Whitney Economics Releases Results of U.S. Hemp Industry Survey

Key findings of include the fact that in 2019 “65% of farmers who responded to the national survey did not have a buyer” & “there is only one processor for every four growers and the average acres per processor is 138 acres, signifying a major constraint in the hemp supply chain.” The Survey WE_The-Field-of-Dreams_October_2019-1 Here’s the press release in its entirety Survey Says Hemp Industry is Poised to Become the Fourth Major U.S. Crop and a Foundation to American Agriculture November 19, 2019 10:00 AM Eastern Standard Time Economist Clarissa Allen and noted cannabis economist Beau Whitney, of Whitney Economics (WE), today released the results of “The Field of Dreams: An Economic Survey of the United States Hemp Cultivation Industry.” Free comprehensive U.S. hemp cultivation and processing report A top line finding, based on the data from the survey and on research of the overall market, once fully realized, the hemp industry is poised to become the fourth major crop and a foundation to agriculture in the United States. “This, in itself, shows not only the value of the industry, but the significance of the legalization of hemp,” Whitney said. The survey also concluded that, in its first year, even if only…

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