Editor’s note
The following abstract describes a publication that is only available as a downloadable PDF.

See the Industrial Hemp Budget (XLSX) for related information.

Ryan Milhollin
Assistant Extension Professor, Agricultural Business and Policy

Juo-Han Tsay
Assistant Extension Professor, Agricultural Business and Policy

Drew Kientzy
Research Analyst, Agricultural Business and Policy

Abstract

Using this budget, growers of industrial hemp fiber can estimate their production costs for 2024. Table 1 presents cost estimates for industrial hemp fiber production based on price conditions in October 2023. Assumptions are summarized in Tables 2 and 3. Use the “Your estimate” column to plan your operation’s costs and returns for 2024.

Topics

• Crop budget
• Farm budget
• Industrial hemp for fiber

Pages

• 2