Industrial Hemp for Fiber Planning Budget
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Professor, Agricultural Business and Policy Extension
State Specialist, Agricultural Business and Policy Extension
Using this budget, growers of industrial hemp for fiber can estimate their production costs for 2022. Table 1 presents cost estimates for industrial hemp fiber production based on input price forecasts in October 2021. Production and necessary inputs are poorly documented for Missouri. Information from Missouri and other states have been used to develop this budget. Farmers should understand production assumptions used in this budget may not describe their production activities. Assumptions are summarized in Tables 2 and 3. Use the “Your estimate” column to plan your operation’s costs and returns.
- Crop budget
- Farm budget
- Industrial hemp for fiber