What do hemp farmers make per corp?
What do hemp farmers make per corp?
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acevedobenitez
Depending on the business mold that they follow, and industrial hemp farmers can make a lot of money in the growing hemp market. The key I would think would be getting with a high-level distributor to get your raw hemp products into manufactures’ hands to grow your monetary value. If people do not want things made out of your raw products, you will not make that much.
MarcLouis
It is stated that, on average, a hemp farmer will make anywhere from $40,000 to $50,000 per acre. That is 40 times what the average acre of corn is said to make. It is essential to know that hemp seeds are costly, however, ranging from $1 to $2 per seed. A pound of hemp sells on average for around $56.
Abe
Anyhow, it shows that farmers are a little bit complaining about the payment of which is a dominant fact for their perspective toward the hemp industry. Reports approved that industrial hemp production may bring its best payment range between $40,000 to $50,000 per acre in contrary to others that said corn brings right around $1,000 per acre. Other farmers around the countryside of state mentioned they sincerely doubt the first harvest could ever make it profitable.
Jade
Someday, industrial hemp might make between $40,000 and $50,000/acre (corn makes $1,000/acre). But hemp farmers say their first hemp harvest is seldom profitable.
CrayM
It all depends on the industrial properties surrounding the hemp industry at the time. In the past few years, supply for hemp has gone up exponentially while demand has not met it, creating a 30% decline in prices for hemp products. This being said, it can be very profitable with the high end of an acre of hemp selling for $40-50k.