CBD hemp, a new crop in Connecticut, could earn farmers between $5,000 and nearly $12,000 per acre, according to a report (PDF) from UConn’s Zwick Center for Food and Resource Policy and Department of Agricultural and Resource Economics.
The study is the first of its kind to measure costs and returns for CBD hemp in Connecticut. Since the passing of the 2019 Farm Bill, farmers have been eager to grow the crop to meet industry demand for cannibidiol or CBD, a chemical compound that has gained popularity in a wide variety of products over the past several years.
Jeremy Jelliffe, a researcher in the Department of Agricultural and Resource Economics in the College of Agriculture, Natural Resources, and Health was lead author on the study. He says the critical need for the report became apparent in the spring of 2019.