Economics of Producing Industrial Hemp in NYS, 2019 Budgets
John Hanchar, Farm Business Management Specialist
Northwest New York Dairy, Livestock & Field Crops
January 17, 2019
Summary
- Variable costs of production estimates for 2019 are $390, $321, and $296 per acre for industrial hemp for fiber only, seed (grain) only, and dual purpose fiber and seed (grain), respectively.
- Total costs of production estimates for 2019 are $546, $486, and $491 per acre for industrial hemp for fiber only, seed (grain) only, and dual purpose fiber and seed (grain), respectively.
- Returns above total costs estimates for 2019 are $248, $624, and $867 per acre for industrial hemp for fiber only, seed (grain) only, and dual purpose fiber and seed (grain), respectively.
Industrial Hemp Production Budgets, NYS, 2019 (pdf; 280KB)
- Download the 2019 Budgets to help make decisions regarding industrial hemp's place in your croppinig systems
Dairy
Livestock
Grazing
Forages
Grains
Upcoming Events
On-Farm Research Network
March 17, 2025
Avon, NY
The Cornell Cooperative Extension NWNY Program and Cornell Nutrient Management Spear Program (NMSP) are hosting a one-day event bringing together farmers, industry professionals, and researchers to explore the power of on-farm research and how to get involved.
Transition Calf Workshop
March 18, 2025 : Transition Calf Program
Strykersville, NY
Are transition calves a bottleneck in your heifer rearing program? Want to upskill your employees to improve the calf transition period? Join regional dairy specialists and PRO-Dairy for this comprehensive, hands-on workshop!
Colostrum and Calf Technologies
March 18, 2025 : Colostrum and Calf Technologies
Pavilion, NY
Join us for a dinner meeting with Penn State University's renowned calf specialist, Dr. Melissa Cantor, on new applied research on extended colostrum feeding and calf-hood technology use.
Announcements
Follow us on Instagram
See photos and reels of our most recent events and programs!Join us on Facebook!
Follow us on Facebook to get up to date posts about events, workshops and everything NWNY!Add us on LinkedIn!
Connect with us on LinkedIn to get more information about upcoming workshops and programs!