The 2018 Farm Bill signing saw many farmers jump to the bandwagon of hemp flower cultivation and production, turning it into a multi-billion sector. Though the bill still limits the cultivation of hemp flower on privately owned home farms, cultivating industrial hemp is legal in many states, and the market is growing by the day.
Industrial hemp farmers’ main goal is to cash in on the thriving market and make profits after each harvest. Even with that in mind, some farmers do not know who to sell their hemp flower to after harvest. One of the most encouraging things about hemp flower is that the demand is just as high as the supply, so most farmers will always have a ready market for their produce.
However, as easy as that may seem, hemp farming is a business like any other, and it requires the same kind of preparedness in handling buyers. Even with the supply being high, waiting until the last minute to look for buyers for harvest may lead to massive losses.
Why? Because hemp is, a crop and its natural state cannot stay fresh for long, meaning you have little time to process and distribute your produce after harvest. Holding on until the very last minute will leave you with less opportunity negotiating the ideal price. This article discusses where to sell industrial hemp for handsome returns for all your cultivation efforts.
Determine the Market Value of the CBD Industrial Hemp Biomass
Quality of Industrial Hemp Biomass
Even before you look for a buyer for your industrial hemp biomass, the first thing to do is determine the product’s value. Besides the market price of the industrial hemp biomass, you should also determine the product quality. The quality of your biomass will evaluate your price to avoid an under-charge.
A CBD Processing and Extraction Company or a reputable hemp farming company can help you determine and negotiate your industrial hemp biomass cost. An experienced broker can also help you do the same. Whatever you do, do not deal with a company or individual with no hemp industry experience. An experienced com-any or broke may even secure the transaction by paying you a deposit.
Social Media Presence
Social media presences are another excellent way of keeping up with the times and engage as many people as you can. It will help if you discard the idea that using social media platforms to advertise your products is not for you.
Promoting your industrial hemp on some of the busiest social platforms such as Instagram, Facebook, and LinkedIn helps connect you with potential buyers. It would be best to remember that social media platforms have an international audience, and advertising your product would widen your marketing space. Social media also opens you more to what is happening in the hemp industry around the world.
Industrial Hemp Futures Contracts
Engaging futures contracts is another way of helping you to determine the price of your industrial hemp. Futures contracts are signed agreements between a buyer and a seller signed before growing or harvesting the crop.
The arrangements are beneficial to both the seller and buyer because the farmer does not have to take any risks by looking for a last-minute buyer, while the buyer has the right to own the hemp harvest beforehand. The arrangement also protects the farmer from the unpredictable market.
Besides looking for a reputable futures contracts company, it would also be safer to engage a lawyer during the signing of the contract.
Where to Find Industrial Hemp Buyers
You can sell your industrial hemp through a broker, but you may have to sign some agreements that include non-disclosure and non-circumvention agreements. While dealing with brokers may seem like one of the easiest ways to get fast money for your industrial hemp, you have to understand that they do not always have readily accessible funds.
They, too, will look for buyers, which means you will have to wait until they do. Some brokers are not honest, and they might frustrate all your efforts to get your due diligence. The broker you engage must have a superb notoriety avoid any frustrations.
Any hemp farmer or supplier’s goal is to make sales as soon as they finish harvesting their plants. Making direct sales is dreams come true for any farmer or supplier because it means ready money for all the efforts put into growing and harvesting the hemp flower.
Direct dealing with a buyer prevents you from engaging an intermediary. Eliminating an intermediary from the dealings means protecting your profit margins, as there will be no splitting of any money
Sell in Market Places
Market places are also other places you can use to sell your industrial hemp biomass. The likelihood of not finding the perfect buyer is minimal as most market places crawl with potential buyers running to the thousands.
Market places also provide buyers with branded profiles and essential information in what is on the table, which is what attracts them into buying. Before venturing into any marketplace, find out about the offerings and functionality of different platforms with their valid terms and conditions before you sign any contract.
Read also: Is Hemp Legal In Texas
Wrapping It Up
After harvesting your industrial hemp, you have different ways of finding buyers without undercharging your produce. Brokers and intermediaries are the first people that many sellers look for after harvest. Although using them is convenient, the hemp market is synonymous with fake brokers and sharks, out to freeze farmers dry.
Before engaging a broker, you should try to look for direct buyers first because you will make more profit. The best time to look for a direct buyer is long before the harvest because it will give you and the buyer enough time to reach acceptable terms.
If you are a new hemp farmer, consulting reputable companies for everything you need to know is the wisest thing to do to avoid frustrations after the harvest. Other people that you can ask for advice from include hemp consultation experts and experienced hemp farmers.
I started happy hemp after getting sick, losing my job and health insurance. starting with my health, i took issues into my own hands. enter hemp. Hemp seeds are the most nutritionally balanced food source on the planet. Hemp is full of omegas, protein, essential fatty acids, vitamins and minerals. This little seed literally became the seed of change in my life!