[[{“value”:”Aerial view of labyrinth in a hemp field
By Sillerkiil / via Wikimedia Commons
The value of U.S. industrial hemp production reached $445 million in 2024, representing a 40 percent increase over the prior year. That’s according to the National Hemp Report that came out last week.
Total planted area for hemp jumped to almost 45,300 acres, 64 percent higher than in 2023, with harvested area also rising to just under 32,700 acres. Floral hemp has emerged as the industry’s driving force, with production more than doubling to 20.8 million pounds, a 159 percent increase over the previous year.
Feed and Grain Dot Com says both acreage and yield contributed to the growth. Harvested area was up 60 percent, and per-acre yields climbed to 669 pounds to reach 1,757 pounds per acre. The report said floral hemp production accounted for 87 percent of the total value of hemp grown in the open. Seed hemp showed the most dramatic increase in value, surging almost 500 percent to $16.9 million.
(From the National Association of Farm Broadcasters)
“}]] The value of U.S. industrial hemp production reached $445 million in 2024, representing a 40 percent increase over the prior year. That’s … Read More
