Replies to post #65266 on Hemp Inc (HEMP)

[Condor65]

Nice work. Thank you Derps.

This is garbage analysis. A report from '14 covering research from '07? Almost a decade outdated.

[Det_Robert_Thorne]

Then give us something more recent

In 2007, Biotech Mills was an operating company, making products out of kenaf, but by 2013 it had renamed itself Kenactiv Innovations and went bankrupt.

If you can come up with a more recent report, then please post it.

Even if the price of raw kenaf stalks has doubled in the past nine years, which I would seriously doubt, that's still only $0.055/lb.

The 7,000 pound sale would only mean $385 in revenue, and a 5M pound sale would only generate sales of $275K.

The money is in the processing, and Hemp's processing equipment doesn't work.

As to the "migration strategy", in that silly web interview from last week, Perlowin was crowing about how much money they could generate from Kenaf before the hemp crops are large enough to warrant switchover.

Which won't happen for two to three more years.

So kenaf it is!

[HempLife]

and it says:"raw kenaf stalks" what do raw kenaf stalks have to do with spillsuck or one of the six products? I don't think the raw stalks are going to get them big revenue I think processed products are a higher value per pound.

To Det Thorn: How are your efforts as a Detective going so far ? Is it all dark clouds on the horizon? Or are you more optimistic for hemp inc every day?

[Gailm]

DERPS and CONDOR

Geezzzz. http://www.agmrc.org/commodities-products/fiber/kenaf/

2013-2015 all prices.

Always got to do it myself--or the DET. does it for everone.

IF YOU FOLLOW THIS LINK BACK TO THE U OF KY SITE--YOU WILL FIND AN ONGOING UPDATE TO EVERYTHING KENAF OR HEMP.

How can you two keep posting about this COMPANY and not know this???

Kenaf

By Malinda Geisler, content specialist, AgMRC, Iowa State University.

Revised July 2015
Introduction

Kenaf is a close relative to cotton and okra and is originally from Africa. It is a crop that is easily grown and is high in yield.
Two distinctive fibers are harvested from the stalks. One is a jute-like, long bast fiber from the bark. The bast fiber is used to make burlap, carpet padding and pulp. The second fiber is short, spongy core fiber that resembles balsa wood. It is processed into poultry house bedding, oil-absorbent mats and packing materials.
Marketing

Kenaf is generally not marketed as a good, but rather sold to manufacturers as an input to create a final good such as rope. The domestic market for kenaf is limited and the crop is grown mostly for a niche market. Commercial processing plants exist in Georgia, Mississippi, North Carolina and Texas.
Production

In the United States, once the soil has warmed o 13°C and there will be no more frosts, kenaf can be planted. In some locations this can be as early as April or May. The crop can grow in many soil tipes, however best yields occur on well-drained sites. Kenaf (Hibiscus canabinus) is planted using a modified row-crop planter or grain drill. Kenaf seeds are planted 1.25 to 2.5cm deep and a plant emerges within 2-4 days. Dense planting limits branching and promotes long fibers in the main stem. The crop matures in about 150 days and can be harvested using forage coppers and sugarcane harvesters. Fiber yields range from six to ten tons per acre annually.
Financials

A 2013 production scenario done in Kentucky estimated a total of $293 in costs per acre. Returns were estimated at 7.2 tons of kenaf at $55 per ton for gross revenue of $396 per acre.
Sources

Alternative Agronomic Crops, ATTRA, NCAT, 2000.

Kenaf - University of Kentucky, 2014

Kenaf Production: Fiber, Feed, and Seed