How much is ginseng per pound in Kentucky?
Ginseng may go for between $400 and $1,000 a pound, but Childress says it takes hundreds of dried roots to make weight. Childress says a pound and a half is typically his whole take for a year.
Is older ginseng worth more?
Harvesting. Wild-simulated ginseng requires eight or more years between planting and harvest. The older roots are worth much more. This is because the root grows in size every year and older roots are worth more money per pound.
What 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.
What is the most expensive ginseng root ever sold?
This 65-Year-Old Root in a Box Costs $588,000.
How much can you sell a pound of ginseng for?
The price of wild ginseng roots has climbed in the last decade. Now domestic buyers pay $500 to $600 per pound compared with about $50 per pound of cultivated roots.
Can you sell ginseng in Kentucky?
You can sell fresh, green ginseng on September 1. Dry ginseng can be sold from September 15-March 31 to licensed Kentucky dealers. Only Kentucky licensed dealers can legally export ginseng out of Kentucky, and it must accompanied by appropriate documents.
Where does ginseng grow in Kentucky?
Kentucky is one of 19 states with a wild ginseng program in place, thanks to the Commonwealth having an abundance of forested habitat that is ideal for growing the plant. In fact, eastern Kentucky is regarded as one of the most prominent areas in the United States for ginseng to flourish.
Who do you sell ginseng to?
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.
How much does wild ginseng sell for a pound?
2018 the price of Wild Ginseng was $550-$800 per pound. 2019 the price of Wild Ginseng was $550-$800 per pound. 2020 the price of Wild Ginseng was $650-$800 per pound. 2021 the price of Wild Ginseng was $700-$825 per pound.
How much do ginseng roots sell for?
The price of wild ginseng roots has climbed in the last decade. Now domestic buyers pay $500 to $600 per pound compared with about $50 per pound of cultivated roots. Law enforcement officials say the prices have pushed people looking for quick money into the woods.