Industrial Hemp for Fiber Planning Budget

Editor’s note
The following abstract describes a publication that is only available as a downloadable PDF.

See the Industrial Hemp Budget (XLSX) for related information.

Raymond Massey
Professor, Agricultural Business and Policy Extension

Joe Horner
State Specialist, Agricultural Business and Policy Extension


Using this budget, growers of industrial hemp fiber can estimate their production costs for 2023. Table 1 presents cost estimates for industrial hemp fiber production based on price conditions in October 2022. Available information from Missouri and other states have been used to develop this budget. Assumptions are summarized in Tables 2 and 3. Use the “Your estimate” column to plan your operation’s costs and returns for 2023.


  • Crop budget
  • Farm budget
  • Industrial hemp for fiber


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