So you do not dispute my FACTS
Well, really how could you, they are published by leading Universities, the State of North Carolina and the USDA.
Those pesky FACTS about hemp and other crops--they keep getting in the way of the GRAND ILLUSION, and I guess preventing investors from dumping out of this stock. Truly a shame.
But the facts are what the facts are. Last year by MY reckoning about 4,800 acres of hemp were planted in the USA. HEMP.ORG says it was only 3,900. My numbers are--however--correct.
There Might be 8,000 acres planted this year, with about 90% tied to a subsidized study at either the State level or by a University.
8,000 acres of hemp. Average input costs 2015 $281, average raw crop value ( based on a yeild of 12 tons per acre ) about $400.
Of course the sale end is a misnomer of sorts--since study crops are either subsidized or used for studies for follow on processing.
There is no market for hemp in the USA.
The USDA does not quote crop size, value or acre price--other than in a notation, since it is not a viable crop.
It is not a commodity--you cannot trade it as a future like you can corn, soy, wheat, sugar beets, barley, oats , hay--well you get it--the list is long.
What you can get however is the INTERNATIONAL production figures for hemp--pricing and market availability--since it is predominately a third world crop grown in sub USA standard conditions, labor, land cost's and general COL.
Which is why the WORLD produce's some 600,000 to 1,000,000 acres per year. ( 10 year cycle avg's, reporting countries only)
And the US--about 4,000 acres.
Don't need but 3rd grade math to figure that one out.
So why are there so many deer-struck eyes surprised that HEMP is a 2 cent stock. Or that farmers don't want to plant hemp?
Not that hard to figure out--for most.
