Vancouver BC: For over a hundred years, Canada’s best hops have come from the Fraser Valley. Although that may have changed for a few years while big name breweries south of the border had a chance to take the limelight, Fraser Valley Hop Farms Inc. is proud to be a part of the team that is helping rebuild that legacy, placing the gold medal right back where it belongs, the Fraser Valley of British Columbia.
Hop Farms, Fraser Valley & Lowermainland
FVHF will be launching Phase 1 of its operations via the planting, harvesting and selling hops from its 125 acre hop farm in Agassiz, British Columbia in February of 2017.
Fraser Valley Hop Farms Inc. will plant, grow, harvest, process, pelletize and sell its own hops for the BC and Canadian craft brewing industry. The first anticipated harvest will commence in August/September 2017, with full annual harvests thereafter.
The Company anticipates harvesting yields of approximately 1,500 pounds of dried hops per acre to be sold at an average price of $15.00 per pound. At this conservative price point, annual gross proceeds @ 125 acres will be $2,812,500.
The craft beer industry in BC is exploding right now and the Hop Industry has not been able to supply the demand. Currently, a 13 million pound global hops shortage coupled with inflated hop prices and extreme Western US drought have crippled Hops growth and production across the USA.
Leading beer experts agree that the best and most desirable hops in the world are grown in the vicinity of the 49th parallel! Right here in our own back yard. Fraser Valley Hop Farms Inc. is looking to revitalize this industry in the true north strong and free, particularly in the Lower Mainland of British Columbia.
In the optimal growing conditions of the Fraser Valley, hop vines start growing at a fairly rapid rate, sometimes as much as 1 foot/day. An established hops plant can grow up to 18 feet high, producing upwards of 2 pounds of dried hops.
During the 6 month growing season from April to September, The Fraser Valley receives approx. 481.1 mm of rain and there is no shortage of clean drinking water. Thus, the conditions in the Fraser Valley are ideal for the growing of hops.
Interestingly, nearly 80% of the hops produced in the United States are grown just over the border in the Yakima Valley, in the US state of Washington. Recently, there have been fears that the craft boom could turn to bust if demand continues increasing at even a marginally faster rate: http://www.thedrinksbusiness.com/2015/06/hop-shortage-threatens-craft-beer/
Fortunately, Fraser Valley Hop Farms Inc. is one of a few Canadian Companies stepping up to bring additional supply to an ever increasing demand both locally and abroad. Fraser Valley Hop Farms Ltd., Oceanic Plaza
1066 West Hastings Street,
Vancouver, British Coumbia, Canada,
1 888 756 9274
Source: FVHFs Press Release