Hop Stocks Continue To Fall

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The United States Department of Agriculture announced that inventory of hops held by growers, brewers, and dealers totaled 147 million pounds—down 13% from 2025.

The USDA’s March 2026 Hop Stocks Report marks the fourth consecutive year of declining stocks, down 25% from a record high of 196 million pounds in March of 2022. March stocks are at their lowest level since March of 2018.

The continuing decline in hop stocks represents a major market adjustment. The hop industry continues to adapt to slower beer sales following a period of over planting. While the market is moving towards a better balance, we anticipate that hop acres will continue to decline in 2026, leveling out with perhaps modest growth in 2027.

With planted acreage down nearly 31% from its 2021 peak, availability of certain varieties has tightened considerably. We advise brewers to communicate their future needs to growers and merchants, primarily through the execution of contracts, to ensure availability of specific hops.

Additional Resources

For guidance on contracting for a wide variety of brewing raw materials, visit Contracting for Brewers: Insights and Best Practices.

Do you think you are too small to contract? Learn how even the smallest breweries can benefit from contracting at this session at the 2026 Craft Brewers Conference: Contracting Ingredients to Lower Costs and Improve Beer Quality. Register by April 7, 2026, for Smart Saver Pricing.

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