05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Hemp drying is a monumental task for any producer, but scaled operations have their own set of challenges that are similar to other ag sectors, like tobacco. Grain, on the other hand, isn’t really a good reference, because grain moisture isn’t as high as hemp is coming out of the field. Hemp plants can contain 80% moisture at harvest, and while farmers for one reason or another may harvest corn above 20%, generally producers are dumping loads that are less than 20%, in the high teens. Hempseed generally follows suit, but is ultimately stored at lower moisture, below 10%.
Costs for hemp drying reflect the more extreme moisture levels involved, as well the labor to handle it. There are also many different commercial processes that range from repurposed greenhouses, hop kilns and tobacco barns, as well as a range of commercial drying…