Love of the hemp plant does not guarantee its success. But in order for a crop to be economically viable, it needs to be financially sustainable.
The Farm Service Agency (FSA) released their initial August planting report yesterday which estimates hemp plantings across all applications at 32,798 acres. Cannabinoids make up 20,131 acres, fiber has 4,185 acres, grain holds 5,409 acres, and seed had 3,072 acres planted. Overall acres are down sharply from the 72,258 (decrease of 39,460) acres reported last year, and PanXchange will break down the details by market segment below.
PanXchange examines a case study of hemp protein use in retail food products by a company named Craft Foods, and why despite its nutritious and delicious nature, it fails the proverbial economic “taste test” for a large-scale outlet for hemp.
Using methods that are both creative while remaining scientific and methodical, PanXchange has managed to find short-term variables that can be pared down into useful numbers. Information from retail estimates and other sources lean towards a slight increase in that projected demand. Factor in more efficient production and better yields; that increase seems minimal compared to the near doubling of the retail estimate to 3.5 billion.
See PanXchange’s Vice President of Business Development, Seth Boone’s comments in the 2021 Hemp Market Webinar.
Enjoy a transcript of a conversation between PanXchange’s CEO, Julie Lerner, and Annie Rouse, Co-founder of OP Innovates, Overcome, Hemp Mellow, and Anavii Market, on Lerner’s latest edition of “Between Two Hemp Stalks.”
Will transforming hemp-based CBD into mildly psychoactive Delta-8 THC save industrial hemp production? It’s complicated.
Today, the PanXchange team has found that over millions of pounds of oversupply have accrued since the 2019 crop and has left the hemp industry itching for a way out.
PanXchange founder and CEO Julie Lerner told DBJ that she sees the lawsuit as frivolous and an attempt to drain her company of valuable resources and prevent it from calling its services what they are.
The CBD/hemp markets, both in finished goods and on the supply side, are in a state of transition.