Ginseng is one of the most popular herbs in the world. It has dozens of medicinal uses, and is taken daily by millions around the world. So what are some ways you can profit growing ginseng? Here are three profitable ways to get you started:
1. Mature roots
Patient growers will love the profits you can make from mature ginseng roots. After the sixth year you should mature roots ready to sell. In a half-acre of land, you should able to produce several hundred pounds of roots. So how much are those selling for? Currently, those are routinely selling for $300 to $600 a pound. What makes the price vary so much? The answer is the quality of the roots. That’s why it’s in your best interest to plant quality seeds or rootlets and take great care of your ginseng as it grows. So let’s do the math. Let’s say you’re able to sell your roots for $400 a pound. At that price, you could make well over $100,000, all just from your mature roots.
In August or September, when the leaves of your plants are turning yellow and the tops are dying down, then your roots are ready to be dug. Be sure to dig carefully, and try to get the root out in one piece. If it breaks, that’s okay, you can still use it, but it won’t bring as much money as complete roots.
After the third year, your ginseng garden should be producing seed that you can start selling. By that third year, in a half-acre garden you’ll only have about twenty pounds of seed. After the fourth year that number will jump to around fifty pounds of seed. After the fifth and sixth years you can expect around one hundred pounds of seed. So how much can you make from that? Currently, seed is selling for about $150 a pound. If you have one hundred pounds of seed to sell, that could mean about $15,000 coming your way.
Ginseng growers start their own ginseng gardens with either seeds or rootlets. For growers, rootlets allow them to speed up the process by two years. Rootlets can help ginseng grow a little quicker. If you’re looking to make a little extra money, consider growing rootlets for resale. This is a good way to make money while you’re waiting for your roots to mature. You can sell one-, two-, and three-year-old rootlets. You’ll get different prices based on how old the rootlets are. Currently, 2-year rootlets sell for around $2 each.
These are three ways to make a good profit growing ginseng. After the sixth year you can start selling mature roots, which can bring you some big profits. After the third year you can begin selling seeds. Or maybe you’d like to sell rootlets, which allow ginseng growers to speed up the process and see results quicker. Try one or all three, and you’ll soon be making nice money growing ginseng for profit. To learn more, read Growing Ginseng For Profit.