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Industrial Farming Pros and Cons | Kansas State Collegian

Are you interested in the hemp sector? Do you want to start a business? Discover the industrial farming pros and cons of this versatile crop. 

4 Pros and cons of launching an industrial hemp business 

Contents

Pros of starting an industrial hemp business

Cons of starting an industrial hemp business

Hopeful about hemp

There’s a long list of industrial farming pros and cons. However, these factors are unique regarding hemp. 

The industry is growing rapidly, and the recent changes in marijuana laws are helping boost the popularity of hemp-based goods. There’s a positive ripple effect on by-products like nutrients and cannabis fertilizers

Should you get in on the action? 

Like with any other business, it’s important to assess specific issues. Discover some of the market’s significant advantages and most pressing concerns below. 

Are you ready to learn more? Keep reading. 

Pros of starting an industrial hemp business 

While there are both pros and cons to industrial agriculture, the hemp trade is booming. Many expect this crop to continue its upward trend as more people turn to environmentally friendly alternatives. 

Wide product range

Hemp typically falls into a niche market, but product possibilities are constantly growing. The plant is highly versatile, and the range of goods it’s used for include: 

  • Clothing 
  • Fuel 
  • Rope
  • Construction materials 
  • Food 
  • Paper 
  • CBD 
  • Bioplastics
  • Insulation 

There are even products for treating animals at pet facilities. The scope and demand of this industry are ever-expanding. 

Profitability

The most significant factor driving any business is the profit potential. With so many industries demanding hemp, it’s possible to sell it to various manufacturers and clients. 

Word about the benefits of industrial hemp is spreading globally, and even international markets are keen on certain products. The best way to capitalize on these plants is by signing sales contracts before harvesting. 

This strategy helps you ensure all crops get sold and gives you time to find more buyers if they don’t. 

Environmentally viable

People are looking for eco-friendly alternatives to fight climate change and other environmental issues. Hemp is part of the solution. Some advantages of this industrial crop include: 

  • Plants absorb a lot of carbon dioxide
  • Require little water 
  • Help prevent soil erosion 

Straightforward cultivation 

Growing a houseplant is a simple task. Hemp is almost as hassle-free to cultivate once you understand the basics. 

The crop is quite hardy and grows well in most environmental conditions. Cultivation benefits include: 

  • Plants grow almost anywhere in the United States, provided the ground drains well
  • Excess plant matter makes significant biomass for the soil
  • Little chemical intervention needed 
  • Require less water than other cash crops

Cons of starting an industrial hemp business 

When considering industrial agriculture’s pros and cons of hemp growing, the benefits may make you eager to start. Before jumping in, there are a few potential disadvantages to consider.

Competition 

There’s no doubt that hemp products are trending. The options are as vast as milk and cloth diapers, but they remain a niche market.

Competition is fierce, and it may be challenging to catch a break if you’re only starting in the industry. Potential clients may prefer to work with those with more experience. 

One way of overcoming this is by slowly establishing trust. Clients might also consider you if your products are reliable and high quality.

Legal constraints

Different laws in each state stipulate the rules regarding hemp, cannabis, and related items. Some regions don’t permit operating a farm or selling these products to residents. 

There are multiple regulations to comply with in places where hemp is permitted. These rules are strict when producing CBD products.

Check the local legislation and ensure that you’re operating within the ambit of the law. The consequences for non-compliance vary from one region to the next.

Federal law issues 

Even though cannabis legislation is more relaxed in some states, the herb remains illegal on a federal level. Sometimes people confuse hemp and weed because of their similar appearance.

When transporting the goods, it’s challenging to differentiate between them, which may cause inconvenient run-ins with police officers. Even if the state permits marijuana, federal laws can make it difficult for vendors to operate smoothly. 

Growing pains 

In comparison to most cash crops, hemp is straightforward to cultivate. However, there are particular challenges that growers may need to look out for. 

Various garden pests find the plants attractive. Infestations are sometimes hard to detect, and getting rid of unwanted bugs can be time-consuming. 

Other cultivation issues include diseases and deficiencies. Fortunately, it’s easy to overcome most problems by carefully observing your crops and taking preventative measures. 

Ensure that you don’t overwater your soil, provide adequate nutrition, and check the foliage regularly. Any factor negatively affecting your plants can damage the quality of the harvest. 

Hopeful about hemp 

Knowing more about industrial farming’s pros and cons allows you to decide whether or not to start a hemp business. 

There’s a vast list of products in this industry with scope for many more innovative ideas. As more states legalize cannabis, the demand for CBD oils and other items also increases. 

Why not explore this niche market for your next business venture?

Kyle Kushman

Kyle Kushman is an American writer, educator, activist and award-winning cannabis cultivator and breeder specializing in veganic cultivation. He is a representative of Homegrown Cannabis CO company, has been a contributor for over 20 years, and has taught courses in advanced horticulture at Oaksterdam University in Oakland, California and across the United States. Kushman also hosts a cannabis podcast called “The Grow Show with Kyle Kushman”.

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