Can hops be grown in Ohio?
Members of the Ohio Hops Growers Guild (OHGG) have more than 70,000 hop plants under cultivation and many craft beer brewers and drinkers put a premium on Ohio-grown ingredients. Ohio’s climate, however, does make hop production challenging.
How much does it cost to start a hops farm?
According to a 2020 Cornell study, the cost per acre to get established is $12,000-15,000 per acre. According to the same study, 10-15 acres should yield $12,000-15,000 per acre income.
What is the revenue per acre of hops?
2019 production costs were about $10,490 per acre (that is a conservative figure, as some costs have outpaced annual federal inflation estimates). This results in an estimated net income of $768 per acre in 2019. “Now there are a lot of aroma varieties that are really popular,” said Brophy.
Is there a demand for hops?
The Global Hops market is estimated to grow at a CAGR of 4.5%, during the forecast period (2020 – 2025). A transitional shift in the demand for bittering hops from aroma varieties and a positive trajectory in the growth of craft breweries across the world are driving the global hops market.
How much does it cost to plant an acre of hops?
It costs about $12-15,000 per acre to get started including labor, plants, trellises, irrigation, and equipment. Growers are looking at the possibility of sharing some things, such as harvesters, kilns, and pelletizing and packaging machines. USAHops.org has an excellent publication on the cost of hop production.
Is it profitable to grow hops?
Hops can be a lucrative crop to grow. The giant providers out in the Pacific Northwest are wholesaling for as little as $3 per pound, but Gorst Valley’s small-scale hops can net as much as $15 per pound, giving the crop the potential to be an extremely profitable plant.
Can I make money growing hops?
Are hops difficult to grow?
Hops are a perennial and produce bines annually. Hops should be planted in rows of hills about 8 feet apart with two rhizomes per hill and hills set about 2 to 3 feet apart. “Hops are difficult to grow on a small scale,” Paino advises. “They need a lot of attention, especially in late June and early July.”
Can you make money selling hops?
Are hops a profitable crop?
How much do hops sell for?
Depending on the variety, hops can sell for anywhere from $8 to $20 per pound. The average farmers market consumer isn’t on the lookout for hops, so simply adding your harvest to your product table likely won’t get you the sales necessary to recover your costs.