Most new growers are attracted by the potential profits, as the prices for mature ginseng roots has been climbing steadily in the last few years. As I write this, prices for quality roots are going for
between $300 to $600 per pound
.
Is growing ginseng profitable?
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
.
How much does cultivated ginseng sell for?
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 much is a pound of cultivated ginseng?
One pound of ginseng seed currently costs
around $50
and is enough to plant 1600 square feet or about 1/25 of an acre using the wild-simulated method described in this fact sheet. There are roughly 6,400 to 8,000 ginseng seeds per pound.
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.
How much is ginseng worth per acre?
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.
Is 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.
Is growing ginseng legal?
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. …
Why is ginseng 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.
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.
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
.
Does ginseng come up every year?
American ginseng flowers in late spring to early summer, generally June and July, in its native woodland habitat. It may not blossom every year, and it requires
two to four years of growth before
the flowers appear.
What is the most expensive 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.
What is ginseng used for illegally?
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 ginseng hard to find?
Ginseng can be hard to spot
. However once you find the first plant, it will be easier to find more.
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
.
