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per acre. For many centuries, it’s also been used for various health purposes. It takes a lot of hard work and regular attention and maintenance. Ginseng looks like a strawberry plant the first year and only has three leaves. Using an average price of $350 per pound, the value of the crop in ten years is $6,300 per one-tenth acre. Current prices for wild-simulated ginseng range from $200 to $500 per pound. Total labor per ½ acre (hours at $15 per hour) 825. Root yield per ½ acre. $14,819. There is one drawback: it takes … Patch Health and Security. According to some studies, average yield of garlic per acre is between 10,000 and 12,000 pounds and yearly profit per acre is around $80,000 what makes this crop one of the best cash crops with the highest profit per acre. During this time, wildlife, diseases, and poaching are the major risks to the ginseng crop. It’s a “rooty” crop that looks like ginger, and it is used a lot in teas and energy drinks. Throughout this series of ginseng fact sheets we are going to use one pound of ginseng seed as an example. Another grower and customer favorite is Elephant garlic, whose large, mild cloves bring $6-$8 per pound. Commercial ginseng farmers typically plant around 80 pounds per acre and increase that amount if viability tests come out low. Seeds planted per ½ acre ($180 per lb.) In the second year has five leaves and a second prong. So let’s look at these different considerations one at a time. Learn how to earn money by growing ginseng on your very own farm. Tools, pest control, fertilizer, and other expenses. One pound of ginseng seed currently costs \$85 to \$150 and is enough to plant 1,600 square feet or about 1/25 of an acre using the wild-simulated method described in this fact sheet. Four-year old roots are very commonly harvested. (Note: Prices of more than $500 are not uncommon for older, high-quality roots.) 2. We briefly mentioned this earlier, but ginseng sells for some really high prices, especially the wild one. With a market value of around $100 per lb., seed should bring about $10,000 to $25,000 per acre per year once the plants come of seed bearing age. Harvesting and Drying Roots The roots can be harvested once they reach a fresh weight of about 1 ounce, usually within 4 or 5 years. Total costs per ½ acre. Wildlife. 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. Ginseng growers have seen over $100,000 per acre in profits. Ginseng $500-$600 per pound. Yields as high as 2,500 pounds of dried root per acre have been reported. Subtracting costs ($1,925) leaves a profit of $4,375 on one-tenth of an acre. Wild-Simulated American Ginseng Production Profit Potential on ½ Acre* Time to first harvest. Plants need to grow for roughly ten years to achieve a profitable size. 80 lbs. That same space of land should have about 500 pounds of roots, which are selling for $300 to $600 a pound. There are roughly 6,400 to 8,000 ginseng seeds per pound. Establishment costs for one acre of ginseng beds, under wood lath shade or under polypropylene shade cloth, varies from $20,000 to $40,000 depending upon the current prices of materials needed. Growers have reported seed yields of 150 to 250 lb. 10 lbs. This method may appeal to the grower with an acre or two of woodland suitable for ginseng or even for a small scale grower interested in growing ginseng for personal consumption. $644. 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. Final Product. It has the potential for the greatest gross profit per square foot per year. Deer prefer to eat 1-year-old plants. Most of us won’t be planting 80 pounds of seed in a year, however. The third year the ginseng plant will produce seed. 7-12 years. 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