Industrial Hemp for CBD Planning Budget

Editor’s note
The following abstract describes a publication that is only available as a PDF via the “Download this publication” button.

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

Raymond Massey
Professor, Agricultural Business and Policy Extension
Joe Horner
State Specialist, Agricultural Business and Policy Extension

Abstract

This guide presents information useful to farmers considering industrial hemp production for cannabidiol (CBD) in the 2021 crop year. Table 1 presents income and cost estimates for industrial hemp CBD production in Missouri based on prices in October 2020. Industrial hemp is more regulated than most Missouri agricultural commodities. This budgets contain cost estimates for state registration, grower background checks and product sampling and testing costs. It is suggested that producers contact the Missouri Department of Agriculture Industrial Hemp Program to learn the latest regulations surrounding industrial hemp production.

Topics

  • Crop budget
  • Farm budget
  • Industrial hemp for CBD

Pages

  • 3