Our super-Moderator Yortbogey brought this information to my attention and I want to pass it along to all you who are interested.
Thanks Yortbogey!
If anyone else has any resource information this would be a great place to post it
Production
Cultivated industrial hemp plants usually consist of a spindly main stalk covered with leaves. Considered a low-maintenance crop, hemp plants typically reach between 6 to 15 feet in height. Depending on the purpose, variety and climatic conditions, the period between planting and harvesting ranges from 70 to 140 days.
One acre of hemp can yield an average of 700 pounds of grain, which in turn can be pressed into about 22 gallons of oil and 530 pounds of meal. The same acre will also produce an average of 5,300 pounds of straw, which can be transformed into approximately 1,300 pounds of fiber.
Industrial hemp may be an excellent rotation crop for traditional crops, because it suppresses weeds and decreases outbreaks of insect and disease problems. Hemp may also rebuild and condition soils by replacing organic matter and providing aeration through its extensive root system.
Prices
Industrial hemp seed costs up to $1.23/lb. In 2011 prices averaged between $.90 and $1.00.
Financials
Based on most recent production and price averages, the estimated value of hemp per acre is $21,000 from seeds and $12,500 from stalks.
Sources
Canadian Hemp Trade Alliance (CHTA).
European Industrial Hemp Association (EIHA).
Hemp: A New Crop with New Uses for North America, Ernest Small and David Marcus, 2002.
Hemp as an Agricultural Commodity, Congressional Research Service, 2013.
Hemp Industries Association - Association working to change regulations and policies prohibiting the use of hemp for commercial purposes.
Industrial Hemp, Agriculture and Agri-Food Canada, Ontario, Canada.
Industrial Hemp Production in Canada, Alberta Agriculture and Rural Development, 2012.
Industrial Hemp Statistics, Statistics Canada, Agriculture and Agri-Food Canada, 2008.
National Hemp Association, Industrial Hemp Information.
http://www.agmrc.org/commodities-pro...dustrial-hemp/
Thanks Yortbogey!
If anyone else has any resource information this would be a great place to post it