Based on Farm Service Industry (FSA) data released last week, US hempseed acreage has fallen by 51%. Last year FSA reported 11,052 acres of hempseed planted. This year 5409 acres have been reported by farmers. The chart below illustrates the overal steep declines, primarily with the two leading producers, Montana and North Dakota.
The only other states reporting over 100 acres are North Carolina and Indiana. The balance is being produced across a dozen or more states.
Noteworthy changes this year are North Dakota and Montana’s precipitous drops as the leading hempseed production states in the Northern Plains. Conversely, South Dakota has leapt out of the gates with 1500 acres this year, in their first year of hemp production. Newcomer Kansas has also…
05.14.2024
LCFS credit trading volumes, prices decline on week
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Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
05.14.2024
Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...