The hemp market is expected to reach $26.6 billion by 2026. As a result farmers across the country are rushing to the scene, eager to get ahead while they still can. But is the hemp craze really worth it? It takes a lot of time and energy to invest in a new crop. So as a Texas farmer, you have to ask yourself, are there any good reasons for growing CBD seed on your farm that can make it a worthwhile endeavor? The answer is, yes, absolutely. Below, we’ve discussed some of the ways your farming operation could benefit.
Growing hemp seed on your Texas farm requires some major changes on your part. You’ll have to apply for a license, follow protocol for testing and reporting measures required by the Texas Department of Agriculture, and possibly invest in new equipment. But, in the end, your efforts could very well pay off. Growing hemp can be beneficial for many reasons including:
Hemp is an excellent cover crop. It increases biodiversity, smothers weeds, and improves soil health. It can also increase your yields and, in the end, it can be harvested for additional revenue.
Hemp can be cultivated and used to create a variety of products. This includes fiber, hemp seeds (which are high in protein), and therapeutic products. Hemp seed oil is used both in cooking and as a natural herbal remedy.
Hemp uses much less water than other cash crops like cotton, corn, and soy. In the end, conserving water could greatly reduce your operating expenses.
Hemp is a strong, pest-resistant plant. It grows well in most climates, including drier regions of Texas. It requires very little maintenance and will do well in most conditions.
Growing hemp has the potential to be a much more profitable endeavor than the cultivation of many other crops. According to the Hemp Business Journal, farmers can make about $300 per acre in profit if they grow hemp for grain and about $2500 per acre or more if they grow hemp for CBD. For more information about profitability, check out our resources page.
Begin your journey as a Texas hemp farmer. Call CBD Seed Co. today to purchase high CBD seeds or clones for your farm.