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Economics of Producing Industrial Hemp in NYS, 2019 Budgets

John Hanchar, Farm Business Management
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



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Announcements

The NWNY Team is Hiring!

The NWNT Dairy, Livestock and Field Crops Team is currently looking for a Field Crops Specialist.

As the Field Crops Specialist, you will provide commercial crop growers, producers, consultants, and industry representatives with the knowledge and educational resources necessary to assess production and management practices. You will focus on developing an education and applied research program in the areas of forage production management, soil health/nutrient management and advancing the principles, applications and implementation of precision agriculture technologies for growers. Other responsibilities include:
  • Providing producers and industry with a framework to analyze production and management alternatives and maximize profit opportunities based on emerging best-management practices.
  • Analyzing and evaluating major program efforts with the input of all program partners and making recommendations for enhancing these efforts.
  • Participating in regional, statewide, and national workgroups.
  • Initiating and conducting field demonstrations and in-depth applied research projects appropriate to the needs of commercial crop production.
  • Individually and collaboratively exploring and pursuing new and additional funding sources to enhance and extend program opportunities.
  • Planning and implementing educational programs utilizing a variety of methods, including direct teaching through group experiences, social media, newsletters, electronic technology, use of the internet, and distance learning.
  • Preparing quarterly reports and yearly impact statements on program progress and accomplishments.
This position is full-time and will be located in Mount Morris, New York. This is a three-year appointment with possible extension depending on funding and performance. Applications must be submitted by July 31, 2021.

For full position description and how to apply, visit: https://academicjobsonline.org/ajo/jobs/18630


*NEW* The NWNY Team Blog!

Our goal for this blog is to share with farmers and allied industry professionals, technical and applicable resources regarding all aspects of dairy farming, livestock and small farms, field crops and soils, and topics related to farm business management and precision agriculture.

The blog will feature Crop Alerts, Dairy Alerts, Bilingual (Spanish) Resources, Upcoming Events and more from our team members. This blog is free for everyone to use, explore and enjoy. When new material is published, subscribers will receive an email notification.

We hope you enjoy this new platform, and are looking forward to engaging with you in the future!
https://blogs.cornell.edu/nwny-dairy-livestock-field-crops/


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