Analysis: Hemp Is Big Risk But Big Return

03:34PM Sep 25, 2019
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Hemp may be a resurfacing crop and Wisconsin has a history of production.

“Back when it was legal, we were the second largest hemp state after Kentucky and [we’re getting to be] in that same boat,” said Paul Mitchell, Economist with University of Wisconsin-Madison.

Mitchell says the university is sending out results of a grower-survey soon on yields, prices and returns.

“I was amazed at the numbers,” said Mitchell. “[When it comes to] CBD production, some of those people can be pulling in over $50,000 [an acre] in take-home pay. However, they’re spending $9,000 to $12,000 an acre in cost.”

Mitchell says those numbers are for small operations.

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