Hemp vs Soy: Value Chart Comparison
Updated: Feb 1, 2019
American farmers are steadily embracing hemp as an alternative crop for soy. With the passage of the U.S. Farm Bill, let's take a moment to compare the crop values of soy vs. hemp.
"Average costs per acre for soybean ranged from $168 to $204 and average cost per bushel ranged from $3.30 to $4.19. Average returns per acre ranged from $62 to $194." Farm Doc Daily
High CBD cured hemp flowers should bring about $25 to $35 per pound. At one pound per plant and up to 2,500 plants per acre, that's around $60,000 per acre.
View chart value comparison chart 2019.
Crop value comparisons offer insights into changing opportunities for American agriculture. Trends show a rapidly expanding market for high CBD flowers for conversion into raw hemp oils.
New Frontier Data estimates the overall hemp market could triple from its current level to $2.5 billion by 2022.
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Start with high CBD genetics for greatest crop values.