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First USDA hemp survey sets benchmark

todayFebruary 22, 2022 22

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First USDA hemp survey sets benchmark

The USDA has released its first initial survey of industrial hemp production since a domestic hemp production program was established in the 2018 Farm Bill.

The total value of industrial hemp was estimated at $824 million in 2021 with the largest portion used for fiber, followed by floral production for products like CBD oil.  Floral production generated the largest value.

More than 54,000 acres were planted in the open last year with more than 33,000 acres harvested.

…

Written by: Leah Jones

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