Commercial Farmer
Member
How do you market it?
- Thread starter Commercial Farmer
- Start date
dr sportster
Well-known Member
Greg , you are hilarious !
Find someone who is already in the busiess. It's not like corn,beans, etc where there are already established markets.where are you? here is western Colorado ,Hemp is booming.hundreds of people are growing it.They are estimateing 10,000 acres will be grown in westCO in 2019.Most 'product' is going out of the area to be processed and marketed.Beware,There are a lot of 'fly by nighters' who will take your crop with a promise,yet you will never see a dime. Be very careful. Do your research.
rustyfarmall
Well-known Member
If you grow it, they will come.
gene bender
Well-known Member
that's easy you live near a prosesser who buys it local so you don't have hauling costs
Article in the local paper says there will be 12,000 acres raised here this year or about 10 times what was grown last year. Two new processing faculties being built. Have a friend who is big in to tobacco and he grew 10 acres of hemp last year , has permit to grow 50 acres this year. He swears his production cost was around 10 thousand an acre but the pay off was also good. Seems to me these folks giving high prices for the seed ect sure are taking a big gamble. I am thinking the market and promoter will burst like a big bubble but sure is going wide open right now. Just pasted a real conservative guy farm that has plenty of money, has his own plane and runway. Guess what the runway is plowed up in strips, going to be 40 acres of hemp. Our for ever morning coffee crowd waitress quit the restaurant to go to one of the hemp growers green house, Making twice what she was at the restaurant.
Traditional Farmer
Well-known Member
- Location
- Virginia
Its surprising how many people are so ignorant they don't know the difference,then again maybe not so surprising.
Traditional Farmer
Well-known Member
- Location
- Virginia
The company here is supplying the seed to the growers as I understand it.As far as it being a bubble I can't think of one thing that farmers grow or raise that hasn't had a price bubble
pop a few times,just the way things seem to work.Looks like the bubble is popping on small dairy farms right now.Typically prices drop quickly and take a long period of time to
go back up.Now people do get crazy when Boer and Kiko goats were first imported some were selling up to $20,000 a head so you knew that wasn't going to hold but things shake out and now typically I get 2.50-$2.80 lb which is good money to me.The state laws now are keeping the Hemp seed scarce since they can't be freely grown and sold most places.
pop a few times,just the way things seem to work.Looks like the bubble is popping on small dairy farms right now.Typically prices drop quickly and take a long period of time to
go back up.Now people do get crazy when Boer and Kiko goats were first imported some were selling up to $20,000 a head so you knew that wasn't going to hold but things shake out and now typically I get 2.50-$2.80 lb which is good money to me.The state laws now are keeping the Hemp seed scarce since they can't be freely grown and sold most places.
Traditional Farmer
Well-known Member
- Location
- Virginia
The Federal Gov't apparently couldn't tell the difference for about 70 years.
MARK ROBKE
Well-known Member
First off,everyone needs to quit calling it pot. IT ISN'T. Hemp has minor amounts of THC-.3% by law. Marijuana has 30% THC. It is grown for-fiber,seed,or CBD oil(cannabidiol). There different varieties for each purpose. And different methods of harvesting. CBD is by far the most labor intensive-similar to tobacco. To market it, you need to locate a processor for your intended purpose. Your extension office may be able to point you in the right direction. BUT-SELLER BEWARE. You need to be very careful about the buyer. I live in Kentucky, and the Ky dept of agriculture has to issue a license to you. You have to attend a class and pay a couple of fees to obtain your license. AND YOUR BUYER HAS TO HAVE LICENSE. There are forms to fill out, and they have to come to your farm and sample it for THC. You have to submit aerial maps(from google earth) of where you plant and store it on your farm. After they sample it, you have 15 days to harvest it or the test for THC is void. If it is over .3%, then the crop has to be destroyed. All of this is remain compliant to federal law. Do your research in your state. KY is way ahead because of the number of processors,and our dept. of ag has been on top of this for several years. Mark.
rustyfarmall
Well-known Member
None of you has ever heard of "smoking a rope"?
How about "ditch weed"?
connor9988
Well-known Member
- Location
- Central Iowa
Commercial Farmer I think Industrial Hemp is another handy tool in the belt of farmers. I would be interested in growing it (If Iowa ever got their state rules figured out on it now that it's federally legal).
Obviously anything a farmer grows has to have a market to sell to for the farmer to attempt to make a profit. I think a good place to start would be historical. When new crops came to America how did their initial markets get created and evolve. I would look at soybeans as they are originally from Asia and were imported initially as a forage crop before utilizing them for their grain.
I have been reading around on some Ag news websites and found lots of articles on the legalization of industrial hemp. There are a lot of government/university test fields going up so that we can re-learn what we lost when it was banned around WWII.
I have heard that the fibrous quality of the plant will wrap around and plug up the feeder house chain on a combine pretty badly though. It would be interesting to experiment with that and see what its all about.
Obviously anything a farmer grows has to have a market to sell to for the farmer to attempt to make a profit. I think a good place to start would be historical. When new crops came to America how did their initial markets get created and evolve. I would look at soybeans as they are originally from Asia and were imported initially as a forage crop before utilizing them for their grain.
I have been reading around on some Ag news websites and found lots of articles on the legalization of industrial hemp. There are a lot of government/university test fields going up so that we can re-learn what we lost when it was banned around WWII.
I have heard that the fibrous quality of the plant will wrap around and plug up the feeder house chain on a combine pretty badly though. It would be interesting to experiment with that and see what its all about.
We have a local general store in southern Indiana selling CBD oil (from hemp) in 3 or 4 oz bottles for 26.99 a bottle.They just started carrying it. The stuff must be good or in short supply to sell at that price. Local paper said 1000 applications have been approved from Kentucky farmers to produce industrial hemp on 42,000 acres in 2019, up from 210 applications on 7000 acres last year. Reminds me of the California gold rush.
BarnyardEngineering
Well-known Member
- Location
- Rochester, NY
1. You have to have a market for it.
2. You have to resist the urge to overproduce it.
Right now there is no market for it, but that will not stop American farmers from quickly figuring out how to overproduce it to the point of worthlessness, like every other commodity.
2. You have to resist the urge to overproduce it.
Right now there is no market for it, but that will not stop American farmers from quickly figuring out how to overproduce it to the point of worthlessness, like every other commodity.
ADB-Ia
Member
- Location
- New Sharon, IA
This hemp craze reminds me of the ostrich business 30 years ago. One of my friends got rich convincing people to raise ostriches. Another of my friends went broke because he believed him.
Traditional Farmer
Well-known Member
- Location
- Virginia
A lot of state legislatures apparently still think it is.
buickanddeere
Well-known Member
Last time I seen the stuff around here . I was bush hogging weeds along the fence lines . I kept thinking there was skunk around somewhere , then noticed some type of weed was in a row and was a different colour . By that time I had mulched $20,000 of glaucoma medication .
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