Ginseng Farming
A Cash Crop Gold Mine

Ginseng farming reaps $50,000 to $70,000 per acre. This highly profitable root may be just the crop you need to plant to boost your farm revenues.

"There's such demand, we can say, 'This is the price; take it or leave it.'" Joe Heil president of the Ginseng Board of Wisconsin (Quoted from The Milwaukee Journal/Sentinel)

Ginseng Prices

Ginseng roots sell for $23 to $60 a pound according to an article that appeared in the Milwaukee Journal/Sentinel newspaper. Average ginseng prices command $35 to $40 a pound. The wide range of prices is dictated by the quality of the crop.

Wild ginseng, grown in the woods, reaps even higher prices. In 2007, wild ginseng hit nearly $1,000 per pound.

Ginseng buyers want the gnarly root to be clean and dried. They are looking for the root to be golden in color. The wrinkles should be showing.

Expect to negotiate to get your best ginseng prices. So don't accept any low ball offers. You have a valuable crop and there is high demand for it. Unless the quality of your crop is compromised in some way, you don't have to accept a low offer.

For the highest price it is best to sell direct to the food processor. Avoid the middle men like dealers who want to buy low. Middle men buy below wholesale, and then markup the price when they sell up the chain.

Expect your buyers to come from China, Singapore, Hong Kong, and the United States eastern and western coastal states.

Ginseng Farming - How To Grow Ginseng

Ginseng farming is a bit different from growing other cash crops like corn or wheat. Ginseng loves shade. It grows naturally in the forest. If you don't have shaded acreage, you will need to provide some artificial shade.

Large commercial ginseng farming operations build protective shading. This is labor intensive and expensive. The shades must be put up early in the spring and removed manually prior to harvest.

Ginseng is a slow growing crop. It takes at least three years from the time the seed is planted until the roots are harvested. Weather and rodents can damage your crop reducing yields. It is recommended that you plant stratified seed. This reduces the period of seed vulnerability.

Ginseng loves rich cool topsoil, rich in nutrients and minerals. It also requires good drainage. Hilly land is ideal for this crop. That is why Marathon county Wisconsin is the Ginseng capital in the United States. 95% of ginseng is grown in Wisconsin and most of that in Marathon county.

The strangest fact I found out about Ginseng is that you can't replant ginseng in the same spot. The reason is unknown. You can grow corn or winter wheat in soil vacated by ginseng.

Your plant beds should run up and down the slope as oppose to across the slope. This allows for better drainage.

There are two types of ginseng. The American ginseng (Panax quinquefolius), which has a white root, is used to cool the body. Asian ginseng (Panax ginseng), which has a red root, warms the body and is grown in Asia.

Plant either roots or seeds in the fall to early February. Don't plant all your crop at once. Plant some every year. That way you will have a crop every year.

Plant your seeds four to six inches apart in rows. Your rows should be eight to ten inches apart. For best results, plant the ripe seeds under ¾ to 1 inch of soil. This will increase the number of seedings.

Hand weed your crop every two weeks. Likewise you will need to hand pick your seed for next years planting.

Your crop can be uprooted by machine in fields like potatoes. But you will still need lots of help to pickup the root manually.

As you can see ginseng farming is labor intensive, yet highly profitable.

What Does Ginseng Do? What is Ginseng Good For?

You might be wondering just what does ginseng do, what is it good for? Ginseng has many healthful benefits. Here are a few.

In a pilot study held at Mayo Clinic in Rochester Minnesota, taking a large dosage of Wisconsin ginseng was helpful in reducing cancer-related fatigue. Ginseng is also used to ward off the common cold and reduce blood sugar levels in diabetes patients.

Here are the sources for this ginseng health information. (new window)

Asians love ginseng for a variety of ailments. It is used as an aphrodisiac and nourishing stimulants. Ginseng is used in tea, power drinks, supplements, and hand creams to name a few products.

Wild ginseng is the best plants to harvest. But beware! You need a license to harvest wild ginseng from your state government.

Selling Your Ginseng Crop

Ginseng farming is hard work. But to make it worth while, that is, profitable you need buyers. The more the merrier. The best way to reach a global clientele is to create a website about ginseng.

A website is your sales letter to the world. It will attract everyone who has an interest in your cash crop. Some people will be looking for tips on growing ginseng. Others may be looking for root stock or seeds for their planting. Others will be looking for growers who have a crop to sell.

Tell your prospective buyer how you grow ginseng. Emphasize the benefits why they should buy from you. There isn't any reason why you can't cut out the middle man and keep the greater share of your hard earned profits.

You can build your own website. Just realize it takes time to write many pages of quality content and get them to rank high in the search engines. The most successful webmasters follow the CTPM process (new window) taught by SiteSell.

You can learn this process by following their printed Action guide or video. This is what I did. Now my first successful website ranks in the top 1% according to Alexa, the web traffic measuring company.

Don't have the time to build a website? Hire a certified SBI trained expert. (new window)

Let SiteSell's specially trained experts build your site for you using SBI! and the proven C T P M process.

Quality content written around focused keywords will draw online searchers to your website.

SiteSell Services builds you a site that generates new leads and helps you to convert them to customers.

Ginseng Farming Conclusion

Ginseng farming is a highly profitable agricultural business opportunity. Where else can you find a cash crop that pays you $50,000 to $70,000 per acre? Even a small garden full of ginseng can be a profitable endeavor for you.

"There's such demand, we can say, 'This is the price; take it or leave it.'" Joe Heil president of the Ginseng Board of Wisconsin (Quoted from The Milwaukee Journal/Sentinel)

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