What Could Growing Hemp Do For Your Profitability?

Farm4Profit Podcast

Jan 13 2020 • 46 mins


Understanding The Hemp Industry and It’s Effects on Profit.

  • Introduction
    • Subscribe, Rate, Review, Follow, Share
    • Text 515.207.9640 / E-mail farm4profitllc@gmail.com
  • Answer questions
  • What’s working for Ag – listener or farmer feedback - Tim Couser, Central Iowa
    • Commodity groups, video messaging, staying in shape.
  • It’s not a waste of time if you uncover something valuable-What could hemp do for the industry and your farm.
    • Please introduce yourself, your background with hemp, and your company’s role in the process…..
      • Jeffery Yarosz CEO of www.flura.com
    • Was the 2018 FarmBill a turning point for the hemp industry? Why?
      • Yes, federally legalized the growing.
    • What is hemp grown commercially used for?
      • Nuetrasuticals, paper, plastic, CBD, grains
    • What rate is the hemp acres growing?  Is there demand to help support the growth?
      • Infrastructure is needed
    • What is the best climate to grow hemp in?
      • Plants will be bred to be grown in all climates
    • When grown do you have to use precautions like security fencing, monitoring, etc….?
      • the power of communication is key.
    • Up until lately this process has been very manual including the labor from many people.  What is the industry doing to make the process more automated?
      • Flura is focusing on seed genetics and mechanizing the process.
    • Half of our listener base is from Iowa.  Is this something farmers in Iowa could look at growing?
      • Yes, toughest part will be getting the final product to market.
    • What would the outlet be for sale?
      • Dried down and shipped
    • What is the best way for a farmer who has interest in learning more go about doing that?
      • visit www.flura.com
    • We’ve heard of the expertise being tribal, is it hard to farmers to gain knowledge?
    • Buy seed by the pound/bushel/unit?
      • Where do you buy it?
    • Sell the grown product by the pound/bundle/unit?
      • Where do you sell it?
    • Our podcast is based on profitability.  How can or has growing hemp as a commercial product helped farmers achieve higher levels of profitability?
    • What are the numbers roughly for costs to grow and revenue per acre
      • revenue could be up to $30/lbs sold and an acre can grow 8000 lbs of material
    • Could these prices be tempered as interest spreads for growing the crop?
      • certainly
    • For the listener who doesn’t believe in this market as a viable crop, what would you say to them?
      • try it
    • For the listener who is excited to continue learning more and give this crop a try, what would you say to them?
  • Summarize

  • Challenge
    • What Next?
  • Submit questions and topic suggestions