The USDA’s 2024 Hemp Production Report shows that overall across sectors, while hemp production continues to outpace sales, the value of many hemp crops is trending upwards.
Data Sources and Withheld Information:
The report was compiled from data collected from operator-reported surveys, hemp producer data reported to the FSA, reports from insureds participating in the Hemp Actual Production History pilot, and data reported by tribal governments and State Departments of Agriculture. The USDA withheld some information to avoid disclosing data for individual operators. Where the USDA withheld such data, the symbol (D) replaces the field where a percentage value would be.
Key National-Level findings:
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For industrial hemp grown in the open nationwide, the percentage of acres harvested rose by 15.5%, and the value of utilized production went up by 21.6%.
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The percentage of industrial hemp for fiber that was harvested but not sold increased, while the value of utilized production decreased.
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The amount of industrial hemp for seed that was harvested but not sold increased, although the value of utilized production increased.
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The amount of industrial floral hemp that was harvested but not sold decreased, and this sector’s value of utilized production increased.
Oregon-Specific Takeaways:
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Oregon ranked number three for states with the greatest production of industrial hemp grown in the open (considering acres planted and acres harvested), behind only Montana and South Dakota.
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Oregon ranked second among states with the greatest production of industrial hemp grown under protection (measured in square feet), although its area in production fell 52.5% from 2022.
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Oregon ranked first out of the 50 states for the production of industrial floral hemp, grown in the open, with both the yield (measured in pounds per acre) and the total production (measured in units per 1000 pounds) increasing. The value of utilized production went up 68.4% from 2022. However, the amount harvested but not sold also went up, but to a lesser extent, at 21.9%.
