The Alberta Agriculture and Forestry Department reported an average total production cost for hemp seed grown on dryland in 2015 at $409 per acre.
With an average grain yield of 1,074 pounds per acre, that amounted to $0.38 per pound of hemp seed produced.
How much does hemp seed cost?
Hemp grain can sell for anywhere between $0.60-$0.65 per pound, and on average, hemp farmers get about 1000lbs of hemp grain per acre. After taking into account costs, which can range from $300 to $350, farmers can make around $250 to $300 per acre.
How much are industrial hemp seeds?
The prices, based on import prices and/or prices paid in Canada, were estimated to be 39 cents per pound for seed, $1.20 per pound for certified seed for planting, and $200 per ton for hemp stalks.
How much does it cost to plant 1 acre of hemp?
The numbers of course range pretty widely depending on location, what equipment purchases you need to make, and some similar variables. Different groups have calculated costs for their areas and conditions between $200–1000 per acre, with most averages falling around the $500 mark.
How do you get industrial hemp seeds?
They are obtained by breaking Grass. Planting them on tilled soil plants Industrial Hemp. Industrial Hemp is two blocks tall when it is done growing. Breaking it will drop the 4-6 Industrial Hemp Fiber and 2 Industrial Hemp Seeds.