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
Upcoming Events
Hands-On Calving Training - Yates County
August 7, 2024 : Hands-On Calving Training - Yates County
Benton, NY
To assist or not to assist? That is (one of) the questions dairy farm personnel have while working in the maternity area on a farm.
This workshop will teach best calving management practices to minimize stillbirth rates and improve calf and cow health during and directly after the calving process.
Hands-On Calving Training - Genesee County
August 8, 2024 : Hands-On Calving Training - Genesee County (English)
Batavia, NY
To assist or not to assist? That is (one of) the questions dairy farm personnel have while working in the maternity area on a farm.
This workshop will teach best calving management practices to minimize stillbirth rates and improve calf and cow health during and directly after the calving process.
August 8, 2024 : Hands-On Calving Training - Genesee County (Spanish)
Batavia, NY
Hands-On Calving Training -Livingston County
August 14, 2024 : Hands-On Calving Training - Livingston County (English)
Pavilion, NY
To assist or not to assist? That is (one of) the questions dairy farm personnel have while working in the maternity area on a farm.
This workshop will teach best calving management practices to minimize stillbirth rates and improve calf and cow health during and directly after the calving process.