Hurdles still remain for rooting North Florida’s industrial hemp industry
The first year of Florida’s hemp industry was one of trial and error on the ground, but the projections that it will become a green boom could mean a shift in the Panhandle’s agricultural scene.
Florida Agriculture Commissioner Nikki Fried said the first 8 months of cultivation since the state developed its program is only expected to get larger heading into 2021.
This year, the state approved 22,000 acres for hemp – the same acreage as tomatoes, watermelon and snap peas, and double the production of strawberries – but in the next 3-5 years it could balloon to 300,000 acres, or half of the land used to grow Florida citrus.
With tourism down in 2020 due to the coronavirus pandemic and agricultural losses projected at $500 million, hemp could be revolutionary for the state’s economy.
That’s coming as “our economy needs it most, due to COVID-19,” she said during a meeting of Enterprise Florida in early December.
“We are on the verge of a green industrial revolution here in the state of Florida with potential of billions of dollars in economic impact, tens of thousands of new jobs and potential new products in the marketplace,” she added.
Estimates put the total economic output in the first year somewhere around $500 million and more than $17 million in tax revenue.
Fried said hemp is being used in roads and houses are being built already using “hempcrete.” It’s an alternative to plastics and is used in the health and wellness industries.
With the going price for harvested hemp projected to be around $5,250 per acre, Fried said she expected acreage and sales to continue to grow.
North Florida is uniquely positioned to become a hemp fiber mecca with eager farmers and plenty of agricultural land. The more than a dozen counties in the region, from Levy to Gulf counties, represent roughly 2,125 acres in cultivation permits issued by the state.
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