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Can you grow ginseng in your backyard?
Best of all, there is no huge time commitment necessary to start ginseng farming. You can earn some nice extra cash growing ginseng in your backyard nursery. You don’t need several acres to do it either. In fact, after six years you can make over $100,000 with just a half-acre of land.
How do I buy a ginseng plant?
Ginseng is the only crop that has a list of more than 300 registered buyers, on file, by the NYSDEC. Of course, most of these buyers are primarily interested in buying wild ginseng, but the fact is that ginseng is indeed easy to sell. A six year old ginseng root from wild simulated patch.
What states is it legal to grow ginseng?
There are 19 states that allow harvesting of wild ginseng for export: Alabama, Arkansas, Georgia, Illinois, Iowa, Indiana, Kentucky, Maryland, Minnesota, Missouri, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wisconsin.
How much is a ginseng plant?
Prices paid for ginseng root also vary greatly by production method. Field grown ginseng produced under artificial shade sells for between $10-$25/dry lb. while wild and wild-simulated root has averaged around $350/dry lb for the past 10 years (in 1999 it was bringing $425/dry lb).
How long does it take to grow ginseng?
It takes 3 or 4 years for ginseng to reach maturity, after an initial year of preparation so, 4 or 5 crops need to be established before the first crop is harvested.
Can you grow ginseng anywhere?
Well, the hardwood forests of the eastern United States and Canada are ginseng’s natural habitat, but it can be cultivated almost anywhere north of central Alabama . . . if the area receives between 20 and 40 inches of rainfall annually.
Is growing ginseng worth it?
Growers can make a solid income from even a small space, as well. For example, a half-acre planted in ginseng will start producing seeds in the third year. At the current prices, a half acre garden could produce $100,000 worth of seeds and roots over a six year period, or over $16,000 per year.
Why is growing ginseng illegal?
The root of the ginseng plant has been coveted for thousands of years as a natural curative. Because the slow-growing plant is destroyed to harvest the root, those who illegally harvest ginseng can face stiff fines or imprisonment.
Can I legally grow ginseng?
It is illegal to harvest American ginseng roots on most State lands and all National Park Service land. Some U.S. Forest Service National Forests issue harvest permits for wild ginseng while other National Forests prohibit the harvest of ginseng.
How much does wild ginseng sell for?
DNR records indicate that over the last 10 years, annual wild ginseng prices have ranged from $250 to $880 per pound, with an average annual price of $483 per pound. The baseline price used for this analysis is $480. Other costs.
Where does ginseng grow the best?
The most favorable temperature and soil moisture conditions generally are associated with north or east facing slopes with at least a 75 per cent shade canopy. The best shade is provided by deep rooted, deciduous trees such as poplars and oaks. Ginseng grows best in a moist, well drained soil.
How much is an acre of ginseng worth?
The ginseng market varies from year to year, but when the price is high it’s possible to net up to $50,000 per acre. There is one drawback: it takes from five to 10 years for the roots to reach a marketable size.
Where can I find ginseng in the woods?
Go to forests that have Beech Trees, Maple Trees, Hickory trees, Oak Trees, Basswood Trees, and Tulip Poplar Trees. Ginseng grows well in the shade of these trees. If you begin to harvest late into the season, you may have more difficulty finding ginseng.
What time of year do you dig ginseng?
Collect the wild ginseng only during harvest season that is September 1 through November 30. If you want to ensure future ginseng plants, always plant the seeds near the harvested plant.
How do you start a ginseng farm?
Sow your ginseng seeds about one inch below the soil surface, spacing your seeds between 14 and 20 inches apart to encourage air circulation and reduce the chance of disease problems. Be patient. Ginseng seeds can take up to 18 months to germinate, while ginseng plants can take around three to five years to mature.
Where can I find wild ginseng?
Wild ginseng can be found in several US states and it is especially prominent in the Appalachian mountains and foothills. Ginseng thrives in well drained loam soil and is typically found on north or east facing slopes in hardwood forests.
What is the most sought after ginseng?
The most valuable grade is “wild” ginseng. Known by its gnarled, striated appearance, and often decades old, it’s considered the most potent and is most coveted by buyers. Thirty-year-old wild root brings in several thousand dollars a pound.
