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
Upcoming Events
Cornell Cow Convos Podcast- Episode 7 Release
March 28, 2024
Cornell Cow Convos-Episode 7
Fertilizer Training Program
April 5, 2024 : Fertilizer Training Program
Canandaigua, NY
PRE-REGISTRATION IS HIGHLY ENCOURAGED
Livestock Grazing for Beginners
April 11, 2024
Lockport, NY
$10 registration
Hosted by CCE Niagara
Register Here
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!