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USDA Report Values Hemp Market at $824 Million

The US Division of Agriculture (USDA) introduced the true worth of America’s hemp market—and the numbers are telling. Hemp grown for flower, as an example, was way more priceless than hemp grown for industrial functions. Then again, manufacturing ranges are down, in comparison with numbers collected in 2018.

The survey additionally contained different nuggets of data, similar to the truth that hemp producers within the U.S. are predominantly male and that it’s troublesome to make a dwelling within the business with out a aspect hustle.

The USDA’s Nationwide Agricultural Statistics Service sought permission from the White Home in July 2021 to conduct a survey of about 20,000 hemp farmers to assist decide the business’s measurement and demographics. 

On February 17, USDA’s Nationwide Agricultural Statistics Service (NASS) launched the outcomes of the 2021 Hemp Acreage and Manufacturing Survey in its Nationwide Hemp Report. The survey collected information for hemp grown “within the open” and hemp grown “underneath safety.”

Industrial hemp growers planted 54,152 complete acres for all functions, and 33,480 acres of these have been harvested. U.S. hemp manufacturing within the open was valued $712 million in complete. Manufacturing of hemp that was grown underneath safety in america was valued at $112 million. The whole space of hemp fields underneath safety totaled 15.6 million sq. ft.

“The discharge of this landmark report supplies a wanted benchmark about hemp manufacturing to help producers, regulatory businesses, state governments, processors, and different key business entities,” mentioned NASS Administrator Hubert Hamer. “Not solely will these information information USDA businesses of their help of home hemp manufacturing, the outcomes may also assist inform producers’ choices about rising, harvesting, and promoting hemp in addition to the kind of hemp they resolve to supply. The survey outcomes may additionally impression coverage choices in regards to the hemp business.” 

The 2021 Hemp Acreage and Manufacturing Survey collected numerous info together with the entire planted and harvested space, yield, manufacturing, and worth. 

Hemp grown for flower was most beneficial versus different industrial functions—price $623 million (of $712 million) within the open and $64.4 million (of $112 million) underneath safety.

“The USDA has carried out a terrific job of responding to farmer issues, however there are particular points that must be modified within the regulation to cut back the burdens on U.S. farmers,” Jonathan Miller, Basic Counsel of the U.S. Hemp Roundtable instructed Continual Information.

The USDA additionally famous that hemp business growers are predominantly male, amongst different traits. The survey discovered that 82 p.c of hemp producers are male. Additionally they discovered that 52 p.c of respondents reported that farming is their major occupation—that means solely about half of them can maintain their livelihoods with out a aspect hustle. The report additionally comprises further details about hemp producer traits, together with years working a farm, age, and race.

NASS offered the next highlights of the report—divided up by hemp grown within the open versus hemp grown underneath safety.

 U.S. totals for hemp grown within the open in 2021 have been:

  • Floral hemp manufacturing was estimated at 19.7 million kilos; utilized manufacturing totaled 15.7 million kilos. Space harvested for floral hemp was estimated at 15,980 acres. The typical yield for floral hemp was estimated at 1,235 kilos per acre. The worth of floral hemp totaled $623 million.
  • Hemp grown for grain totaled 4.37 million kilos; utilized manufacturing totaled 3.96 million kilos. Space harvested for hemp grown for grain was estimated at 8,255 acres. The typical yield for hemp grown for grain was estimated at 530 kilos per acre. The worth of hemp for grain totaled $5.99 million.
  • Hemp grown for fiber was estimated at 33.2 million kilos; utilized manufacturing totaled 27.6 million kilos. Space harvested for hemp grown for fiber was estimated at 12,690 acres. The typical yield for hemp grown for fiber was estimated at 2,620 kilos per acre. The worth of hemp grown for fiber totaled $41.4 million.
  • Manufacturing of hemp grown for seed was estimated at 1.86 million kilos; utilized manufacturing totaled 1.68 million kilos. Space harvested for hemp grown for seed was estimated at 3,515 acres. The typical yield for hemp grown for seed was estimated at 530 kilos per acre. The worth of hemp grown for seed totaled $41.5 million.

Damaged down by utilization, U.S. totals for hemp grown underneath safety in 2021 have been:

  • Manufacturing of hemp for transplants and clones totaled 20.2 million crops; utilized manufacturing totaled 18.0 million crops. The worth of hemp grown underneath safety for transplants and clones totaled $23.8 million.
  • Manufacturing of floral hemp was estimated at 310,421 kilos; utilized manufacturing totaled 256,124 kilos. The worth of floral hemp totaled $64.4 million.
  • Hemp grown for seed totaled 4,059 kilos; utilized manufacturing totaled 3,121 kilos. The worth of hemp grown for seed totaled $23.7 million.

For extra info, you possibly can entry the total report on the NASS web site at nass.usda.gov. Hemp information can be obtainable in NASS’s on-line Fast Stats database. 

Details about the laws for rising hemp in america is out there on the Agricultural Advertising Service’s Hemp Manufacturing webpage.

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