Most 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 has close to 1/4 of the world's population (1.3 billion people) and a $2.5 trillion economy, which 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.
As of 2007, I predict that this ginseng price trend will stay and will be strengthend more due to the insatiable demands of this item in the Chinese market. The demand will push the real wild ginseng prices to be closer to the Chinese real wild, which is at the brink of extinction, fetching prices more than gold prices. (About $1,000 to $5,000 per ounce for the Chinese wild ginseng!)
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 that it is not affected by the US economy or subject to the Federal interest rate.
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. The average price is over $90 per pound and 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.
Without any special skills required and low start-up 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 River 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 is becoming wiped out and nearing the brink of extinction because everyone in these countries know how valuable this herb is and many people hunt wild ginseng vigorously as their job.
You might be concerned about large corporations taking over this business but you don’t see the production of wild ginseng being taken over by large corporations because of the high cost of securing it and the long length of time required to show profitability.
The demand is increasing and the supply is decreasing, which means growing ginseng can be an extremely high profitable business.
I will post more articles regarding planting ginseng, harvesting ginseng, ginseng health effects and more later. Don't forget to bookmark this site for your future visits.