U.S. hemp value of production up 40% in 2024
- Jeff Ishee
- May 4
- 2 min read
Data source: USDA NASS
The USDA recently released the National Hemp Report. The Hemp Production, Disposition and Income Survey collects information on the acreage, yield, production, price, and value of hemp in the United States.
The Domestic Hemp Production Program established in the Agriculture Improvement Act of 2018 (2018 Farm Bill) allows for the cultivation of hemp under certain conditions.
The Hemp Production, Disposition and Income Survey provides data about the hemp industry to assist producers, regulatory agencies, state governments, processors, and other key industry entities.
Highlights from the report include:
* All industrial hemp: In 2024, the value of hemp production in the open and under protection for the United States totaled $445 million, up 40 percent from 2023.
* Industrial hemp in the open: Planted area for the Nation in 2024 for all utilizations totaled 45,294 acres, up 64 percent from 2023. The value of hemp production in the open for the United States totaled $417 million, up 46 percent from last year. Area harvested for all purposes in the open totaled 32,694 acres, up 55 percent from 2023.
*Floral hemp in the open: United States floral hemp production grown in the open for 2024 was estimated at 20.8 million pounds, up 159 percent from 2023. Area harvested for floral hemp in the open in the United States was estimated at 11,827 acres, up 60 percent from last season. The average yield for 2024 floral hemp in the open was estimated at 1,757 pounds per acre, up 669 pounds from last year. The value of floral hemp grown in the open totaled $386 million, up 43 percent from 2023.
Grain hemp in the open: National production of hemp grown in the open for grain in 2024 totaled 3.41 million pounds, up 10 percent from 2023. Area harvested for hemp grown in the open for grain in the United States was estimated at 4,863 acres, up 22 percent from last season. The average yield for 2024 hemp grown in the open for grain was estimated at 702 pounds per acre, down 77 pounds from last year. The value of hemp grown in the open for grain totaled $2.62 million, up 13 percent from 2023.
Fiber hemp in the open: In 2024, production of hemp grown in the open for fiber was estimated at 60.4 million pounds, up 23 percent from 2023. Area harvested for hemp grown in the open for fiber in the United States was estimated at 18,855 acres, up 56 percent from last season. The average yield for 2024 hemp grown in the open for fiber was estimated at 3,205 pounds per acre, down 848 pounds from last year. The value of hemp grown in the open for fiber totaled $11.2 million, down 3 percent from 2023.
The complete report can be found here (PDF file) >>
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