The most expensive type of ginseng known in the world is “Wild Ginseng”. This ginseng type, which is very old with its knots and lines on the body, is considered one of the most effective ginseng in the world.
A wild ginseng root around the age of 20-30 years can be sold for several thousand dollars.
Why is Wild Ginseng So Expensive?
Many people around the world use the ginseng plant to find a cure for their illnesses. Especially in China, people consume this ginseng for healing purposes.
It is thought that wild ginseng, which grows spontaneously in nature, is stronger than ginseng produced artificially by humans.
This difference in strength also causes wild ginseng to be more expensive. In addition, the aphrodisiac effect of ginseng helps people to address any sexual problems, adding to the increase in the popularity of this plant.
Wild ginseng is also included in many supplemental products on the market, as consumable items or beauty products. The fact that wild ginseng is more potent than other varieties, inevitably causes its price to be a little more expensive than normal ginseng.
Why is Appalachian Ginseng So Expensive?
The reason why Appalachian ginseng is expensive is that this type of ginseng is on the verge of extinction.
Appalachian ginseng, one of the strongest types of ginseng, grows wildly. Therefore it is more potent than other, artificially grown forms of ginseng.
Generally speaking, ginseng that tends to grow on high mountain slopes are collected in limited numbers by collectors to avoid extinction.
Appalachian ginseng not only takes years to grow but is very rare and difficult to find.
How Much is Appalachian Ginseng Worth?
Wild roots, such as Appalachian, are commonly used in medicine. This root varies between $500-1000 per pound. These roots are often found in the black market due to their exorbitant prices.
Why Does Ginseng Grow in Appalachia?
In the 1700s, Ginseng collectors preferred to go to the Appalachian mountains to avoid the Chinese state taxing the ginseng harvest at high prices.
Since then, many ginseng collectors went to these mountains seeking old roots and managed to harvest without destroying the ginseng generation here.
The most attractive feature of ginseng growing in the Appalachian mountains is that it is much stronger than normal ginseng.
However, in general, the long maturation period of the ginseng plant means that some ginseng collectors harvest the plant at an early age before they are ready.
If ginseng is harvested too soon, it fails to reproduce and seed the next generation of ginseng.
The harvest and supplement project implemented by the Chinese state aims to promote sustainable ginseng cultivation. These laws play an important role in ensuring the continuity of the generation.
Otherwise, the ginseng population in the world will be doomed to decrease every year.
What is Korean Wild Ginseng?
Wild Korean ginseng is a type of ginseng that grows from bird droppings grown in Korea. This wild ginseng is one of the self-growing wild ginseng species.
One of the biggest benefits of this ginseng is its resistance against cancerous cells and its incredible resistance in the treatment of this disease.
Why is Growing Ginseng Illegal?
It is not illegal to harvest the ginseng plant. However, it is illegal to harvest this plant before it reaches maturity and can reproduce.
The ginseng plant is a herb that has healed many people for centuries. Today, ginseng extract is still used in many incidences in the medical field.
It takes 4-5 years on average for this natural wonder to reach full maturity. Ginseng plants are perennial plants, meaning that they live for years and are slow to grow.
It is quite possible to come across ginseng between the ages of 20 and 40 years old. However, some ginseng collectors harvest these plants before they reach old age, this is why finding ginseng of this age is rare. But left undisturbed, ginseng will thrive for decades.
In addition, unripe and immature ginseng does not produce the same health benefits as older ginseng.
For all these reasons, states apply administrative action to those who pick ginseng that has not reached the harvest age.
Enforcing rules and limitations on the collection of ginseng has been very beneficial for the protection and continuity of generations of ginseng.
How Do I Sell Ginseng Root?
There are many ways to sell the ginseng herbs you have grown. First of all, you can sell the ginseng you have to the buyers first hand.
The point you should pay attention to here is that you should find the right buyer with the right pricing.
Besides being a good and honest grower or collector, you should also market your products well. The easiest and fastest way to sell your ginseng is in bulk via wholesale sales.
This can save you large sums over time. Another selling option is to sell out of state or internationally. This method is also one of the most profitable.
Is There Money in Ginseng?
Ginseng production is one of the most profitable businesses. You can sell the ginseng you grow at high prices and get very good profits from this business.
Ginseng seeds are sold for an average of 150-200 dollars per kilo, so long as they are around a minimum of 4-5 years old.
Over an average of 6-7 years, you can make $100,000 profit in a half-acre area from the ginseng plants you have grown.
How Much is Raw Ginseng Worth?
The price of raw ginseng is increasing every year. In recent years, the price of raw ginseng has been consistently increasing.
The weight of raw ginseng roots varies between $200-300 per kilo on average. But this price increases every year as raw ginseng becomes rarer.
It is thought that raw ginseng, which has witnessed a noticeable price increase in the last ten years, will reach even higher prices in the future.
At the same time, raw Korean wild ginseng, which has a strong aphrodisiac effect, is a cure-all for many with sexual impotence and reaches among the highest prices.
Hi, I’m John Stephens, chief editor and writer for Totalgardener.com. I’ve been gardening and raising animals for over 15 years starting with a small backyard plot in Northern Virginia where I grew corn, potatoes, squash, and using a high mulch technique called the Ruth Stout Method. I also raised ducks and small mammals for meat and eggs in a movable pen similar to the ones used by Joel Salatin. I later moved to Colorado where I experimented with growing greens using aquaponics inside. I eventually added a microgreens setup and home sprouting operation. I’m excited to share everything I’ve learned plus more from the other local gardening and animal raising experts I know.