Georgia farmers that are interested in adding hemp to their existing crops or would like to transition completely have the opportunity to do so through the state’s hemp regulatory program. While the hemp industry has a lot of growth and potential, farmers interested in joining this sector have a lot of research to do and things to consider. Hemp cultivation faces its own set of obstacles from strict regulations to different cultivation requirements. For farmers looking into growing CBD seed, here are our top 10 tips for maximizing profits.
How to Maximize Profits for Growing CBD Seed In Georgia
- Spend the proper time preparing and researching: Before you make the investment to cultivate hemp, it’s important to know what you’re getting into and be well prepared. In order to do so, you’ll want to learn everything you can about hemp. This includes cultivation requirements, different growing cycles, hemp strains, as well as your specific climate needs. During this researching stage, finding local hemp farmers to network with and get advice from is also a great idea. You can join different hemp associations as well to create this network. Another thing you’ll want to consider is creating a budget and business plan. This will help you prepare financially while helping you sort out any potential challenges while you’re still in the planning phase. We always recommend starting small to give yourself the opportunity to learn and experience a trial run before investing a lot of money.
- Pick a profitable end profit: For maximizing profits, you’ll need to pick a profitable end profit. While industrial hemp has countless applications ranging from food to textiles, these end profits won’t offer the same profit returns as CBD and other cannabinoid products. Lesser-known cannabinoids like CBG and CBN are becoming more and more popular, so these may provide another avenue for you to look into.
- Invest in the right CBD seed: Whatever you decide for your end product, you’ll need to invest in the right seed to do so. The higher CBD ratios you can find, the more CBD you’ll be able to produce by harvest. Finding specialized CBD seed that’s been bred for this purpose can help you maximize your profit returns. If you’d like to grow hemp for CBG production, you’ll need to find CBG-dominant seeds instead.
- Research the right hemp strain: You’ll want to take the time to research different hemp strains in order to find the most profitable one for your farm. Each strain varies in potential medicinal properties, flavors, terpenes, etc. They also vary based on their resilience to certain climates and weather conditions. For Georgia hemp farms, you’ll want to look for mold-resistant strains since the climate here can make crops more susceptible to these concerns.
- Always opt for feminized CBD seed: Understanding hemp plant biology is key– hemp plants can be female, male, or hermaphrodites. For those cultivating for CBD production, you’ll want to focus on female plants since CBD is sourced from the flowers or buds of females. You do not want any male hemp plants on your farms since they produce minimal CBD content and pollinate female plants, causing them to produce less CBD. Purchasing feminized seed can help minimize the risk of males. Work with a seed company that has very high feminization rates.
- Purchase hemp seeds with high germination: Make sure to also ask regarding germination rates when speaking to seed companies. Their germination rate should be really high as well to help minimize any potential losses at the start of your season.
- Consider product diversification: Farming diversification offers numerous benefits for helping farmers manage the various changes that can happen in consumer segments, the marketplace, and extreme weather events. Consider experimenting with different hemp strains, different cannabinoid-dominant seed, and other creative ways for attracting new buyers.
- Choose the best option between seeds and clones: CBD seed tends to do better if started in a greenhouse. However, many farmers don’t have these or don’t have the finances to invest in one. If you don’t have a greenhouse, think about investing in clones. Since clones are already germinated, you won’t have to worry about germination issues or weather conditions interfering.
- Work with an expert: If this is your first year growing hemp, it might be a good idea to work with an agronomist. The only downside of working with a well-experienced, knowledgeable agronomist is the financial cost. However, they will provide the comprehensive support for ensuring a successful harvest. Agronomists can help you test and prepare your soil, recommend the right equipment, consult on irrigation systems, provide farm design suggestions, and deliver local advice regarding regulations, compliance, and more.
- Always ask questions: Asking a lot of questions is a great way to learn more about this trade. Being as knowledgeable as possible can better prepare you for your upcoming season. Take advantage of any learning opportunity you come across, whether that’s the farming equipment manufacturer or CBD seed company.
Work With Georgia’s Preferred CBD Seed Company
CBD Seed Co. is honored to be the preferred CBD seed company serving the state of Georgia. Our team is always happy to help you find better ways of maximizing your profits. Work with our industry-leading hemp farmers for the advice and support you need for the best ROI. For more information on tips for improving hemp growing profits, please contact us!