Median acreage of US hemp operations decreases, but typical acreage rises

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The median acreage planted by U.S. hemp operations decreased among 2018 and 2019 whilst the typical size elevated – a trend driven by each the dangers and possibilities linked with hemp production.

According to the 2019 Hemp & CBD Market Factbook, the quantity of little-scale growers operating in the hemp space surged among 2018 and 2019, driving down the median acreage of hemp operations but escalating the typical acreage.

The Hemp & CBD Market Factbook, released final week, compared the benefits of a survey of U.S. hemp operators in 2018 with figures from 2019.

The survey identified that respondents had planted a median of 10 acres of hemp in 2019, down from a median of 20 acres in 2018.

But whilst the median acreage has decreased, typical acres planted elevated 54% among 2018 and 2019 – from 77 to 119.

This is simply because current hemp cultivators have expanded their operations at the very same time smaller sized growers have begun operating.

The diverging trends in median and typical hemp acres planted are probably the outcome of hemp farmers getting into the marketplace with low acreage and scaling up more than time.

Provided how experimental and risky hemp presently is, and with restricted seed availability and tiny agronomic information to go by, farmers are getting into the marketplace with fairly couple of acres.

More than time, immediately after studying how to greatest cultivate hemp on their land, they are scaling up considerably.

Here’s what else you can find out about the hemp sector in the 2019 Hemp & CBD Market Factbook:

  • It is estimated that retail sales of CBD will raise 133% in 2019 more than 2018 – due in portion to increasingly quick retail access to CBD.
  • Even though making hemp for fiber/stalks and seed/grain has a decrease production price than making hemp for flower, the vast majority of producers – motivated by financial and regulatory forces – are increasing hemp for flower.
  • Collectively, hemp farmers are expecting their 2019 per-acre income to double that of 2018, with hot customer demand for CBD viewed as the driving trend behind this belief.

The second annual Hemp & CBD Market Factbook can be purchased right here.

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Categories: Charts, Information, Featured, Hemp Cultivation, Processing & Extraction News

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