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How do I sell my ginseng?
There are three main ways to sell ginseng roots. First is to sell directly to wholesale buyers. This gets you paid right away, and you can sell right out of your backyard nursery. Second is to sell to out-of-state buyers.
How much is ginseng selling for now?
These small roots can also be quite profitable, currently selling for $2 to $3 each! 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. As any ginseng grower will tell you, that beats growing potatoes by a country mile!.
Is there a market for ginseng?
Market values The average price paid for the 2019-20 season was $550 per pound for dry and $160 per pound for green. It takes almost 300 roots to make one pound of dry ginseng. “That’s a lot of roots,” she said.
Can you make money selling ginseng?
Patient growers will love the profits you can make from mature ginseng roots. After the sixth year you should mature roots ready to sell. In a half-acre of land, you should able to produce several hundred pounds of roots. At that price, you could make well over $100,000, all just from your mature roots.
Who pays the most for ginseng?
China Is Paying Top Dollar for American Ginseng That Might Be Chinese. American-grown ginseng is prized in China, routinely fetching as much as $9,000 per pound. But much of the “American” root might actually be fraudulently labeled Chinese ginseng.
Where is the best place to find ginseng?
Ginseng is native to hardwood forests of North America, from southern Canada (Ontario and Quebec), west to South Dakota and Oklahoma, and south to Georgia. It usually grows in well-shaded areas (especially north- or east-facing slopes) of moist hardwood forests.
Is wild ginseng worth money?
Once your ginseng is mature and ready to harvest, you can make a lot of money. Seed is selling for about $150 a pound. Two and three year old rootlets can also bring a good amount of money your way. So after six years of growing ginseng, your half-acre ginseng garden could be worth over $100,000.
Why is ginseng worth so much money?
Lingering in the woods, poachers are ripping roots for the booming market where ginseng can reach up to $500–$1,000 per pound. The medicinal herb is primarily sold in Asia, where it has been historically used as an energy booster, aphrodisiac and health tonic.
Is it legal to 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 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.
What states does ginseng grow in?
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 half acre of ginseng worth?
In fact, it can take about five or six years until your roots are mature enough to sell. Don’t fret, while you’re waiting for that, you can make good money selling seed and rootlets, which are possible to sell after just a couple years. A half-acre of ginseng can be worth as much as $100,000 after five or six years.
How much does it cost to start a ginseng farm?
Modern ginseng cultivation today ranges from extremely intensive, high input, high risk, field production utilizing polypropylene shade cloth, with production costs alone of at least $65,000 per acre to establish and grow a three year crop, to less than a $100 investment in seed that may be grown in a “wild simulated” Oct 5, 2015.
What is the most profitable plant to grow?
8 Most Profitable Plants To Grow Bamboo. Landscapers and homeowners are paying as much as $150 each for potted bamboo plants, and many growers are finding it hard to keep up with the demand. Flowers. Ginseng. Ground Covers. Herbs. Landscaping Trees and Shrubs. Mushrooms. Ornamental Grasses.
Why do Chinese want ginseng?
In traditional Chinese medicine, Asian ginseng, particularly Panax ginseng, is used to increase strength, increase blood volume, promote life and appetite, and it has been prescribed for weakness, deficient qi patterns, anaemia and impotence.
How do you get certified for ginseng?
Wild American ginseng roots must be certified by the State or Tribe where the roots are harvested before they can be transported out of the 9 Page 11 State. To obtain contact information for specific State or Tribal regulatory agencies, visit http://www.ahpa.org/ GinsengStewardship.
