After taking into account production costs that can be anywhere from $300 to $350, farmers can make around $250 to $300 per acre. Check the moisture of the soil by sticking your finger down to the first knuckle. Water your hemp 12–15 in (30–38 cm) throughout the growing season. By some estimates, hemp grown for CBD could be worth up to $30,000 an acre. A new report from the Brightfield Group titled “Hemp Cultivation Landscape” was released this month that suggested, “On average, hemp could command revenues of over $40,000 per acre planted, depending on quality and yield.”. Plant a 10, 20, 50, or 100-acre hemp farm, and you’re looking at a … This cost does not assume costs of equipment, land and water. Production Rate per Acre: 6.9 green tons. Just to get an idea of what that means, an acre of 1,500 hemp plants using 2.5 gallons of water per day during peak season on an eight-hour watering cycle will require 78 gallons of water per minute. One-eighth of an acre (50 feet by 100 feet with 50 cannabis plants) would use 24,000 … Here’s how the math works according to the report: The average number of plants per acre was between 1,500-2,000; The conversion of flower to CBD … Before you plant your first hemp seed, make sure you have adequate water for your crops. Hemp … Hemp fiber sells at an estimate of $260 per ton. It costs approx. Yields of wood per acre per year, is similar and sometimes more than the ones of hemp. Bruce F. Replied June 19, 2017, 4:07 PM EDT. #4 HEMP GROWING COST PER ACRE. Hemp grain/seed market price ranges from $0.60-$0.65 per pound, while hemp farmers get about an average yield of 1000 pounds per acre. The true best case scenario number regarding gross revenue generated on a successful cannabis grow on one acre of land is 2.6 million dollars…At a market value for outdoor cannabis at $1,000 a pound one could grow $60 worth per square foot…43,560 square feet per acre times $60 equals 2.6 million dollars.. Varieties of hemp, whose stems are used for fiber, bio-fuel, or other products, grow to 6-7 feet in height, providing the desired long fibers for industrial processing. Hemp Grain/Seed. Wood uses much higher efficiency converting wood to paper than hemp to paper. Cost of growing and harvesting hemp for seeds or fiber is much lower than CBD hemp growing. This data comes from Ed Wassom, farmer from Colorado (see more here). $ 8000 – $ 12,000 per acre to grow and harvest CBD hemp. Hemp Fiber. Our canvassing indicates that most cannabis farmers grow plants that average between two and four pounds. The picture is wrong, seeded forest is more efficient for paper than seeded hemp. 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