Hops are a flower used primarily as a flavoring and stability agent in beer. There is no major commercial use for hops other than in beer. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Hawaii Contract for the Sale and Purchase of Hops
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FAQ
The average price of hops in the United States has been fluctuating for the past several years. Between 2016 and 2021, the price of a pound of hops has been between 5.46 and 5.97 U.S. dollars.
They can grow up to 20+ feet and after a few years produce up to a couple pounds of dried hops off a single plant. They're also perennials so they come back every year. Really though, it's only worth it if you like growing plants. Just like any other plant they require some maintenance (although they are pretty hardy).
Local prices are all over the board, anywhere from $8-$14 per pound for dried, pelleted, hops, with an average yield of 800-1500 pound per acre if you are doing an excellent job. Some growers have obtained yields over 1,500 pounds per acre.
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.
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.
Basically, hops sell at from $3-15 per pound. When plants are mature, the yield can be 1,800 pounds per acre. Most craft breweries contract for 90% of the hops they use.
How much is an acre of hops worth? You can get $3 to $15 per pound depending on market prices. At one pound per plant, you can get between $3,600 and $18,000 for your acre.
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.
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.
Hops are a perennial plant thus fresh hops are only available during the hop harvest season which lies around mid-August to late September in the Northern Hemisphere. All fresh hops are $5/pound.