There are three main ways to sell ginseng roots. First is to sell directly to wholesale buyers. This gets you paid right away, and you can sell right out of your backyard nursery. Second is to sell to out-of-state buyers.Oct 1, 2019

How much can I sell my ginseng for?

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. That same space of land should have about 500 pounds of roots, which are selling for $300 to $600 a pound.

Is it legal to sell ginseng?

Wild and wild-simulated American ginseng roots can only be legally exported if they were harvested from plants that are 5 years of age or older and were legally harvested during the designated State harvest season. … It is illegal to harvest American ginseng roots on most State lands and all National Park Service land.

How much does ginseng sell for in 2020?

This year, even the rounder roots are only bringing between $500 and $600 a pound, as opposed to last year when the price was $600 to $800. Some years, ginseng was going for $1,100 a pound, like it did the year before the recession in 2008, when it dropped to $300.

How much is ginseng worth?

Market values The average price paid for the 2019-20 season was $550 per pound for dry and $160 per pound for green. It takes almost 300 roots to make one pound of dry ginseng. “That's a lot of roots,” she said.

What is ginseng worth a pound?

The average price per pound was $600.00 at mid-season point (October), which is quite high compared to other years, also illustrating the erratic nature in the ginseng market. Prices per pound did have the same result as many years, in that the later in the harvesting or selling season, the higher the price.

How much is an acre of ginseng worth?

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. There is one drawback: it takes from five to 10 years for the roots to reach a marketable size.

Is ginseng profitable to grow?

Growers can make a solid income from even a small space, as well. For example, a half-acre planted in ginseng will start producing seeds in the third year. … At the current prices, a half acre garden could produce $100,000 worth of seeds and roots over a six year period, or over $16,000 per year.