The Honeypot drop time indicates the frequency at which new Honeypots are produced. Lower numbers mean more frequent production. 

In this example, the Land drops a Honeypot every 125 minutes and (at the time of this screenshot) the next pot will drop in 20 minutes.

When the drop time is reached, one of the Working Bees Hunting on this Land will receive a honeypot and 20% of the Training Bees Hunting on this Land will receive a honeypot.

Working Bees and Training Bees do not receive the same items when Hunting.

TIP: Look for Lands with low drop times, low competition, and a short time until the next drop. 

The Honeypot drop time can be reduced on Extreme Climate Lands (meaning the Land will produce more Honeypots) by activating a Lantern. Learn more about Lanterns here.