Value chains for the Missouri industrial hemp industry : guide for entrepreneurs to understand the value chains and business opportunities in offering fiber, grain and cannbinoids
"Industrial hemp acreage has expanded rapidly in the U.S and is expected to expand further. Exhibit A1 shares the number of licensed industrial hemp acres in leading states from 2017 to 2019. Note, not all licensed acreage is planted and successfully harvested. With no official estimates available, this report's authors estimate that approximately 130,000 acres were harvested in the U.S. in 2019. A majority (more than 80 percent) of the U.S. industrial hemp acreage in 2019 was estimated to be grown for cannabidiol (CBD) extraction. ... Hemp production for seed, fiber or cannabinoid extraction will expand at different rates dependent upon relative profitability, agronomic complexity and processing growth. With no limit on state licensed acreage, many Missouri growers are expected to explore hemp production. Missouri producers may experiment with small acreages until they understand the agronomics well and have access to proven harvesting and storage solutions. Larger acreage for CBD production may be initiated in regions bordering existing hemp production states. Producers in these areas may enter into contracts with existing processors that have field advisers and post-harvest drying and storage solutions. Grain acreage can expand and supply nearby or distant processors as farmers incrementally learn to grow the crop. Fiber hemp acreage will expand in areas with close proximity to decorticators. The following sections detail opportunities and challenges with Missouri's industrial hemp value chains. The discussion includes example costs of hemp processing, potential opportunities for agricultural entrepreneurs to investigate and pathways to collective entrepreneurship."--Introduction.
Archive version. For the most recent information see extension.missouri.edu.
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