The economic benefits of the newly passed Farm Bill, which includes legislation allowing industrial hemp to be grown in 10 states for research purposes, could be great.  Woven Earth is proud to be on the cutting edge of this movement.  We saw the benefits of this incredible plant back in 2011, when we were organized.  Here is a little more detail on what this boon could mean.

  Hemp is a versatile plant, and industry estimates say it is currently used in approximately 25,000 different products across the globe. Its woody center area is used in building materials and paper. Its stalks are turned into rope, clothing and fabric. Its seed can produce a wide variety of foods, as well as fuel and soap.

  In Canada, where growing hemp is legal, Motive Industries Inc. has even produced a car made entirely out of hemp.

  In the U.S., hemp products already have a sizable foothold. The Hemp Industries Association estimates the total retail value of hemp products in 2012 was nearly $500 million. Hemp-based food and supplements, alone, reached about $171 million that year.

  But the U.S. imports its hemp products, primarily from China, Romania and India. Woven Earth sources its hemp from Great Britain.  The U.S. also accounts for 90 percent of Canada’s hemp exports. U.S.-grown hemp would quickly erase this dependence. A study conducted by the University of Kentucky estimates that hemp cultivation produces $100 to $300 per acre, which is similar to corn and soybean rotation.

 Costs to produce products made from hemp could decrease as well, as the shipping and logistics supply chains could be shortened.

  The number of jobs created in the first year of a revived hemp industry might be relatively small, perhaps 50,000 nationwide. But that number would increase every year as more products are developed and enter the market.

  If you are contemplating growing hemp, and are interested in talking to Woven Earth about becoming a supplier partner, please give us a call at 949-328-4367, or write us at info@woven-earth.com.