54K Acres of Industrial Hemp Planted in 2021, Worth $712M

54K Acres of Industrial Hemp Planted in 2021, Worth $712M

In 2021, 54,200 acres of hemp were planted for industrial functions in the U.S, valued at $712 million with 33,500 overall acres gathered for industrial purposes, according to the U.S. Department of Agricultures (USDA) National Hemp Report. Hemp flower production in 2015 was valued at $623 million with farmers cultivating 16,000 acres, with a typical yield of 1,235 pounds per acre and a total of 19.7 million pounds grown for flower, the report states.
The production of hemp grown for fiber functions was approximated by the USDA at 33.2 million pounds over 12,700 acres, with a typical yield of 2,620 pounds per acre. The USDA estimates the fiber sector value at $41.4 million.
Production of hemp grown for seed in 2021 was approximated at 1.86 million pounds, with 3,515 acres being utilized for hemp seed. The USDA reports estimates a typical yield of 530 pounds per acre, with an overall worth of $41.5 million.
The company report shows that Colorado led the U.S. in acres of planted hemp with 10,100 however Montana collected the most hemp– 4,500 acres on 7,900 acres planted, the second-highest hemp acreage total planted in the U.S. in 2021. Hemp acreage planted in Texas and Oklahoma each reached 2,800 acres, with 1,070 acres of hemp gathered in Texas while in Oklahoma just 275 acres were gathered.
The report notes that last year, 27 states run under federal standards provided by the 2018 Farm Bill rather of carrying out state rules, while 22 states run under state guidelines allowed under the 2014 Farm Bill. All of the tribes that cultivated hemp in 2015 operated under the 2018 program. Only Idaho did not have actually a controlled hemp program in 2015 but state authorities began issuing licenses last month.This content was initially released here.


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