Hemp is being heralded as the country’s new cash crop. Because of the rising popularity of CBD, many farmers who have grown cotton, corn, wheat, and other plants are now switching to hemp. Many of these farmers are struggling financially, and have hopes that hemp can pull them out of their deficit.
But how much can one actually make from growing hemp? What is the per acre profit for CBD rich hemp seeds? Here’s what you need to know.
If you’re thinking about switching to growing hemp, you probably have questions about it’s profitability. Switching to hemp requires an investment in new equipment, cultivation techniques, and possibly even additional labor. So is it worth it to change over?
Unfortunately, there’s really no cut and dry answer. It all depends on the situation. Farmers who purchase high quality seed or clones and practicing the proper techniques have a high chance of turning a considerable profit. However, CBD content varies considerably depending on growing techniques, nutrient regimes, sampling protocols, drying method, and post-harvest handling. So truly, it all depends on how you go about the process.
Gross profits for hemp grown for CBD vary from about $3,000 to $24,000* per acre. Profits are dependent on CBD content, the techniques and processes used, and the expenses involved. It also depends on whether you’re growing plants from feminized seed, regular seed, or clones. Here are the averages for each:
Of course, the cost of the seed or clones, and additional expenses have to be taken into consideration. Clones are typically the most expensive to purchase, followed by feminized seed, with regular seed being the cheapest. Climate and weather can also affect cannabinoid content.
*Please note, these numbers are a rough estimate, and are not to be used in lieu of actual data. For more detailed information, please read our page on testing and profitability or contact our office.
Profits are highly dependent on the quality of seeds or clones purchased. Even if you use all the right techniques and equipment, if you don’t start with good seed, your profits are going to suffer. Because of the amount of vendors selling poor quality seed, it’s important for farmers to be wary about who they buy seed from, and only purchase products from a vendor they can trust.
CBD Seed Co. provides high quality CBD-rich hemp seed and clones to U.S. farmers. Contact us today to purchase seeds for your farm.