Grow Wild Ginseng as a Business
business opportunities are well suited to only a very small percentage of
people who have specific skills, knowledge or personal traits. The reality is
that most business opportunities are simply good opportunities that may or may
not go broke. Growing wild ginseng is different.
China is a vital component to ginseng
business. Over 90% of ginseng harvested goes to China. The market has always been Chinese
and always will be. China¡¯s $2.5 trillion economy is the
second largest and fastest growing economy in the world. With a growing
economy, more people can afford high luxury herbs such as ginseng. This means
more demand for ginseng growing businesses, especially as the currency value
increases, we can sell ginseng at higher prices.
The current price at $400 or more
per pound is extremely valuable. It will cost about $1500 per acre to plant
ginseng, and after 10 years, you will harvest over $100,000 worth of ginseng per
acre. It is inflation proof, which means it is not affected by US economy or subject to the Federal
As the term indicates, wild
simulated ginseng is grown in its natural habitat. The only major work involved
is in planting and harvesting. Growing ginseng is deceptively simple. Planting
is a lot of work, but you only have to do it once. Harvesting also is a lot of
work but you can hire a large crew at a fairly low cost. The rest, monitoring
and care, is easy and does not take much time.
You would not expect a lump sum of
major profits until you harvest the roots. But you can harvest the ginseng
seeds when they are 5 years or older. Ginseng seeds are also so valuable that
it can be sold for a good price. Average price over $90 per pound, you can harvest about
60-100 pounds per acre to sell every year. It is not a lot of money but if you
have over 10 acres of ginseng growing, it will be a substantial amount of
income that you will generate every year until harvesting the roots.
any special skills required and a low startup costs, just about anyone can get
started in this business venture. There is very little competition for growing
wild (simulated) ginseng because not many people know about it in the United States. East
of the Mississippi
in the United States has the suitable climate, soil, and geographic location for growing ginseng. East Asia, especially China and Korea, also has good climate, soil conditions,
but most of their wild ginseng are wiped out because everyone in these
countries knows how valuable this herb is, many people are hunting wild ginseng
vigorously as their job. And also you don¡¯t see the production of wild ginseng being taken over by
large corporations because of the cost of securing it and the length of time
required to show profitability.
demand is increasing and the supply is decreasing, which means growing ginseng can
be an extremely high profitable business.
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