A new survey from Farm Futures suggests that the most promising new crop in the future could be the hemp.
In a poll conducted by Farm Future, nearly half of respondents (47%) said they’d be more likely to buy an organic farm if they knew the hemp plant’s potential as an agricultural commodity.
The survey also found that the hemp industry could be worth $1.2 trillion by 2035, compared to $1 trillion in 2016.
The hemp industry is growing fast, with hemp prices hitting a high of $60 per gram in 2015, according to the Hemp Industries Association.
According to Hemp Industries, the hemp product is the only one that has the potential to be used in a variety of industries.
The industry is a $3 billion industry, and about 60% of its profits are derived from hemp farming.