There is more than one study but your numbers may be more in line with an old study I found from the 70's modern farming can do so much more. Anyway let's take your old study from the 70's and use those numbers to do the math. Along with only 323 Acres. Instead of 500 Acres. Its not just the oil. Look at this and this is wholesale pricing from the 70's. CBD Oil for human consumption Retail is about $25 to $50 an ounce today:
8,000 # of hemp seed gives you oil 300 gal at $150.00US per 5 Gal bucket 60--5 Gal at $150.00 ea,=$9,000.US 6,000 # flour whole sale $2.00 # 6000 at $2.00=$12,000. $21,000 Just From The Seed 31 Tons Of Fiber 31 tons raw stalk inbales 31 at $75.00=$2,300. First Value Added Fiber Separation 6 tons bast fiber at $1,000+ =$6,000 25 tons of hurds at $300.=$7,500
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