Hemp poised to take off as New Zealand's next big
Hemp poised to take off as New Zealand's next big industry
Hemp being harvested.
supplied
Hemp being harvested.
Ads by Google
Merrill Edge® Tradingwww.merrilledge.com
Trade With The Benefit Of A Merrill Edge® Account. Open One Today.
Commercial hemp could play a major role as a cash crop on farms as industries move from synthetic to more natural materials.
The plant could be a major earner as countries start to shift towards a more plant-based economy, says grower David Jordan.
"If you put yourself into the future and look at what is coming, hemp is one of those things that is coming of age in the new economy that's on the way."
Industrial hemp being grown in New Zealand. The industry could take off in New Zealand, Waikato grower David Jordan says.
Industrial hemp being grown in New Zealand. The industry could take off in New Zealand, Waikato grower David Jordan says.
Jordan has been growing the crop at The Hemp Farm in north Waikato since 2008 and was undeterred that New Zealand's hemp growing industry had lagged behind the rest of the world.
"It doesn't matter about being behind, there's plenty of room for us to make a damn good industry in this country."
About 40 commercial growers were in New Zealand and most of them operated on a small scale.
Jordan said the lack of uptake from farmers was due to too many being less open-minded than growers in other countries.
"The rest of the world is jumping on board and getting stuck into it and New Zealand is still in denial, so people are just business as usual but some people are starting to see what is coming."
Hemp sequestered carbon from the atmosphere and improved soils, he said.
For livestock farmers, it could provide animal bedding, stockfeed or a secondary income if sold commercially.
Ad Feedback
A viable hemp industry needed critical mass and a capital injection to help establish a processing facility if it was to move beyond a cottage to a broad acre industry, he said.
He planned to grow 12 hectares this year and the seed from that crop would be enough for further expansion. To build it up to 100ha required "the will of more vision seeking farmers".
The hemp Jordan grows was used for research and development as well as selling hemp seed oil, facial serum, oil capsules and "animal hemp powder" at his online shop.
Once harvested, the fibre, seed and hurd (core) can be integrated in existing industries. Worldwide, the hurd is used in animal bedding, housing materials and paper. The fibre was used in a wide range of industries including textiles and composite materials.
Hemp was a 126-day crop and could be used either as an annual or rotation crop. Hemp crops are planted in October, harvested in March followed by a winter grass rotation before being sown back into hemp the following October. A typical yield would be about 10 tonnes a hectare, Jordan said.
Establishment costs were similar to maize but there was limited machinery available for harvesting tall hemp crops. Jordan's own crop was harvested by hand and with a baler.
He was still searching for a better harvesting method and was confident Kiwi farmer ingenuity could find a solution.
"Our plan is to have a dedicated hemp farm and that hemp farm is going to have a processing and distribution facility on it and it will grow from there."
The returns varied conservatively between $7000-$8000 a hectare, he said.
A market already existed with businesses worldwide wanting hemp and industries trialling products with amazing results. The companies were asking growers if they could consistently supply them with the product, he said.
"If we grew 300ha next year we would sell that, no problem at all. The demand for fibre alone is thousands of hectares. We have plenty of growers available, we have plenty of land available, we have a reasonable amount of seed ready to go, it's just now a matter of putting together the processing facility and getting on with it and it's not that far off."
Hemp campaigners have been raising awareness of the potential to build a multi-million dollar hemp industry in a week of events ending September 25. The Hemp Industries Association will be meeting with the Ministry of Health, farmers and the public in a push to raise the profile of the plant.
Hemp seed also has potential as a food source. Australia and New Zealand are the only countries in the world where the seed is banned for human consumption apart from hempseed oil which is available in New Zealand.
That could change in November when Food Safety Australia New Zealand votes to decide whether to repeal this ban and allow hemp seed to be used for sale for consumption.
3
Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
Scroll down for more posts ▼
Top 10 Most Recent News Articles
Breaking Ground in Patient Monitoring Let's dive into the gritty details behind Masimo's latest FDA-nod: the smartSET™ system. This gizmo ain't your ordinary pulse oximeter; it's a next-gen hand-holder for the medical world, poised to ride the AI wave straight into the clinic. They've cracked open a new way for clinicians to peek behind the curtain of patient vitals,...
Continue Reading
Potential Shockwaves for Hyliion Investors Investors are having a showdown with Hyliion (NYSE:HYLN) these days. With the looming October 27, 2026, deadline to jump into a securities class action, it seems Hyliion's latest escapade smells worse than a fish market on a hot day. We’ve got allegations here stronger than your uncle’s morning coffee. Understanding the Legal...
Continue Reading
Investors are no strangers to the rough and tumble of stock markets, but things get downright messy when trust is shattered. That's the sorry saga unfolding with AEVEX, where shareholders are feeling the heat after a sharp nosedive in stock value. The clock is ticking to join the class action, and any AEVEX investor worth their salt should pay attention. Unraveling...
Continue Reading
Here's a game-changer for the community. Valley Community Healthcare (VCH) is stepping up, proving that healthcare doesn't just stick to check-ups and prescriptions. It's about the whole shebang—community empowerment included. This October, VCH is hosting two incredible voter events, collaborating with the Los Angeles County Registrar-Recorder's Mobile Voting Program....
Continue Reading
They've done it again, folks. LG Electronics is out there kicking up a storm with their all-new OLED evo W6 True Wireless Wallpaper TV, and they're bringing the action straight to the UAE's doorsteps. Imagine taking a stroll and stumbling upon this technological marvel at some fancy spot like The Lotus Lounge at Anantara The Palm Dubai Resort. This ain't just a TV, it's a...
Continue Reading
Missteps at Innventure: A Costly Lesson in Investor Trust The stock market is no stranger to drama, but Innventure's saga feels like a page ripped right out of a thriller novel. You’ve got accusations, alleged fabrications, and a swift drop in stock prices that’s left some investors shaking their heads. The company, nestled under the ticker NASDAQ:INV, finds itself...
Continue Reading
A Historical Meltdown into Global Recognition Welcome to the ride where ancient stones talk and cultural borders vanish. We're diving into the beating heart of Weifang, a place you're probably hearing about now because the town's hosting a packed international media tour. And, for a change, this isn't just another tourist trap; it's a cultural adrenaline shot to the arm,...
Continue Reading
Top 5 Most Recently Viewed Articles
Back in 2024, Glytec partnered with Ardent Health to tackle the diabetes epidemic affecting over 37 million Americans. Now, you know how these collaborations can go—everyone's excited at first, but when you dig into the numbers and outcomes, things can get murky real quick. They claimed they’d improve patient safety and clinical results while also cutting costs for...
Continue Reading
The fast-casual eating scene just got itself an MVP. Salad House is stepping up its game by partnering with none other than Kaylyn Kyle. She's got an Olympic medal in one hand and a salad bowl in the other, and this collaboration might just shake up how folks view their daily greens. Aligning Forces with a Soccer Star Kaylyn Kyle, for those not glued to their soccer...
Continue Reading
California’s Retail Crime Task Force Reports Significant Gains Recent reports indicate a staggering rise in organized retail crime (ORC) across California. As the state grapples with this issue, the efforts of the Organized Retail Crime Task Force (ORCTF) have proven crucial in combating theft. The task force successfully recovered over $7.2 million in stolen goods,...
Continue Reading
Looking Ahead to OGE Energy's Earnings Call OGE Energy Corp. (NYSE: OGE) has carved out a space in the unpredictable energy sector. With their second quarter earnings call scheduled for July 29, 2026, investors need to give this date a red underline on their calendars. Marking Time: A Chance to Get the Bigger Picture This isn't just another line item on an analyst’s...
Continue Reading
Analyzing Market Sentiments in Micron Technology The recent surge in options activity around Micron Technology is indicative of significant confidence from major financial players. A closer look at the trading patterns for Micron Technology (NASDAQ: MU) reveals 72 noteworthy trades, reflecting a strong interest in the stock. Among the trades, 56% exhibited bullish...
Continue Reading