Many farmers around the United States are tuning in to the hemp industry. The plant’s fast yield is enticing, and the revenue streams’ possibilities are only growing.
According to the latest market research, the industrial hemp market size is projected to reach $18,812.81 million by 2025. Personal care, dietary supplements, and food and beverage industries are significant factors driving this market growth.
But how exactly can planting hemp benefit your farm? Here are a few reasons why you, too, can gain from cultivating hemp in your fields.
Hemp is one of the strongest natural fibers in the world.
The hemp plant is not only one of the fastest-growing plants around, but they’ve been spun into fiber, the strongest in the world, for 50,000 years. Known for their fast crop yield (3-4 months), you can harvest more usable fiber from hemp per hectare per year than forests. The product can be transformed into clothing, biodegradable plastics, paper, and textiles, among other uses.
It is an excellent source of protein.
Hemp benefits don’t stop at their fiber. Their seeds are high in whole protein, a food source that contains an adequate amount of each of the nine essential amino acids necessary in the human diet; they’re comparable to other sources of protein like meat, milk, and eggs. Furthermore, hemp seeds can be ground, sprouted, liquified, or be eaten raw.
Hemp can be an alternative to construction materials.
The plant’s versatility also extends to construction, as they have been used as concrete-like blocks made with hemp and lime as insulation material. Although they must be supported by wood, steel, and bricks, hemp fibers can be used as a wood replacement in several jobs.
It is a distinct strain that has lower concentrations of tetrahydrocannabinol and higher concentrations of cannabidiol.
Due to its low concentration of tetrahydrocannabinol, high concentration of cannabidiol, consumers can take advantage of the hemp plant’s uplifting effects without the psychoactive component. Hemp-derived products are in great demand, and it is essential to meet the current regulations in place. Tetrahydrocannabinol, for example, must be under 0.3%. That’s why many entrepreneurs seek to create their brands through white label programs, such as Khrysos Industries’ White Label Program, to remain compliant. Our INX Laboratories team thoroughly tests their products for cannabinoid potency, terpenes, heavy metals, mycotoxins, residual solvents, pesticides, among others.
Hemp can help remediate the soil.
Another benefit of hemp is that it can also be used to remediate the soil. Much of the world’s ground has been polluted with pesticides and herbicides by decades of unsustainable farming practices. The Chernobyl nuclear disaster site, for example, was the subject of phytoremediation — a technology that uses plants to clean up soil, air, and water contaminated with hazardous contaminants — using hemp.