Economics of Producing Industrial Hemp in NYS, 2019 Budgets
John Hanchar, Farm Business Management Specialist
Northwest New York Dairy, Livestock & Field Crops
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
2026 Soybean & Small Grains Congress
February 11, 2026
Henrietta, NY
Participant Registration for the 2026 Soybean & Small Grains Congress NOW OPEN!
2026 Forage Congress
March 12, 2026
Nunda, NY
Due to the unprecedented winter storm that recently impacted travel conditions across the region and U.S., combined with extreme cold temperatures and associated safety concerns, Forage Congress was postponed out of an abundance of caution. This decision was made with the safety of our participants, speakers, staff, and venue partners as the highest priority.
We are pleased to officially announce that Forage Congress has been rescheduled for Thursday, March 12, 2026, and will be held at The Nunda Ranch as originally planned.
Address: 2278-NY 436, Nunda, New York 14517
Sponsorship opportunities, vendor participation, and event registration are now open. We are excited to reconvene this important educational program and look forward to welcoming producers, industry partners, and speakers for a full day of applied, research-based forage systems programming.
From Dry to Fresh: Transition Cow Management Training
March 12, 2026
Albion, NY
This is a 1-day hands-on training in transition cow management offered in English and Spanish.