USDA: Value of U.S.-Grown Hemp Up 18% in 2023

The value of hemp produced in the U.S. totaled $291 million in 2023, up 18% from 2022 totals, according to an April report from the U.S. Department of Agriculture (USDA) National Agriculture Statistics Service (NASS).  

In 2023, there were 27,680 acres of industrial hemp planted outdoors — or “in the open” — for all utilizations, down 2% from 2022, according to NASS statistics. The value of hemp production in the open totaled $258 million, up 22% from last year, while the area harvested for all purposes in the open totaled 21,079 acres in 2023, up 15% from the year prior. 

Floral hemp production grown in the open in the U.S. last year was estimated by the agency at 8.03 million pounds, up 18% from 2022. In the open area harvested for floral hemp was estimated at 7,383 acres, up 4% from last season, the report says. The average yield for 2023 floral hemp in the open was estimated at 1,088 pounds per acre, up 134 pounds from 2022. The value of floral hemp grown in the open totaled $241 million in 2023, up 35% from the year prior. 

National production of hemp grown

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