The oil also is used to produce printing inks, fuel, soap, shampoo and other personal hygiene products. Huston is now using those seeds to grow transplants for CBD production. Each of these three seed oil crops produce between 100 to 120 gallons of oil per acre. Best candidate oil staple crop. $ 8000 – $ 12,000 per acre to grow and harvest CBD hemp. Cost of growing and harvesting hemp for seeds or fiber is much lower than CBD hemp growing. According to Hemp Biz Journal, hemp grain averages $0.60 to $0.65 per pound and an acre of hemp produces about 1000 pounds of grain. Vantreese (1998) reports that hemp seed yields have increased dramatically in recent years. He said a good crop produces about 2,000 pounds of hemp flower per acre for CBD extraction. “There’s no CBD present in hemp seed, so when you press oil out, it’s just a regular soybean-oil-type of product,” Huston says. Yields ranged significantly, from a high of 1,606 pounds per acre in China, where the seed is consumed, to 595 pounds per acre in France, where much of the produc-tion is certified planting seed. This cost does not assume costs of equipment, land and water. “When you’re producing that kind of seed, you’ll probably plant around 300,000 seeds per acre… • Hemp being included in the 2018 Farm Bill has intensified interest. Of this, approximately 75 per cent were variable costs and the remaining 25 per cent were capital or fixed costs. Cannabinoids, or CBDs, are chemical compounds found in hemp plants and are used to treat some common ailments. It takes about 40 pounds of flowers to make a kilogram of CBD oil. ROI on Hemp Fiber. This data comes from Ed Wassom, farmer from Colorado (see more here). It costs approx. If you have an acre of hemp plants, you could yield up to 1,500 pounds of flower and extract approximately 200lbs of crude CBD oil worth about $300 per kilo, earning you about $27,300 per acre based on current Summer 2020 market pricing. Hemp oil is used to create foods such as salad oils and margarine. • U.S. imports of hemp seeds have decreased significantly from all time highs in 2016 of 39.3 million lbs. Traditional hemp, grown for mass market products such as textiles and bioplastics, has a planting rate of 400,000 per acre (roughly 100 plants/square meter), and is drilled in like wheat. It grows tall and you harvest the tops for seed production and then … Chia seed oil currently has too low a production per hectare; acceptability to the marketplace is probably low also. The corresponding costs for hemp seed grown on irrigated land was Total production costs for hemp seed grown on dryland was estimated at $409 per acre or $0.38 per pound of hemp seed produced (Table 7). 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