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Hemp Could be a Golden Crop for Farmers

A bill before Congress aims to make hemp cultivation legal. If passed by Washington, the bill may encourage more farmers to grow hemp.

And why not —- the financial potential of a hemp crop is staggering. Some farmers are expecting revenues of $90,000 per acre for hemp, compared with only $600 per acre for alfalfa, which is currently one of the most popular crops in the United States.

There’s even more profit to be made from a properly developed hemp industry. Given full legalization, a revival of such ancillary industries could allow farmers to profit from both CBD oil and what is currently a waste product once the plant is processed, reviving the hemp fiber industry after nearly a century.