Originally Posted by ArrowheadHops
Around $2 lb if you are picking them yourself
Agreed...but let's do the math. And here I'm assuming this is someone growing commercially that intends to commercially harvest someday to sell on the open market. If it is someone with a plant in their backyard, they should just be happy someone is picking.
In our courses this is the breakdown we give for 1 acre of hops, ignoring establishment costs:
Productions (nutrient, water, etc.): 2k
Processing (testing, pelletizing, packaging, etc.): 7.5k
Harvest costs (variable depending on labor vs. mechanical): 2k to 6k
Total: $11,500 to $15,500/year
Assume 1500 pounds production at $15/lb = $22,500
Net ~ $9,000 but that doesn't include an initial investment of $10k to establish the yard, $1k to $4k for an oast...and anywhere from $13k to $100k for harvesting equipment.
Since you are supplying the harvest, drying and there is no processing (I'm assuming that if she can't tell you the variety, she also can't tell you alpha acid level.) or packaging, the total cost of production would be around $2k.
If she still wanted to make the same profit off that acre, that would mean she needs $2,000 + $9,000 = $11,000. Again, assuming that she gets 1500 pounds/acre, that is a selling price of $7.33/pound. But that is dried.
Since we know that dried hops weigh approximately 21.7% of wet hops, the price per pound wet would be $7.33/pound x .217 = $1.59/pound. Per ounce, that would be 10 cents/ounce.
OK, $2/pound is being a bit generous. $3/ounce is highway ****ing robbery.