How to Increase Profits When Growing CBD Seed In Hawaii

Hemp prohibition was recently ended by the 2018 Farm Bill which has made hemp cultivation federally legal in all 50 states. Now that Hawaii has its own hemp regulatory program, local farmers can tap into this new industry. Growing hemp has its own challenges when compared to other cash crops, but could be very lucrative if you take the time to do your research and prepare for all the various obstacles. Many farmers are wondering– is the hemp industry really that lucrative? It certainly can be, especially for farmers interested in growing CBD seed in Hawaii. Here are our leading tips for increasing your hemp growing profits.

Tips for Improving Profits When Growing CBD Seed In Hawaii

• Make the necessary preparations: Starting or transitioning to a hemp farm will require a significant investment just like any other venture. In order to make sure you’re well prepared for a successful season, you’ll need to make the proper preparations. Take the time to do comprehensive research on hemp including cultivation needs, nutrition regimens, local market overview,  hemp strains, and more. Finding a good network of hemp farmers to learn from is also a great option. Look into different Hawaii hemp associations and social media groups to find local farmers to network with. During your research phase, it’s also a good idea to create an extensive business plan that details your financial planning and all the different items you’ll need to invest and prepare. If this is your first year growing hemp, it might be a good idea to start small rather than big. Consider growing hemp on just a couple acres for the first year so that you’re able to get a better understanding of the crop’s needs and how it grows on your farm.
• Determine the most profitable end product: Hemp can be use for a wide variety of end products including building materials, beauty products, food, CBD, and more. However, the certain hemp-derived end products are valued higher than others. For hemp farmers looking for the most lucrative option, you’ll want to grow CBD seed for CBD production. There are also CBG-dominant strains farmers can grow. Opting for cannabinoid end products can provide a significantly higher ROI than cultivating hemp for other end products.
• Invest in the right CBD seed: Different hemp seeds are needed for different end products. If you’re planning on producing CBD, you’ll need seeds that have been bred specifically for this purpose. CBD seeds with high CBD and low THC ratios are needed in order to produce more CBD extract per acre. Finding the right genetics can help you maximize the return for every crop planted.
• Only purchase feminized seed for CBD production: When it comes to producing CBD, farmers must cultivate female plants only. CBD is predominantly sourced from the flowers of female plants. Male plants produce considerably less CBD, run the risk of pollinating your crop, and lowering the total amount of CBD produced overall. Having a few male plants can drastically cut into your profit margins, so investing in feminized seed is extremely important. No company will be able to provide you with 100% feminized seed but the best ones will be able to get really close. Always ask about feminization rates with any prospective seed company.
• Find the right hemp strain: Hemp strains come in a large variety for you to choose from. You’ll want to consider everything from growing requirements to terpene profiles. Certain hemp strains are better suited for the hot, humid conditions here. Farmers will want to look for mold-resistant varieties that combat the local weather conditions in Hawaii. If you plan on finding buyers ahead of time, being flexible and capable of working with them to grow the right strains can also give you a competitive advantage.
• Don’t forget to consider germinization rates: Germinization is key so that your operation doesn’t take any unnecessary hit. Having a minimal percentage not germinate can translate to hundreds of dollars that you lose in profits for every acre. Always ask about germination rates before you purchase your CBD seed.
• Product diversification: While modern day farmers are less into product diversification, there are numerous benefits that can be reaped by farmers that practice this. Crop diversification can help promote better pest control for one. When it comes to diversifying your hemp crops, consider planting different strains to see what does best on your farm. You can also consider planting CBG seeds to see how they do as well.
• Choosing between CBD seed and clones: Seeds often do best if planting in a greenhouse for the first few weeks. For farmers that don’t have a greenhouse or aren’t capable of investing in one, clones may be a better option for you. Clones are also more ideal if tou’re experiencing delays and are later into the season.
• Find an agronomist: While a highly-qualified agronomist comes with a price tag, first-time hemp farmers may find their services invaluable. An agronomist can help provide your with numerous benefits for maximizing your profits. Their services typically include equipment recommendations, irrigation system recommendations, farm design for maximum cultivation, local advice, soil testing and prep, and more.
• Take every opportunity to ask questions: Make sure you take advantage of every learning opportunity possible. Whether you’re ordering farm equipment or purchasing CBD seed, take the chance to ask representatives all the questions you have. The more resources you have access to, the more prepared you’ll be for improving your profit return.

Work With Hawaii’s Preferred CBD Seed Company

CBD Seed Co. is honored to be the preferred CBD seed company serving the state of Hawaii. Our team is happy to help you with recommendations on how to get the most out of your investment. For more information regarding how to maximize your hemp growing profits, please contact us!