Ginseng breeding is a very profitable business investment. Today, a single ginseng root is sold for $3-4. Although some difficulties can be encountered during its production, if ginseng is left to mature properly, it can bring in big profits in the long run.
You can produce $100,000 worth of Ginseng in 3-4 years on half an acre of land. As all Ginseng breeders know, the most important thing in this job is patience, because Ginseng plants can take years to fully mature.
Why Do Growers Prefer Ginseng?
The rapid rise of the Ginseng plant in the market in recent years and the high-profit margins that can be had, encourage producers to grow Ginseng.
In addition, Ginseng breeding, which can easily be started with a small amount of capital, can provide you with high profits over time. Currently, the price of ripe Ginseng roots per pound varies between $300-500.
The only disadvantage of the Ginseng plant is that it takes several years to mature. For this reason, breeders must be ready to wait a few years before they see their initial profits.
Is There A Good Market For Ginseng?
The expansion of the Ginseng market is widening every day due to increased demand and the ability to make Ginseng products in many forms. The cultivation of Ginseng is booming across America and East Asia and greater availability has made Ginseng very popular in recent years.
The fact that the demand for Ginseng has been increasing for centuries for its therapeutic abilities, especially in the field of alternative medicine, makes Ginseng one step above regular kitchen herbs.
The Ginseng plant is used in the treatment of many diseases. In addition, many people today benefit from the aphrodisiac effect of Ginseng.
When all these factors are combined, producers make greater efforts in the production and breeding of Ginseng and play an active role in advertising its benefits.
How Much Does it Cost to Start a Ginseng Business?
You do not need a large amount of capital to start a Ginseng business. With just a small amount of investment, you can potentially make quite a bit of profit and a full-time living from Ginseng production.
You can set up your Ginseng farm on half an acre of land for around $1000-2000. With the tree growing method, you can seed 60 pounds per acre.
In about 3-4 years, you can make an average of $50,000 – $100,000 profit from the half-acre of land you planted, depending on the type of Ginseng you chose to breed.
What Do I Need to Know Before Starting a Ginseng Business?
There are some important factors to be considered when investing in Ginseng. These factors can predict how well the invested capital will yield returns.
Soil and Climate
Firstly, you must consider soil and soil quality. It is a factor that allows the life of living organisms in quality and healthy soil and constantly renews itself.
A high-quality soil will help you grow healthy Ginseng roots and a greater quantity. Another important issue is the climate and weather conditions.
Ginseng plants generally like to live in temperate climates, and extreme heat or cold can cause them to show growth abnormalities, wither, or freeze to death.
Therefore, before making your investment, you should make sure that your Ginseng plants can keep up with the climate you chose to farm in.
Another issue to be considered in the cultivation of Ginseng plants is crop theft. You should make sure that the land where you are going to plant your plants is not close to areas where Ginseng hunters roam freely.
Some hunters who come across large Ginseng farms may steal your plants. Despite laws against this, there are those who choose to break the law and you can suffer losses, so make sure your farm is secure.
Since Ginseng plants grow at high altitudes, it is very difficult for them to grow well at low altitudes. Small water pockets and slopes overlooking the river are very suitable for a fertile Ginseng plantation. The soil must be moist and natural water will water your Ginseng regularly.
Otherwise, you may have to install an automated irrigation system, or manually water them yourself, which is far more labor-intensive.
Understanding how Ginseng behaves and how best to grow them will make your investment profitable. Knowledge gives the grower a business advantage.
Why Is Ginseng Expensive?
Centuries ago, natives of the Southern Appalachian region gathered natural Ginseng to sell to Europe and the Americas. The people that bought these plants were mostly small tribes but now Ginseng is sold by large enterprises.
Collectors, who took orders from all over the world, we’re able to reinvest in production and make larger and larger farms that produce more and more of the crop. More hunters began to seek out the wild plant for profit.
Over time, due to over-harvesting, the natural life of these plants has shifted to farm production because natural Ginseng is in decline.
Plants planted by professional agriculturalists and expert teams have spread all over the world, delivered by experienced transportation companies.
Today, Korea and Japan meet most of the Ginseng needs of China, which is known for its fondness for the Ginseng plant.
The American Ginseng, on the other hand, had the opportunity to export to many countries from China to Europe.
All of these factors contribute to the rising price of Ginseng worldwide, and the market is showing no signs of slowing down anytime soon.
How Much Can You Make from Ginseng?
You can seed 15 pounds of Ginseng per acre using the wild-growing or ‘woods’ cultivation method. Half acre of land will give you a profit margin of $50,000 after an average of 5 years.
Ginseng growing is a business model with a very high-profit margin. With a small amount of investment capital, you can yield good results and gradually expand your business with reinvestment.
During this process, you should ensure the continuity of your crop by waiting patiently. Ginseng can take a while to mature and be ready for sale, so you must take this into account before setting up your farm.