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Full-Text Articles in Agriculture
The Business Of Hemp In North Carolina: Where The Rubber Meets The Road, Obed Quaicoe, Fafanyo Asiseh, Omoanghe S. Isikhuemhen
The Business Of Hemp In North Carolina: Where The Rubber Meets The Road, Obed Quaicoe, Fafanyo Asiseh, Omoanghe S. Isikhuemhen
Journal of Agricultural Hemp Research
Industrial hemp continues to receive a lot of attention in the United States of America with a projected annual revenue growth rate of 18.4 percent by 2022. The momentum industrial hemp has gathered in the past few years has made it the ‘new lucrative crop’ for people to grow. However, many farmers have jumped into hemp farming without first obtaining a realistic economic analysis of hemp farming. In this paper, we seek to review and explore the economic opportunities and challenges of hemp production as a useful guide for reducing risks and maintaining profitability for farmers in North Carolina. Our …
What Regional Economic Factors Drive Feedstock Cost For Cannabinoid Hemp Processors In The United States?, Tanner Mccarty
What Regional Economic Factors Drive Feedstock Cost For Cannabinoid Hemp Processors In The United States?, Tanner Mccarty
Journal of Agricultural Hemp Research
This study measures the importance of various regional economic and agronomic factors on a grower’s decision to cultivate cannabinoid (CBD) hemp flower in the United States, and its subsequent effect on CBD processor feedstock cost. I use real options analysis to recover the price of hemp flower required to trigger land use change from commodity crop production to hemp flower production across various scenarios endemic to different hemp producing regions. Results suggest the most important factors in determining the price required to trigger CBD floral hemp production are the expected yield of floral hemp and CBD concentrations within it. CBD …