- Thread starter Geo-TH,In
- Start date
I don't know anything about the hemp markets but in general this has always been a struggle of farmers. They find a crop that pays well and grow so much the price drops, or they hear price is dropping and rush their grain etc to market thus a self fulfilling prophecy as the market floods.
OP
OP
Geo-TH,In
Well-known Member
California pot farmers, 3 counties in N California is called the golden triangle.
California law has regulated every aspect of growing pot. Permits required for everying, even to use the water.
The pot grown in California, can only be sold in California. So now California has a glut of pot. So legal pot is beening sole out of state, making it Illegal pot.
geo
California law has regulated every aspect of growing pot. Permits required for everying, even to use the water.
The pot grown in California, can only be sold in California. So now California has a glut of pot. So legal pot is beening sole out of state, making it Illegal pot.
geo
MarkB_MI
Well-known Member
- Location
- Motown USA
Remember when emus were going to be the next big thing? The market collapsed after all the emu ranchers realized the only buyers for their birds were other emu ranchers.
Gary Mitchell
Well-known Member
Sounds a lot like ANY mkt. By the time we hear how great a "new" product is going to be, the insiders already have the rights to the cream. gm
Neighbor over here (so IN) grew several acres industrial hemp. He got it harvested and in the barn it sits. Processor shortage. He called a processor 25 miles west, he said we only take hemp that we contracted for. Guess there are questions about testing for quality. Some are saying the longer the product sits in the barn the higher the illegal THC gets in the stuff. Not good. There is supposed to be a processing plant under construction @ Westfield that is going to take large amounts of hemp and start processing CBD oil by year end. Some unforeseen learning curves for growers looks like.
Fifty years ago a college economics professor made a statement, when talking to a group of us high school kids, that has stuck with me ever since. " I have yet to see any commodity that farmers cannot produce into worthlessness" . Time has proven him right.
The hemp production will settle out. It will not replace the economic value that tobacco had in the southern states. The tobacco industry was centuries old. It was a system that was very mature. So most of the bugs where out of the system.
The producer that stated he wanted to jump from 200 acres to 300 acres and then make a $2000 an acre profit, was smoking some of hemps sister product!!! The only reason tobacco had a profit was the government program controlled production for the last fifty years. So guys did not over produce. The producer talking seems to forget that every single hemp producer is wanting to do the same thing he is wanting to do. So I bet in just a few years there will be a small profit per acre at the best.
The hemp production will settle out. It will not replace the economic value that tobacco had in the southern states. The tobacco industry was centuries old. It was a system that was very mature. So most of the bugs where out of the system.
The producer that stated he wanted to jump from 200 acres to 300 acres and then make a $2000 an acre profit, was smoking some of hemps sister product!!! The only reason tobacco had a profit was the government program controlled production for the last fifty years. So guys did not over produce. The producer talking seems to forget that every single hemp producer is wanting to do the same thing he is wanting to do. So I bet in just a few years there will be a small profit per acre at the best.
Case Nutty 1660
Well-known Member
I would not believe everything posted here you would fall over if you knew how much Colorado has taken in on taxes its not millions its Billions
JD Seller, you are mostly right with that, but you forgot to mention that our government is still doing business with countries that we have embargos on, its just a matter of what we sell them....
That said, farming is not a life style, its a job, which requires management, i have been round and round with my state about how they are all pushing for it to be grown but there is no support structure in place. The more questions i asked, the less they wanted to talk to me. I think there is real merit in hemp production but most of what is done is just feel good legislation with a big case of the look at how forward thinking we are, even though they are not supporting the infrastructure.
Knee jerk reactions, i think infrastructure will catch up and i think the more it is production the more it could expand and there will be a balance. My biggest concern is how much am i making per acre, second is increasing the gross to have an impact on net regardless of product, corn, beans, milo, or hemp..
That said, farming is not a life style, its a job, which requires management, i have been round and round with my state about how they are all pushing for it to be grown but there is no support structure in place. The more questions i asked, the less they wanted to talk to me. I think there is real merit in hemp production but most of what is done is just feel good legislation with a big case of the look at how forward thinking we are, even though they are not supporting the infrastructure.
Knee jerk reactions, i think infrastructure will catch up and i think the more it is production the more it could expand and there will be a balance. My biggest concern is how much am i making per acre, second is increasing the gross to have an impact on net regardless of product, corn, beans, milo, or hemp..
DoubleO7
Well-known Member
- Location
- Crystal River, FL
What is this "support structure" you speak of?
I suspect the market isn't anywhere large enough to support switching millions of acre from corn and soybeans to hemp. Eventually the laws will settle out to allow most people to legally grow a limited amount for their own use if they choose to do so. Much like home brewed beer of making homemade desert wine (those were illegal during prohibition too).
exactly, just because you can grow hemp doesnt mean there is an accessible market, what if there is a oil production facility across the state line, are you breaking the law? state or fed? and the amount of red tape my state gov wants to just be allowed to grow hemp is stupid, let alone the state costs with no return.
I maintain that if there was any real market for hemp products, off shore concerns would have supplied it years ago. I further maintain that the sole reason for the current rush to push the hemp idea is to normalize the idea of hemp to further the idea of pot legalization. I believe the majority of people putting money into this are going to lose.
Vicinalvictor
Well-known Member
It's expensive to raise, and lots of extenuating circumstances involved, like THC content, etc. Not something I would invest in, especially if there is not a local processing plant.
Hey JD, I'm in W. Ky. and dark fired and dark air cured dominates with a little burley. I probably can count 100 barns within 4 miles of me that will be curing tobacco by fire and smoke in the fall. It is a huge farm crop in this area. More tobacco is grown here now than ever before. Most goes to other countries. Hemp has made a big appearance here also but no word yet on profits from hemp.
aFORDable: I have relatives in Southern Ohio. That area was decimated by the collapse of the support program. That area was mainly smaller producers, 5-10 acres on average. I have not talked to the fellows down around Paris or Lexington to see if the contracted growing of burley is going strong there or not. There were contracts a few years ago but they regulated the fertilizer and varieties to the point you could not get maximum yields, #2000 rather than the #3000 per acre. So the labor cost per pound shot up. Mainly cut way back on the nitrate. So many of the contracted guys quit growing it. The average price at the time was in the $1.60-1.80 range.
Pretty much agree with all your points, Bret.
Saw a few 100 acres grown around here, heard there were several thousand acres in the county north.
I?ve heard there were weed issues making the end product less desirable, and the contracts sound shaky as the prices and quality are down, I don?t think anyone is paid
yet....
Artichokes were going to hit it big years ago. And emus. Hum....
Paul
Saw a few 100 acres grown around here, heard there were several thousand acres in the county north.
I?ve heard there were weed issues making the end product less desirable, and the contracts sound shaky as the prices and quality are down, I don?t think anyone is paid
yet....
Artichokes were going to hit it big years ago. And emus. Hum....
Paul
Case Nutty 1660
Well-known Member
a heck of a LOT better for you than alcohol,, if my brother and a number of friends and family had done it they would still be alive today lost my brother at 53 to liver failure from drinking,,
K Effective
Well-known Member
Truer words have never been spoken.
BarnyardEngineering
Well-known Member
- Location
- Rochester, NY
Nothing is good for you. No matter what you do it's all going to kill you some day.
Jim Phelps
Member
See there was his problem, first he should have signed up with one of the several companies that needed hemp growers, second going just CBD was not going to work, down in the western end they are buying hemp for fiber not oil. They are even looking at making building products out of it. If he went into the market on his own without a buyer already line up he screwed himself. Just like tobacco these days, you have to contract up front.
Agreed you can't believe everything posted here. It has not been "billions". Total tax revenue from pot since Colorado legalized pot in 2014 has been 1.1 billion.
https://www.colorado.gov/pacific/revenue/colorado-marijuana-tax-data
Thus far the state has refused to publish the numbers on what it costs to enforce tax laws on pot nor the public cost (health, car accidents, lot productivity).
However - lots of other institutions have - while they are often written off as being antipot but it seems strange the state isn't touting the numbers.
But the measurable stats are not debatable - with pot legalization there has been an increase in youths going to rehab for addiction to marijuana. There have been increases in car accidents. There has been an increase in fatalities related to marijuana. There has been an increase in workplace incidences related to marijuana and a decrease in productivity. And there has been an increase in robberies.
https://www.colorado.gov/pacific/revenue/colorado-marijuana-tax-data
Thus far the state has refused to publish the numbers on what it costs to enforce tax laws on pot nor the public cost (health, car accidents, lot productivity).
However - lots of other institutions have - while they are often written off as being antipot but it seems strange the state isn't touting the numbers.
But the measurable stats are not debatable - with pot legalization there has been an increase in youths going to rehab for addiction to marijuana. There have been increases in car accidents. There has been an increase in fatalities related to marijuana. There has been an increase in workplace incidences related to marijuana and a decrease in productivity. And there has been an increase in robberies.
T in NE
Well-known Member
- Location
- Cambridge, Nebraska
What percentage is going towards caring for the hippies who moved in to smoke pot, and do nothing else, and the California politics they brought with them?
Jim, in all seriousness, people really need to to research this stuff before they buy into it. I have a friend who is convinced that hemp is the miracle plant because of reports he reads in High Times. I'm dead serious. There is a lot of misinformation out there touted as fact that is all based on one study done in 1911 or thereabouts. I don't believe a real market exists for hemp fiber anymore than I believe mutton is going to make a big comeback.
I believe hemp fiber has merit. Not for rope as much as cloth. The stuff is tuff, lasts a long time and can be made almost as soft as cotton. We haven't done much with it because it wasn't around but as it settles into the market I foresee the fiber market overtaking the oil market and this becoming something worth growing if uncle sam can back off a little and not regulate growing it do death.
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