I originally wrote this as a response to another post, but I feel its good information that some of you may find useful.
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Lets touch on a few subjects here in terms of hemp cultivation for 2020.
Market:
CBG markets will see prices fall as supply meets demand.
CBD prices will rise due to the large amount of CBG grown in 2019 and new FDA regulations allowing CBD to be marketed as a dietary supplement.
This should level out the market prices for most cannabinoids.
Regulations:
If regulations change to “total THC” for all states farmers will need to be proactive on field testing and harvest windows. Harvesting will now need to be done at the correct time for their specific target cannabinoid. Harvesting and drying will now need to be done within days, NOT WEEKS!
Failures:
Poor preparation and/or planning
Poor seed or starts
Poor market research (DO NOT GROW FOR THE SMOKEABLE, GRAIN OR FIBER)
Lack of knowledge
Failure to utilize the proper equipment
Failure to join a Co-Op or other equipment sharing groups. (Sharing equipment will be the #1 key to success for farms under 50 acres)
DRYING, DRYING, DRYING!
If you have any questions or need more information, feel free to contact me anytime.
1/3 of the farmers I’ve spoken too who grew in 2019 are not growing in 2020. Many of the traditional farmers are balking at the complexity and risk involved.
Most farmers that I know that are not planning to grow hemp again this year, are farmers that decided to build their model around the smokeable market and are sitting on thousands of pounds of overpriced biomass. Farmers need to think about their models the opposite way, biomass first and then harvest some smokeable as a “bonus crop”.
All the farms last year that followed my advice on this, are happy and preparing for this next season.
Not a chance that cbd prices will rise
Again Thailand columbia south Afrika
Yust to name a few will enter the ratrace this year some cappable of multiple harvest per year
The amount of bio mass still. Cherished by their owners will be released sooner or later and it s a LOT
Soon thc remediation will be available
For most wich will make things even cheaper
Ya, I don’t see prices increasing either. I’m involved in multiple mass scale projects internationally that already are growing new rule compliant hemp with US price goals of $300-500/kg of isolate. That’s after processing in country then exporting…
The hype of cbd is lowering
But it seems some big corps are still betting on cbd enriched beverages wich might get the hype back up
I also treuly believe that consumer prices must drop for cbd to become main stream
And at last any medicinal paper that gets dropped Now can have a huge influence on the market quick
We may be seeing alot of land farmed, but less than 50% of them are completely successful as most are entering the space completely blind. When I say rise, I dont mean back anywhere close to what they were even 6 months ago, but I do see it being a more defined price based on the market value. The market would need to even out for CBD to make sense on the retail market. I see most companies moving over to buying on a “PER MG” basis, rather than “Per KG” or other volume based scale. This would force the wholesale market to reflect the retail market so the industry was profitable as a whole, not just one sector.
Yep, I’ve got to get caught up on the psilocybes. I know that just like cannabis pre-legalization there are those who are light years ahead of the game right now, primed for legalization. An indoor grow of THC flower combined with mass production of mushies in the compost pile would be a hell of a gig to be part of.
