AgriFutures Australia has identified industrial hemp as an emerging industry with the potential to exceed $10 million annual gross value of production by 2025. AgriFutures Australia considers variety performance testing and agronomy trials as a highpriority investment for the industry and intends to provide seed funding for a national hemp cultivar trial scheme. The project will deliver a report and business plan detailing the proposed national hemp cultivar trial system including technical and legal framework parameters, cost options, and financial support both inkind and cash for consideration by AgriFutures Australia.
New and Emerging Industries
Stilts Pty Ltd trading as Rounding Up
The project aims to build a commercially centred and sustainable business plan for the Australian Hemp industry incorporating: 1. an industrysponsored National Cultivar Trial Scheme (NCTS) that strengthens product knowledge, grower management practices, delivers a fitforpurpose commercial variety suite and enhances industry profitability 2. ongoing cosponsorship and funding from government and private investors to actualise the business plan 3. a pathway to a national regulatory framework that facilitates the industry’s ambitions.
Project Start Date
Friday, August 30, 2019
Project Completion Date
Friday, August 14, 2020
Journal Articles From Project
Frontier technologies for building and transforming Australian industries
Adoption of R&D
NEI - New and Emerging Industries - SM1