What is an acre of hemp worth?
What is an acre of hemp worth?
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Hempmaster3000
About 300 dollars per acre after cost are factored in.
Moogdummy
You have to account for what state you’re cultivating your hemp in, but the average amount of hemp an acre produces is roughly $1000. So multiply that by the average amount per acre, a farmer can sell their hemp ($0.50-$0.60/acre), and you’ll they can make an average of $250-$300 per acre. Keep in mind there’s a variety of expenses to consider on top of all this.
amanda.tolar
Whatever someone is willing to pay (:
With all the uncertainty in the market (that was flooded following the 2018 farm bill that allowed for cultivation), there’s no real answer. Unlike livestock and grain, there’s no weekly report to give you a national average. I’ve seen numbers to suggest 2-3,00$, all the way up to 70,000$+. There’s just so much uncertainty and excess currently that it could legitimately be just about anything.
CrayM
Hemp, in the last couple of years, has averaged around 40-50K USD per acre. In the past year or so, hemp prices have decreased due to increased supply due to farmers realizing how much it can be worth and the relative ease to grow compared to some crops. Demand has not caught up to the increased production, decreasing the price that hemp has been selling at.