
The short answer here is it’s worth whatever your buyer is willing to pay.
I know that sounds like a cop-out but with the market flood last growing season following the passage of the 2018 farm bill, which allowed for industrial hemp production nation-wide (although a few states still had prohibitions at the state level). There are a lot of farmers holding broken contracts and bags of hemp (myself being one), and unlike other agriculture commodity areas, there’s no national average.
Biomass typically refers to what’s left over after the useful primary parts are harvested… but I’ve heard it used different ways.
Floral material for smoking can go for anywhere between 50-200$ per pound… retail is much much higher as it goes for $35 a gram on average, so the 50-200$ is what’s going to the farmer.
Full plant biomass for CBD typically goes for a bit less than the floral.
Then, the full plant for fiber is less than that.
The leftovers, or what I’ve heard most commonly referred to as biomass is the least lucrative.
But again, those were projections and standards at the beginning of last growing season, right now I couldn’t tell you where things are… there’s so much uncertainty.
Hempmaster3000
Hemp biomass usually sells about 56.00 a pound!
Depending on the market and other factors, though, it could be anywhere from 35 – 75 a pound.
CrayM
As of mid 2019, hemp biomass was being sold for around $350 per pound. In the last six months, this price has decreased by almost 60% and is now selling, per pound, in the low $200s at the start of 2020. This is due to the overproduction of hemp in the past few years which started due to an increase in interest of the product but now that many farmers are planting hemp, the overproduction combined with the lower demand, has created a deflation of the value of the product.