ginseng profit per acre

Most of us won’t be planting 80 pounds of seed in a year, however. (Note: Prices of more than $500 are not uncommon for older, high-quality roots.) After a few years of growing ginseng, you should have about 100 pounds of seed each year for every half-acre of ginseng you’ve planted. Another grower and customer favorite is Elephant garlic, whose large, mild cloves bring $6-$8 per pound. Establishment costs for one acre of ginseng beds, under wood lath shade or under polypropylene shade cloth, varies from $20,000 to $40,000 depending upon the current prices of materials needed. Wild-Simulated American Ginseng Production Profit Potential on ½ Acre* Time to first harvest. With a market value of around $100 per lb., seed should bring about $10,000 to $25,000 per acre per year once the plants come of seed bearing age. Learn how to earn money by growing ginseng on your very own farm. One pound of ginseng seed currently costs \$85 to \$150 and is enough to plant 1,600 square feet or about 1/25 of an acre using the wild-simulated method described in this fact sheet. There are roughly 6,400 to 8,000 ginseng seeds per pound. There is one drawback: it takes … We briefly mentioned this earlier, but ginseng sells for some really high prices, especially the wild one. The third year the ginseng plant will produce seed. Subtracting costs ($1,925) leaves a profit of $4,375 on one-tenth of an acre. Ginseng growers have seen over $100,000 per acre in profits. Ginseng looks like a strawberry plant the first year and only has three leaves. Patch Health and Security. Growers have reported seed yields of 150 to 250 lb. Tools, pest control, fertilizer, and other expenses. It has the potential for the greatest gross profit per square foot per year. per acre. Deer prefer to eat 1-year-old plants. Seeds planted per ½ acre ($180 per lb.) $644. Total labor per ½ acre (hours at $15 per hour) 825. Using an average price of $350 per pound, the value of the crop in ten years is $6,300 per one-tenth acre. So let’s look at these different considerations one at a time. During this time, wildlife, diseases, and poaching are the major risks to the ginseng crop. According to some studies, average yield of garlic per acre is between 10,000 and 12,000 pounds and yearly profit per acre is around $80,000 what makes this crop one of the best cash crops with the highest profit per acre. 2. That same space of land should have about 500 pounds of roots, which are selling for $300 to $600 a pound. Total costs per ½ acre. Final Product. Wildlife. This method may appeal to the grower with an acre or two of woodland suitable for ginseng or even for a small scale grower interested in growing ginseng for personal consumption. It’s a “rooty” crop that looks like ginger, and it is used a lot in teas and energy drinks. Plants need to grow for roughly ten years to achieve a profitable size. Commercial ginseng farmers typically plant around 80 pounds per acre and increase that amount if viability tests come out low. $14,819. Throughout this series of ginseng fact sheets we are going to use one pound of ginseng seed as an example. Current prices for wild-simulated ginseng range from $200 to $500 per pound. The ginseng market varies from year to year, but when the price is high it’s possible to net up to $50,000 per acre. 80 lbs. Harvesting and Drying Roots The roots can be harvested once they reach a fresh weight of about 1 ounce, usually within 4 or 5 years. 7-12 years. 10 lbs. Root yield per ½ acre. It takes a lot of hard work and regular attention and maintenance. In the second year has five leaves and a second prong. Densities range from 120 plants per acre to 43,560 plants per acre. Ginseng $500-$600 per pound. Four-year old roots are very commonly harvested. 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