Value of hemp production totaled $824 million in 2021
February 28, 2022, Jasper, Florida – The 2021 USDA’s National Agricultural Statistics Service (NASS) released the results of the 2021 Hemp Acreage and Production Survey in its 2021 USDA Hemp Report. This national report is the first of its kind for the federal agency. The survey collected data for hemp grown in the open and hemp under production. Planted area for industrial hemp for all utilization totaled over 52k acres with over 33k of those acres actually being harvested (62%).
The 2021 Hemp Acreage and Production Survey collected information on the total planted and harvested area, yield, production, and value of hemp in the United States. By value, the top utilization for hemp grown in the open was floral at $623 million (76% of the total value)
- Floral hemp production was estimated at 19.7 million pounds; utilized production totaled 15.7 million pounds. Area harvested for floral hemp was estimated at 15,980 acres. The average yield for floral hemp was estimated at 1,235 pounds per acre.
Green Point Hemp (Green Point), is proud to be one of the Southeast’s largest hemp cultivators.
The full report from the USDA and Cornell University can be found here. The 2021 USDA Hemp Report cites work from NASS Administrator Hubert Hamer and others.
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