Ginseng is one of the most popular and profitable herbs in the entire world. A large portion of the population uses it on a consistent basis. They have to get their ginseng from somewhere, so why not your backyard nursery? Did you know you can make good money growing ginseng? It’s fairly cheap to get started too. Here’s how you can start a backyard ginseng nursery for $600:
Let’s first look at the potential for profit with ginseng farming. Ginseng certainly won’t make you money overnight. It can take about five to six years to grow mature roots. But don’t worry, in the meantime you can sell seeds and rootlets, also profitable plants. After those five or six years, you can expect to have about 500 pounds of mature roots, which are currently selling for $300 to $600 a pound. You can also expect to have about 100 pounds of seeds, which at this moment are going for about $150 a pound. You could also have a nice quantity of rootlets to sell as well. So let’s put it all together. If you have half an acre of ginseng, after five or six years how much could that all be worth? The answer is about $100,000.
Now you’re ready to get started. First think about your growing method. There are three. Chances are “woods-cultivated” is the method for you. It’s the most practical method for small growers. In this method you use the natural shade provided by hardwood trees, such as maple, oak and sycamore. Avoid conifers, such as pine, spruce, cedar or hemlock, as their roots could compete with ginseng roots for nutrients and water. Plant your ginseng under their shade and get ready to see some great results.
When buying ginseng seeds or rootlets, be sure you’re buying stuff that is high in quality. AT today’s prices, $600 will buy enough seed to plant a quarter acre. Make sure it is “stratified,” which means the berries have been de-pulped, and the seeds were buried in sand over the wintertime. To be safe, plan on soaking your recently-purchased seeds for two minutes in a solution that is made up of one part Clorox bleach to nine parts water. Then be sure to flush thoroughly with clean water.
Now you need to think about fertilizers if you plan to use the woods-cultivated method. There are two minerals you’ll want to add: calcium and phosphorus. Dolomite lime can supply calcium and magnesium. For phosphorus, consider using rock phosphate. It’s an inexpensive natural fertilizer. Also, be sure to use only organic matter, such as leaf mold and compost. These will help supply nutrients that can keep your ginseng disease-free. For any pest or disease problems you do encounter, once again only use organic solutions, such as yellow sticky traps for pests.
For $600 you can get started growing ginseng. Soon you could be making good money from ginseng production. To learn more, read Golden Harvest.
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