Farming hemp has much more on the table than just sticking seeds in the soil and watching them grow. Knowing where to begin and the right steps to follow can make a huge difference in taking this venture. Unlike other crops, cannabis cultivation requires special soil testing, preparation, and management throughout the growing season. Farmers must also observe strict laws – from buying seeds, planting, harvesting to selling, and consumption.
The most recent Farm Bill expects every state’s agriculture department to devise a farming plan that meets all USDA hemp farming standards. Once complete, the state must submit its proposal to the USDA for approval before legal hemp farming can commence in the area.
However, states can withdraw from formulating the regulatory program. However, if an area does not develop a hemp regulatory program, farmers may apply for licenses under a federally controlled program instead. Notably, there are many special permits and procedures potential hemp farmers must obtain in addition to a basic hemp licensing.
Understanding legal hemp cultivation rules is paramount to avoid crop destruction, costly fines, program restrictions, or jail sentences. Among them, hemp cannot exceed 0.3 percent THC limit – this magic number separates industrial hemp from marijuana.
The Trick to Successful Hemp Farming
Hemp is an annual crop that thrives in warm weather and well-aerated, loamy soils rich in organic matter. As such, farmers should start their hemp farm endeavor by analyzing their soil and environment. Those who plan to grow hemp indoors or hydroponically will have additional equipment investments to consider, as well.
For the highest chance of success, farmers must do their homework, including but not limited to:
- Creating a business plan for the hemp farm
- Clarifying hemp production goals
- Determining the best soils for hemp or field selection
- Testing the soil
- Preparing the soil, including creating an irrigation & soil nutrient plan
- Investing in top-tier hemp seeds with good genetics
- Timely harvesting, curing, and storage
- Identifying potential customers, etc.
How Much Profit Can Hemp Farming Create?
One of the most common inquiries we receive is how much ROI a hemp farm can generate. Confusion is understandable given that a single acre of industrial hemp can generate anywhere from $150 to $70,000.
Notably, a market research report claims the industrial hemp market worth would be up to $26.5 billion in the U.S by 2025. This means hemp farming might be a highly profitable venture for farmers though it requires thorough planning.
Essentially, hemp business profitability fluctuates depending on what kind of cannabis a farmer chooses to grow and its purpose. Various hemp farming products include CBD oil, fiber, seeds, or other products.
Premium Feminized Hemp Seeds from Fortuna Hemp
CBD farmers must be particular in the seeds they choose. CBD only develops in female plants, and the presence of males can greatly diminish the potential potency of females. As such, CBD hemp farmers should only grow feminized seeds or seed starts, and only from reputable US seed banks.
Reputable hemp seed banks provide strong genetics and reliably compliant hemp seeds. Given the relatively high cost of starting a hemp farm, there is no reason to skimp on seeds that may compromise the whole set-up.
Are you ready to start your hemp farm? Check out our full selection of feminized CBD hemp seeds, or contact us to learn more. We offer the best CBD hemp seeds in America to ensure your hemp farm translates into a true story of hemp farming success.