Hemp farming can be manageable if you do your research and develop a scalable plan. Although many factors contribute to successful hemp farming, this article discusses some key steps that should happen before you start the planting process.
Decide Your Hemp Farming Goal
First, decide on your purpose for growing hemp (CBD production, fiber, or seed) and your growing method (outdoor, indoor). This important step will determine some of the other critical decisions you need to make along the way, such as selecting quality seeds for your growing purposes and finding a buyer. Hemp farming experts swear by genetics, so make sure you are purchasing certified hemp seeds. Additionally, check which seeds are approved by your state’s hemp program.
Finding a Buyer
Once you decide on your purpose, seek a buyer for your biomass. It is never too early to start finding a buyer (in the past, this issue has been quite problematic). If you find this aspect of the process overwhelming, seek out the services of an experienced broker. Hemp biomass brokers will make use of their extensive network and knowledge to find you the right buyer. They also assist with letters of intent, contracts, and required resolutions. Their services free you up to spend your time and energy on hemp farming.
Become an Expert on your State’s Hemp Regulations
Learn your state’s licensing and compliance policies in depth. Most states require that growers apply for hemp farming permits, and the application deadline is usually due months before planting season. Confirm your state’s minimum and maximum acreage allowances and other policies before you complete the application. Most programs require that applicants specify the exact amount of acreage by submitting an electronic map indicating cultivation fields or greenhouses.
Knowing this information will help you anticipate upcoming reporting dates and checkpoint requirements. For example, be prepared to submit reports on cannabidiol profiles (called a Certificate of Analysis) and acreage reports. Hemp farmers might be surprised at the number of administrative tasks that come with growing. Fortunately, there are many resources to help make processes such as filing a hemp crop acreage report easier. The U.S. Department of Agriculture also provides guidance on hemp and farm programs that includes reporting on acreage use, crop insurance, loan programs, and other aspects of hemp cultivation.
Final Thoughts on Hemp Farming
Researching hemp farming and making smart decisions early in the year will improve efficiency throughout your growing cycle. Planning ahead will also help you streamline processes, anticipate administrative reporting tasks, and identify potential buyers.
Consult our hemp farming experts who can answer your questions about these processes.
Please contact us to learn more about Fortuna Hemp.
