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15 Most Profitable Crops in the World

Published on October 19, 2017 at 5:38 am by Ida Konjicija in Lists

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4. Hemp

Price per pound: $21 (for seeds)

Don’t worry, we’re not encouraging you to start an illegal business since growing hemp is perfectly legal and very profitable. Difference between marijuana and hemp is quite significant, but many people mistake them. Both belong to the same plant species, Cannabis sativa L. but by definition, industrial hemp is high in fiber and low in THC (tetrahydrocannabinol) which is the psychoactive ingredient of marijuana. Hemp is used as a dietary supplement and its usage is getting more and more popular. Also, hemp fiber turned out to be a very durable material which is gaining popularity on the market. One acre of hemp can yield around 700 pounds of grain (which can be turned into 22 gallons of oil) or 5,300 pounds of straw which can be turned into fiber. The five-gallon bucket of hemp oil costs around $150 and potential returns for hemp fiber range from $170 (low yield) to $759 (high yield) per acre.

15 Most Profitable Crops in the World

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