Minnesota Hemp Farms

What Minnesota Hemp Farms does

Minnesota Hemp Farms, doing business as Field Theory Foods, is a farmer-founded ingredient manufacturer and consumer packaged goods company headquartered in Hastings, Minnesota. Founded in 2016 as Minnesota's first licensed hemp grower, the company operates a three-channel business selling bulk hemp and specialty grain ingredients to food manufacturers and ingredient suppliers, branded consumer packaged goods through grocery retail, and direct-to-consumer packaged foods via its own e-commerce storefront (fieldtheoryfoods.com). Its portfolio spans hulled hempseed (hemp hearts), cold-pressed hemp oil, and hemp protein powders at 50%/33%/23% protein concentrations, alongside a broader specialty ingredient line including buckwheat, Kernza, oats, rye, sorghum, sunflowers, wheat, flax, and mustard — offered as flours, groats, seeds, pregelatinized functional flours, and puffed grains.

The company's underlying technology centers on FDA Food Grade manufacturing facilities operating under GMP, SQF, and FSSC 22000 food safety certifications, with proprietary cold-pressed oil processing, pregelatinized flour production, and puffed grain processing capabilities. Inputs are sourced from a regenerative-agriculture grower network with both conventional and USDA Certified Organic options. The business model is primarily wholesale bulk transaction-based pricing (50 lb bags up to 40,000 lb truckload orders) with private-label options for national brands, supplemented by DTC retail pricing on the e-commerce storefront. Pricing is quote-based and not publicly disclosed.

Name

Minnesota Hemp Farms

Legal name

Field Theory

Website

https://mnhempfarms.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Wholesale Food Ingredients

NAICS

Grain and Oilseed Milling (3112), Grain and Field Bean Merchant Wholesalers (424510), Oilseed and Grain Farming (1111)

SIC

Grain Mill Products (2040), Food And Kindred Products (2000)

akta.pro primary industry

Hemp & CBD Product Wholesale Distribution (CRAOAIAG)

akta.pro secondary industries

Industrial Hemp Farming (Fiber-Grade) (AFAGAFAC), Plant Protein Ingredients Manufacturing (Isolates, Concentrates, Flours) (AFAKAGAF), Natural, Organic & Health Foods Wholesale Distribution (CRAOAAAK), Grain-Based Mixes & Doughs Manufacturing (pancake/waffle mixes, baking mixes, dough bases) (AFAKABAF)

Keywords

• Wholesale hemp ingredients
• Specialty grain products
• Cold-pressed hemp oil
• Hemp protein powders
• Plant-based food ingredients

Headquarters

HQ city

Hastings

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Revenue model

1. Wholesale Bulk Hemp Products: Bulk sales of hulled hempseed (hemp hearts), cold-pressed hemp oil, and hemp protein powders (50%, 33%, 23% protein) to food manufacturers, ingredient suppliers, and national brands. Quantities range from 50lb bags to truckload orders up to 40,000lb. Private label options available.
2. Wholesale Bulk Specialty Ingredients: Bulk specialty ingredient sales including buckwheat, Kernza, oats, rye, sorghum, sunflowers, and wheat. Sourced from regenerative agriculture network with organic and conventional options available.
3. Retail Consumer Packaged Goods: Direct-to-consumer sales of hemp-based consumer packaged goods through their own e-commerce platform. Features clean label plant-based protein products with upcycled ingredients.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Minnesota Hemp Farms (doing business as Field Theory Foods) is a farmer-founded manufacturer and wholesale supplier of bulk hemp ingredients — hulled hempseed (hemp hearts), cold-pressed hemp oil, and hemp protein powders (50%, 33%, 23% protein) — sold in quantities from 50lb bags to 40,000lb truckloads to food manufacturers, ingredient suppliers, and direct-to-consumer national brands with private label options. The company also produces and distributes a portfolio of specialty grain and seed ingredients (buckwheat, Kernza, oats, rye, sorghum, sunflowers, wheat, flax, mustard) as flours, groats, seeds, pregel functional flours, and puffed grains sourced from a regenerative agriculture grower network, and sells consumer packaged hemp products through grocery retail and its own e-commerce storefront.

Product overview

Field Theory Foods operates as a farmer-founded B2B wholesale ingredient supplier and consumer packaged goods company. The core product portfolio centers on Minnesota Hemp Farms hemp products including Hulled Hempseed (Hemp Hearts), Cold-Pressed Hemp Oil, and Hemp Protein Powders (50%, 33%, 23% protein) sold in bulk quantities to food manufacturers and ingredient suppliers. The specialty ingredients division offers a diverse range of grains and seeds including Buckwheat, Kernza, Oats, Rye, Sorghum, Sunflowers, Wheat, Flax, and Mustard — available as flours, groats, seeds, pregel functional flours, and puffed grains. The company also markets retail consumer packaged goods under the Field Theory brand featuring hemp hearts and hemp-based products. Manufacturing meets FDA Food Grade standards with GMP, SQF, and FSSC22000 certifications.

Differentiator

Problem solved

Functional benefit

Products and services

• Hulled Hempseed (Hemp Hearts) Premium quality hulled hempseed (hemp hearts) sold in wholesale bulk quantities from 50lb to 40,000lb for food manufacturers, ingredient suppliers, and national brands. Non-GMO, Kosher Certified, Gluten Free, with conventional and USDA Certified Organic options.
• Cold-Pressed Hemp Oil Cold-pressed hemp oil prized for Omega 3 and Omega 6 content, suitable for cooking and flavoring. Available wholesale in 18kg pails (5gal), 190kg drums (55gal), or up to 80-drum truckload orders.
• Hemp Protein Powders 100% hemp protein powders in 50%, 33%, and 23% protein concentrations, milled to consistent specifications. Wholesale available in 50lb bags, 2,000lb totes, or truckload orders. Marketed as more sustainable than pea protein isolate with better taste and higher protein content than chia or flax.
• Buckwheat Ingredients

Quantifiable outcome

• Higher protein content than chia or flax seeds
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Grower NetworkcoreStrategic or Co-development PartnerA select network of growers focused on regenerative agriculture and leading-edge farming practices. Growers can sign up through the grower network page to supply crops including hemp and specialty ingredients. This network enables Field Theory to offer transparent sourcing and deliver products aligned with customer values.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Manitoba Harvest: One of the largest North American branded hemp food companies (now part of Tilray Brands), selling hemp hearts, hemp protein powders and hemp oil to retail and food manufacturers. Directly comparable in product mix (hulled hempseed, oil, protein) and target customers to Field Theory's hemp ingredient business.
• Hempco (Tilray Hemp): Hempco Food & Hempco Global, now part of Tilray's hemp foods division, produces hulled hempseed, hemp oil and hemp protein for wholesale and retail. Overlaps directly with Field Theory's core hemp ingredient portfolio and B2B/wholesale motion.
• Nutiva: Organic plant-based brand selling hempseed, hemp protein and hemp oil alongside chia, flax and coconut products in retail and foodservice. Comparable as a wholesale/retail hemp ingredient supplier with overlapping regenerative and organic positioning.
• Just Hemp Foods (Hemp Oil Canada): Canadian hempseed processor producing hulled hemp hearts, hemp protein powders, hemp oil and hemp flour for food manufacturers and private-label customers. Closely comparable contract manufacturer and B2B ingredient supplier.
• Bay State Milling Company: Specialty grain miller producing flours, mixes and ancient-grain ingredients (including gluten-free and regenerative offerings) for food manufacturers. Comparable in specialty grain milling, pregel/flour capability, and B2B ingredient supply.
• SunOpta: Plant-based and specialty ingredient company producing sunflower, oat and other plant-based ingredients for food manufacturers in organic and conventional grades. Comparable in non-GMO, organic specialty ingredient wholesale.

Broad incumbents

• Ardent Mills: Large U.S. flour and grain-based ingredient supplier owned by Cargill, ConAgra and CHS, serving bakery, cereal and food-manufacturing customers. Comparable in B2B specialty grain flour supply, but at vastly larger scale and broader portfolio.
• Cargill: Global agricultural commodity and food-ingredient giant with grain milling, oilseed processing and plant-protein (PURIS pea protein) operations. Overlaps with Field Theory across grain/oilseed milling, protein ingredients and B2B wholesale, but at far greater scale.
• ADM (Archer Daniels Midland): Global agribusiness and food-ingredient company with oilseed milling, grain processing and plant-protein capabilities. Competes for the same food-manufacturer ingredient wallet as Field Theory across specialty grain and plant-protein categories.

Emerging players

• PURIS Foods (Cargill): U.S. plant-protein producer specializing in pea protein for food manufacturers, now part of Cargill. Direct competitor in plant-based protein ingredient supply and the alternative Field Theory explicitly positions its hemp protein against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/mnhempfarms
• LinkedInlinkedin.com/company/minnesota-hemp-farms

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Minnesota Hemp Farms