Posted by paul on January 25, 2019 at 14:53:26 from (76.77.197.114):
In Reply to: Hemp production-KY posted by sourgum on January 25, 2019 at 09:45:06:
I’d guess in 5 years I’ll need to plant 1/2 the farm in the type that produces oil, since every man woman and child needs about 42 gallons of oil per year.
A quarter of the farm I’ll need to plant to the fiber type, because the potential to put hemp fiber into every bit of concrete, pressed wood, paper product, and tee shirts with cool sayings is going to spring up over night and basically replace every other fiber we have ever used.
And the remaining quarter of the farm I’ll need to plant to the smoking kind, because we need to pacify every American out there with medicinal weed with free joints through the health care system that covers all of us.
Really, it is the only thing any farmer should grow in this country. Tho I’m not sure where the munchies we all will be eating will come from, since well over 90% of the country will be growing one form or another of hemp to meet all the demand out there.
Anyhow, listening to the media blitz, that is what it sounds like?
I got in on a company that was making fiber board from soybean stubble and wheat straw. Those 5-10 years was an eye opener on the fiber market in the USA! Hemp will be used to make some novelty paper and novelty tee shirts for smokers to giggle over. That will be about the sum total of that market, there will be no fiber market to speak of. That ship sailed 65 years ago. It’s done. Hemp fiber sucks to grow, ship, and process. There is no market of any size in the USA for fiber. Run from those offers!
The oil will follow along with the health food stores, as they go it will go. Probably a long term good avenue, but the big money is in the retail, it doesn’t really need all that many acres. Harvesting and handling the wet seeds and getting them dry but keeping them in good condition is a $$$$ challenge, so the grower is last in line to come out good on this. Will be an option tho, and use a few acres. Best potential if you need to jump in on some new fad.
It appears the weed market will expand to all 50 states the way things are going, using the opioid medicines has become pretty deadly and hasn’t worked out as the pharmaceutical companies had hoped, so the country will turn to weed instead now to keep everyone calm. The lines between medical and recreational will blur to nothing and all be called a medicine. As a medicine, the big pharmacy companies are used to making all the money, so not sure much will be left for growers. So far it appears everyone is interested in highly regulating it and passing out licenses to grow it to special friends of friends and keeping this a closed loop. Maybe some day it will be like tobacco was, but it seems big business will be much more involved in it from the start so it doesn’t sound like much of a crop with much of a family farm potential.
Seems there is way more hype than reality on this? I’m all for a new crop and a new rotation, but man I’d be careful.
If you can get in the oil early that has the only real potential to a regular farmer type. Even then new markets can be very fickle, and if you jump in late you will get the high start up costs, and enjoy over saturated commodity low markets and lose out.
I’m old enough to have seen a lot of these fads come and go, it’s always the same, “this time it’s different......”
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