I had hopped to dig some of my stuff this year...but not now. It is better to leave it in the ground to make more seed and get bigger.
Unfortunately, the ripple effect Whitjr speaks of is already here.
My understanding is that those in China who want to buy ginseng cannot justify doing so at higher prices. Sort of like us here. A few years back many of us held onto our older cars rather than buying new because of the bad news looming in our economy. Some of us would have liked to bought a Cadillac when we finally did buy a new car, but the economic strain on our finances means that the caddy was out of our price range for the time being.
As I've said here over and over, nothing is worth more than someone is willing to pay for that thing at that time. If you value your ginseng at $2000/lb you might be sitting at the kitchen table and looking at it for a long time unless you revise your expectations of the reality of your situation. Speculators (gamblers) will be buying until they run out of money like they did last year. The rest of us who buy on orders will be very cautious this year -especially on green root.
Well, the issue is if you are paying $125/green that would come out at about $500/lb dry. If prices don't get that high (and I'm hearing they might not), how do you keep from losing money on the green unless you have an order for green?
Remember, this is what happened last year when guys got upside down and payed more for green than they could get for it when it dried.
This is just the begining boys. I firmly believe that a major economic collapse is inevitable soon. I guess the stock market men will be jumping out of windows like they did in the 30's collapse. For the country boys, times will be tougher thats for sure but a country boy can survive.
You're right Castle, If you couldn't sell the green a person would be hurting. The best thing I guess would be sit back and see how everything unfolds.
There may not even be much of a market at all this year!