Often asked: How Much Can You Make Farming Ginseng?

How much money can I make growing ginseng?

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!

How much is an acre of ginseng worth?

Yields as high as 2,500 pounds of dried root per acre have been reported. Establishment costs for one acre of ginseng beds, under wood lath shade or under polypropylene shade cloth, varies from $20,000 to $30,000 depending upon the current prices of materials needed.

How much ginseng can you grow in an acre?

Currently, good quality 8 to 10 year old wild simulated ginseng is being sold for upwards of $800 per dry pound, or $200 per fresh weight pound. A good wild simulated yield could be as much as 300 pounds fresh weight per acre.

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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 you make money growing ginseng at home?

Growing ginseng is one of the best ways to turn your backyard or acreage into extra income growing these high-value plants, which can produce roots worth several hundred dollars per pound.

How much is ginseng selling for a pound?

2017 the price of Wild Ginseng was $500-$800 per pound. 2018 the price of Wild Ginseng was $550-$800 per pound. 2019 the price of Wild Ginseng was $550-$800 per pound.

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.

What is the most profitable crop per acre?

Goji Berries With yields up to 7,000 pounds per acre in fresh berries, this is potentially a lucrative cash crop for American farmers. Goji berries, a close relative of tomatoes, grow on head-high shrubs.

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.

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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 like to grow?

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.

Will ginseng grow under pine trees?

Yes, ginseng can grow under pine trees.

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.

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.

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.

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