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| Beginner Needs Help Marketing Ginseng |
Answered by: Richard Alan Miller
Question from: Daniel
Posted on: November 10, 2005
I have recently been introduced to harvesting ginseng. I need help finding a buyer I dont really now who to trust, or who to sell to. Any help will be greatly recieved.
Back in the year 2000 I wrote that Missouri is a good state to find woods grown ginseng, and some of the growers are also occasional buyers. The markets right now are flush, so the chances of a sale are ranging from none to nil (for the moment). I would be VERY interested in representing your wildcrafted Ginseng, as there are shortages of this form and I know buyers in North Carolina right now.
Current prices for a woods grown ginseng begin at $40/lb. for a 4-year old root. Some that are over 7 years old can go for up to $180/lb., but this was last Summer. Wild ginseng is another matter, with prices up to $250/lb. You have to realize that there are more than 12 different points on determining the price for this product. It’s complicated.
If you would like some representation, you need to contact me directly (as a broker).
There is a surplus of woods grown ginseng right now, and a shortage of wildcrafted products. My buyer for the wildcrafted has been marketing them since 1968. Woods grown is a recent addition, although the markets are growing over cultivated varieties. Some restrictions apply for chemicals on normal cultivation (like Quintazine), especially imports from Canada.