About this episode
Understanding The Hemp Industry and It’s Effects on Profit. Introduction Subscribe, Rate, Review, Follow, Share Text 515.207.9640 / E-mail farm4profitllc@gmail.com Answer questions What’s working for Ag – listener or farmer feedback - Tim Couser, Central Iowa Commodity groups, video messaging, staying in shape. It’s not a waste of time if you uncover something valuable-What could hemp do for the industry and your farm. Please introduce yourself, your background with hemp, and your company’s role in the process….. Jeffery Yarosz CEO of www.flura.com Was the 2018 FarmBill a turning point for the hemp industry? Why? Yes, federally legalized the growing. What is hemp grown commercially used for? Nuetrasuticals, paper, plastic, CBD, grains What rate is the hemp acres growing? Is there demand to help support the growth? Infrastructure is needed What is the best climate to grow hemp in? Plants will be bred to be grown in all climates When grown do you have to use precautions like security fencing, monitoring, etc….? the power of communication is key. Up until lately this process has been very manual including the labor from many people. What is the industry doing to make the process more automated? Flura is focusing on seed genetics and mechanizing the process. Half of our listener base is from Iowa. Is this something farmers in Iowa could look at growing? Yes, toughest part will be getting the final product to market. What would the outlet be for sale? Dried down and shipped What is the best way for a farmer who has interest in learning more go about doing that? visit www.flura.com We’ve heard of the expertise being tribal, is it hard to farmers to gain knowledge? Buy seed by the pound/bushel/unit? Where do you buy it? Buy it by the pound. www.flura.com is one source Sell the grown product by the pound/bundle/unit? Where do you sell it? Our podcast is based on profitability. How can or has growing hemp as a commercial product helped farmers achieve higher levels of profitability? What are the numbers roughly for costs to grow and revenue per acre revenue could be up to $30/lbs sold and an acre can grow 8000 lbs of material Could these prices be tempered as interest spreads for growing the crop? certainly For the listener who doesn’t believe in this market as a viable crop, what would you say to them? try it For the listener who is excited to continue learning more and give this crop a try, what would you say to them? Summarize Challenge What Next? Submit questions and topic suggestions Want Farm4Profit Merch? Custom order your favorite items today! https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.com Shareable episode link: https://intro-to-farm4profit.simplecast.com Email address: Farm4profitllc@gmail.com Call/Text: 515.207.9640 Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw Follow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.