Hemp (Cannabis sativa) is a fast‑growing annual plant from the Cannabaceae family, closely related to hops and known for its hardy nature and diverse uses.

Industrial hemp refers specifically to low‑THC varieties bred for fibre, seed, and biomass rather than psychoactive compounds. Its strong bast fibres, woody hurd, and nutrient‑rich seed, makes it one of the most versatile crops available to modern agriculture.

Across global markets, hemp is gaining renewed attention for its potential in food, health, construction, and manufacturing. Hemp seed is valued for its high levels of omega‑6 and omega‑3 fatty acids, while the plant’s stem provides renewable materials for building products, biocomposites, and textiles.

As industries seek sustainable, low‑impact alternatives, hemp offers growers a chance to supply emerging niche markets with strong long‑term growth potential.

Resources

Agrifutures Australia

AgriFutures Australia is one of 15 Research and Development Corporations (RDCs) servicing the research, development and extension needs of Australian rural industries.

They support 13 thriving rural industries—including emerging sectors—delivering research and innovation that provides farmers and producers with real returns while preparing them to thrive into the future.

AgriFutures is a valuable resource for anyone interested in the development of industrial hemp as an Australian agricultural industry.

This publication is a great start to understanding the industrial hemp industry.

Agriculture Victoria

Agriculture Victoria is a great resource for understanding the legal framework for growing industrial hemp, and the legal uses for the crop you grow.

Tap on the the Agriculture Victoria website to learn more.