The United States Department of Agriculture National Agriculture Statistics Service (USDA NASS) released the results of its second Hemp Acreage and Production Survey in April. The survey is sent to hemp producers nationwide to collect data on the total production, acreage, yield, price and value of hemp in the U.S. The survey also includes state-by-state production data based on weighted averages.
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The 2022 survey results illustrated here show a dramatic decline in hemp's value, acreage and production, with the reported numbers for seed, floral, fiber and grain being down across the board compared to 2021. Read more about the survey results here in a related article published on Cannabis Business Times.
