Hemp Acres Prices Down 2020
The Mosbys and Riders of Eldorado, Ill., took the 3 acres of hemp they harvested in 2019 down to 2 acres in 2020, planting less than half the crop they did the prior year. They say more hemp plants don’t mean more profit in a market where they lost more money than they made in 2019.
They took a different approach in 2020, and so did the rest of U.S. hemp farmers. While farmers harvested about 130,000 acres across the country last year, the Farm Service Agency estimates the 2020 hemp harvest will be closer to 65,000 acres.