After a few years of growing ginseng, you should have about 100 pounds of seed each year for every half-acre of ginseng you’ve planted. That same space of land should have about 500 pounds of roots, which are selling for $300 to $600 a pound.
How do you sell ginseng roots?
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.
What is ginseng root worth?
The roots can fetch as much as $500-$1,000 per pound. The harvest of wild ginseng is illegal, but the high price opens up a black market to the plant.
How much money can you make growing ginseng?
The crop is so valuable that a growing guide from Purdue University recommends protecting your investment by “installing security cameras, keeping guard dogs, and embedding microchips” in the roots. 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.
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.
Is ginseng worth money?
American ginseng (Panax quinquefolius) is a plant of great value. Tens of thousands of pounds are harvested from the wild each year. But the average harvest amount has dwindled, while price has skyrocketed.
How many ginseng roots does it take to make a pound?
There are roughly 6,400 to 8,000 ginseng seeds per pound. For example, if 50% of this seed makes it to maturity after 10 years, approximately 3500 mature roots would be produced from one pound of seed. Using conservative estimates of about 275 dry Figure 1. Shade grown and wild grown ginseng root.
Why is ginseng root so valuable?
There are two reasons its so expensive. Some Chinese people believe ginseng roots are good medicine – even an aphrodisiac. They think roots that lived in a nature for a long time are much more potent than farmed ginseng, which costs a tiny fracture of this amount. It’s an investment commodity.
What is the most expensive ginseng root?
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.
What states allow you 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.
What is the most profitable thing to farm?
10 Most Profitable Specialty Crops to Grow Lavender. Lavender farming can produce above-average profits for small growers, as it is such a versatile crop. Gourmet mushrooms. Woody ornamentals. Landscaping trees and shrubs. Bonsai plants. Japanese maples. Willows. Garlic.
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 best cash crop for a small farm?
Cash Crops for Small Farm Profit Bamboo. Already popular in Asia, bamboo is gaining popularity around the world for its variety of uses, such as fencing material, fabric and food. Specialty Mushroom. Perfect crops for beginning farmers are specialty mushrooms, such as oyster mushrooms. Lavender. Garlic. Christmas Trees.
What is the price of ginseng currently per pound?
2018 the price of Wild Ginseng was $550-$800 per pound. 2019 the price of Wild Ginseng was $550-$800 per pound.
Can I grow ginseng in my backyard?
Environment. Ginseng grows best in a warm, moist environment, so if you live in a colder area you’re going to have a hard time growing this cash cow of a plant. Thankfully, it’s a hearty plant, so if you install a greenhouse on your lawn, or build a growing room in your home you can easily grow ginseng all year round.
How long does ginseng take to grow?
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 make money selling ginseng?
Once your ginseng is mature and ready to harvest, you can make a lot of money. Seed is selling for about $150 a pound. After a few years of growing ginseng, you should have about 100 pounds of seed each year for every half-acre of ginseng you’ve planted.
Where does ginseng grow the best?
Ginseng grows best in a moist, well drained soil. Successful growth of ginseng most often occurs in sites where herbaceous woodland plants such as Jack-in the-pulpit, bloodroot, Solomon’s seal and ferns are growing.
What is ginseng good for?
Ginseng has been used for improving overall health. It has also been used to strengthen the immune system and help fight off stress and disease. There are different types of ginseng. Asian ginseng (from Chinese and Korean sources) has been used for unclear thinking, diabetes, and male erectile dysfunction.
Does ginseng work like Viagra?
Ginseng likely works like Viagra in relaxing muscles and improving blood flow to the genital region.
Is ginseng bad for your liver?
When used on its own, ginseng is thought to be relatively safe for liver health. However, ginseng has the potential to react with medications, which can lead to liver injury and other potentially dangerous side effects ( 25 , 26 , 27 ).
What is the biggest ginseng root ever found?
Mark MacDonald of LaVale, Maryland shows off the monster ginseng root he found on September 6th in Allegany County, Maryland. Believed to be the biggest ginseng root ever discovered. LAVALE, Md.