Agriculture

NASS estimates that the hemp harvest in 2021 is estimated at $ 824 million

The cost of the U.S. industrial hemp crop in 2021 was $ 824 million, the U.S. Department of Agriculture’s National Agricultural Statistics Service said in its first harvest report, which was legalized nationally in the 2018 Farm Bill.

In the United States was sown about 54,000 acres, harvested about 33,500 acres, according to NASS, basing their estimates on a survey sent out by the manufacturer.

For comparison, in 2021, farmers planted more than 317 million hectares of other crops, including 93 million hectares of corn, 87 million hectares of soybeans, 46 million hectares of wheat and 11 million hectares of cotton.

“The cost of cannabis production in the U.S. outdoors was $ 712 million,” NASS said, but there was also a significant amount grown “under protection” – mostly indoors – estimated at $ 112 million.

“Overall, it’s a pretty positive assessment,” said Vote Hemp president Eric Stanstra, whose group speaks on behalf of the crop and its growers. “Significant economic activity is taking place here. It’s nice to see the USDA start covering this. “

The cost of the harvest was based on what was either sold by the producers or expected to be sold.

Despite some remarks in the report, NASS is “pretty confident in the numbers,” NASS statistician Joshua Bates said. “We have received great assistance from our USDA partners and government departments of agriculture.”

Much of the area and value of the crop – $ 687.4 million – is attributed to flower hemp, from which CBD can be obtained for use in topical preparations, food additives and beverages.

In contrast, hemp harvested for fiber amounted to about 12,690 acres, valued at $ 41.5 million. The cost of hemp grown for seed was estimated at $ 41.4 million.

“The release of this landmark report provides the necessary benchmark for cannabis production to help growers, regulators, state governments, processors and other key industry players.” said NASS administrator Hubert Hamer.

“These data will not only manage U.S. Department of Agriculture agencies in support of domestic hemp production, but the results may also help producers make decisions about growing, collecting and selling hemp, as well as the type of hemp they choose to produce,” Hamer said. “The results of the poll may also influence policy decisions in the hemp industry.”

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https://www.agri-pulse.com/articles/17230-hemp-crop-valued-at-824-million-in-2021-nass-estimates NASS estimates that the hemp harvest in 2021 is estimated at $ 824 million

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