Farm4Profit Podcast13 Tammi 2020

What Could Growing Hemp Do For Your Profitability?

Understanding The Hemp Industry and It’s Effects on Profit.

Introduction
- Subscribe, Rate, Review, Follow, Share
- Text 515.207.9640 / E-mail farm4profitllc@gmail.com
Answer questions
What’s working for Ag – listener or farmer feedback - Tim Couser, Central Iowa
- Commodity groups, video messaging, staying in shape.
It’s not a waste of time if you uncover something valuable-What could hemp do for the industry and your farm.
- Please introduce yourself, your background with hemp, and your company’s role in the process…..
  - Jeffery Yarosz CEO of www.flura.com
- Was the 2018 FarmBill a turning point for the hemp industry? Why?
  - Yes, federally legalized the growing.
- What is hemp grown commercially used for?
  - Nuetrasuticals, paper, plastic, CBD, grains
- What rate is the hemp acres growing? Is there demand to help support the growth?
  - Infrastructure is needed
- What is the best climate to grow hemp in?
  - Plants will be bred to be grown in all climates
- When grown do you have to use precautions like security fencing, monitoring, etc….?
  - the power of communication is key.
- Up until lately this process has been very manual including the labor from many people. What is the industry doing to make the process more automated?
  - Flura is focusing on seed genetics and mechanizing the process.
- Half of our listener base is from Iowa. Is this something farmers in Iowa could look at growing?
  - Yes, toughest part will be getting the final product to market.
- What would the outlet be for sale?
  - Dried down and shipped
- What is the best way for a farmer who has interest in learning more go about doing that?
  - visit www.flura.com
- We’ve heard of the expertise being tribal, is it hard to farmers to gain knowledge?
- Buy seed by the pound/bushel/unit?
  - Where do you buy it?
    - Buy it by the pound. www.flura.com is one source
- Sell the grown product by the pound/bundle/unit?
  - Where do you sell it?
- Our podcast is based on profitability. How can or has growing hemp as a commercial product helped farmers achieve higher levels of profitability?
- What are the numbers roughly for costs to grow and revenue per acre
  - revenue could be up to $30/lbs sold and an acre can grow 8000 lbs of material
- Could these prices be tempered as interest spreads for growing the crop?
  - certainly
- For the listener who doesn’t believe in this market as a viable crop, what would you say to them?
  - try it
- For the listener who is excited to continue learning more and give this crop a try, what would you say to them?
Summarize
Challenge
- What Next?
Submit questions and topic suggestions

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