Current prices for wild-simulated ginseng range from $200 to $500 per pound. For many centuries, it’s also been used for various health purposes. Ginseng growers have seen over $100,000 per acre in profits. It has the potential for the greatest gross profit per square foot per year. So let’s look at these different considerations one at a time. Four-year old roots are very commonly harvested. 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. 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. 10 lbs. During this time, wildlife, diseases, and poaching are the major risks to the ginseng crop. (Note: Prices of more than $500 are not uncommon for older, high-quality roots.) Plants need to grow for roughly ten years to achieve a profitable size. 80 lbs. The third year the ginseng plant will produce seed. per acre. Learn how to earn money by growing ginseng on your very own farm. We briefly mentioned this earlier, but ginseng sells for some really high prices, especially the wild one. Total costs per ½ acre. Ginseng looks like a strawberry plant the first year and only has three leaves. Most of us won’t be planting 80 pounds of seed in a year, however. Final Product. It’s a “rooty” crop that looks like ginger, and it is used a lot in teas and energy drinks. 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. 7-12 years. $644. Throughout this series of ginseng fact sheets we are going to use one pound of ginseng seed as an example. It takes a lot of hard work and regular attention and maintenance. Subtracting costs ($1,925) leaves a profit of $4,375 on one-tenth of an acre. Densities range from 120 plants per acre to 43,560 plants per acre. Using an average price of $350 per pound, the value of the crop in ten years is $6,300 per one-tenth acre. There is one drawback: it takes … Growers have reported seed yields of 150 to 250 lb. Wild-Simulated American Ginseng Production Profit Potential on ½ Acre* Time to first harvest. In the second year has five leaves and a second prong. Root yield per ½ acre. That same space of land should have about 500 pounds of roots, which are selling for $300 to $600 a pound. Ginseng $500-$600 per pound. 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. 2. 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. Yields as high as 2,500 pounds of dried root per acre have been reported. 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. 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. Another grower and customer favorite is Elephant garlic, whose large, mild cloves bring $6-$8 per pound. Wildlife. Total labor per ½ acre (hours at $15 per hour) 825. There are roughly 6,400 to 8,000 ginseng seeds per pound. Deer prefer to eat 1-year-old plants. 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. Seeds planted per ½ acre ($180 per lb.) Patch Health and Security. $14,819. 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