The potential of hemp farming is undeniable. With an average yield of 530 pounds per acre for grain and 33.2 million pounds for fiber, hemp is a lucrative crop for farmers. But how much can you make from hemp farming? It depends on your individual situation and the expenses you incur. Hemp is a versatile crop that can be used to make a variety of products, from ropes to granola and dog treats.
But the most profitable goal of growing hemp is the production of CBD oil and related products. Many producers have already established long-term relationships with domestic hemp producers, but there are still obstacles to overcome. Weeding is one of the biggest challenges when growing hemp. Since there are no approved chemical insecticides or herbicides, farmers must weed by hand every day from June 1 to August, when the hemp plants finally close the gaps in the rows that let in sunlight to weeds.
This labor-intensive process can be costly, but it's necessary for a successful harvest. Another obstacle is finding buyers for your crop. Many American hemp producers have attempted to establish relationships with foreign producers, but this opens up another avenue of obstacles and expenses. At the height of the era of hemp cultivation in the United States, slavery was often used to care for hemp fields. So how profitable is it to grow hemp on several dozen acres? It can be huge, especially if you produce and sell CBD oil yourself. Hemp is a strong renewable competitor against substances harmful to the environment, such as plastic and fossil fuels.
As an industrial producer of CBD, you can use many of the same methods and tools that you used as a traditional farmer. It's important to note that hemp is not the same as marijuana. Hemp grown at this level is treated more as recreational cannabis for dispensary use than as an industrial crop.
