IDEAS home Printed from https://ideas.repec.org/a/oup/revage/v26y2004i1p97-117..html
   My bibliography  Save this article

Opportunities for Commercial Hemp Production

Author

Listed:
  • T. Randall Fortenbery
  • Michael Bennett

Abstract

Hemp production has been nonexistent in the United States since the 1950s. However, low prices for traditional crops have peeked interest in commercial hemp production. The current literature on hemp suggests that it may compete on the margin with traditional crops, but is not likely to generate sizeable profits. Hemp appears slightly more profitable than traditional row crops, but less profitable than other specialty crops. An important constraint to a viable commercial hemp industry is the current state of harvesting and processing technologies, which are quite labor intensive, and result in relatively high per unit costs.

Suggested Citation

  • T. Randall Fortenbery & Michael Bennett, 2004. "Opportunities for Commercial Hemp Production," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(1), pages 97-117.
    • Handle: RePEc:oup:revage:v:26:y:2004:i:1:p:97-117.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2003.00164.x
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Kraenzel, David G. & Petry, Timothy A. & Nelson, Bill & Anderson, Marshall J. & Mathern, Dustin & Todd, Robert, 1998. "Industrial Hemp As An Alternative Crop In North Dakota," Agricultural Economics Reports 23264, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Usda, 2000. "Industrial Hemp in the United States: Status and Market Potential," Staff Reports 278840, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. GwanSeon Kim & Tyler Mark, 2023. "What factors make consumers in the USA buy hemp products? Evidence from Nielsen consumer panel data," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 11(1), pages 1-19, December.
    2. Trey Malone & Kevin Gomez, 2019. "Hemp in the United States: A Case Study of Regulatory Path Dependence," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 41(2), pages 199-214, June.
    3. Abhinav Tiwari & Fuji Jian, 2023. "Desorption and Sorption Isotherms of Different Varieties of Hemp Seeds with Different Percentages of Dockage under Different Temperatures and Different Relative Humidities," Agriculture, MDPI, vol. 13(10), pages 1-16, October.
    4. Joohun Han & John N. Ng’ombe, 2023. "The relation between wheat, soybean, and hemp acreage: a Bayesian time series analysis," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 11(1), pages 1-12, December.
    5. Ingrao, Carlo & Lo Giudice, Agata & Bacenetti, Jacopo & Tricase, Caterina & Dotelli, Giovanni & Fiala, Marco & Siracusa, Valentina & Mbohwa, Charles, 2015. "Energy and environmental assessment of industrial hemp for building applications: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 29-42.
    6. Jane Kolodinsky & Hannah Lacasse & Katherine Gallagher, 2020. "Making Hemp Choices: Evidence from Vermont," Sustainability, MDPI, vol. 12(15), pages 1-15, August.
    7. Parvez, Ashak Mahmud & Lewis, Jonathan David & Afzal, Muhammad T., 2021. "Potential of industrial hemp (Cannabis sativa L.) for bioenergy production in Canada: Status, challenges and outlook," Renewable and Sustainable Energy Reviews, Elsevier, vol. 141(C).
    8. Kim, GwanSeon & Mark, Tyler, 2018. "Who are Consuming Hemp Products in the U.S.? Evidence from Nielsen Homescan Data," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266671, Southern Agricultural Economics Association.
    9. Rosa Agliata & Alfonso Marino & Luigi Mollo & Paolo Pariso, 2020. "Historic Building Energy Audit and Retrofit Simulation with Hemp-Lime Plaster—A Case Study," Sustainability, MDPI, vol. 12(11), pages 1-15, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kim, GwanSeon & Mark, Tyler, 2018. "Who are Consuming Hemp Products in the U.S.? Evidence from Nielsen Homescan Data," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266671, Southern Agricultural Economics Association.
    2. Fortenbery, T. Randall & Bennett, Michael, 2001. "Is Industrial Hemp Worth Further Study in the US? A Survey of the Literature," Staff Paper Series 443, University of Wisconsin, Agricultural and Applied Economics.
    3. Jane Kolodinsky & Hannah Lacasse & Katherine Gallagher, 2020. "Making Hemp Choices: Evidence from Vermont," Sustainability, MDPI, vol. 12(15), pages 1-15, August.
    4. Beatrice Dingha & Leah Sandler & Arnab Bhowmik & Clement Akotsen-Mensah & Louis Jackai & Kevin Gibson & Ronald Turco, 2019. "Industrial Hemp Knowledge and Interest among North Carolina Organic Farmers in the United States," Sustainability, MDPI, vol. 11(9), pages 1-17, May.
    5. Usda, 2000. "Industrial Hemp in the United States: Status and Market Potential," Staff Reports 278840, United States Department of Agriculture, Economic Research Service.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:revage:v:26:y:2004:i:1:p:97-117.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press or Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.