The USDA’s 2023 Hemp Production Season Report shows that overall, across sectors, the value of hemp crops is increasing. However, hemp production continues to outpace sales.
Data Sources and Withheld Information:
The report was compiled from data collected from operator-reported surveys, hemp
producer data reported to the FSA, reports from insureds participating in the Hemp
Actual Production History pilot and data reported by tribal governments and State
Departments of Agriculture. The USDA withheld some information to avoid disclosing
data for individual operators. Where the USDA withheld such data, the symbol (D)
replaces the field where a percentage value would be.
Key National-Level Findings:
1. For industrial hemp grown in the open nationwide, the percentage of acres
harvested rose by 15.5%, and the value of utilized production went up by 21.6%.
2. The percentage of industrial hemp for fiber harvested but not sold
increased, while the value of utilized production decreased.
3. The amount of industrial hemp for seed harvested but not sold
increased, although the value of utilized production increased.
4. The amount of industrial floral hemp harvested but not sold decreased,
and this sector’s value of utilized production increased.
Oregon-Specific Takeaways:
1. Oregon ranked number three for states with the largest industrial hemp production grown in the open (considering acres planted and harvested), behind only Montana and South Dakota.
2. Oregon ranked second among states with the greatest production of industrial
hemp grown under protection (measured in square feet), although its area in
production fell 52.5% from 2022.
3. Oregon ranked first out of the 50 states for the production of industrial floralhemp grown in the open, with the yield (measured in pounds per acre) and
the total output (measured in units per 1000 pounds) increasing. The value
of utilized production went up 68.4% from 2022. However, the amount harvested
but not sold also went up, but to a lesser extent, at 21.9%.
If you need a detailed breakdown of the USDA’s 2023 Hemp Production Season Report or advice on how these production and market trends might impact your business, schedule a consultation with AgHS today at 202-656-7023. You can also contact us by email at campaigns@agriculturalhempsolutions.com.
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