This is a long post folks so I hope you have a few minutes.
I know many of us have discussed planting a large amount of seed in past or previous post. I wish I would have started planting ginseng more seriously 10 or even 20 years ago. It is true that once time is lost it can never be be recovered. Especially when growing a crop that takes 10 years or more to harvest.
However, if there is anyone thinking that it's too late for them that is not the case. The time is now to step it up on planting more ginseng. Planting more seed than normal is almost like reaching back and reclaiming those lost years.
Everyone has different goals on what their eventual ginseng harvest will do for them. Some are looking at it for extra income. Some for possible funds to help pay for their children or grandchildren's college. Some are looking at it to help with retirement. What ever the reason or goal is besides the point.
I have run out of land to plant on. So if you are out of land do what I do. Plant on friends or families property and work out a deal with them. Don't let a shortage on land stop you.
Why am I posting this. Many of you are already planting enough ginseng to reach your goals. However your goals may change and someday you may wish you would have planted more ginseng seed. I hope you join me in planting more now to make up for lost time. Some of us are not getting any younger. If you are young try to do this anyway.
Growing ginseng can be easier than one thinks. It just depends on how you do it. I may say some things below that may be different than how you grow ginseng and maintain it. I have stated this before that I am not an expert so please do not be offended if what I say is different than how you see or do things. Many grow ginseng and maintain their crop nicely by weeding, spraying and what ever else they can do to maximize the number of plants that survive over the years. This makes sense to me and to many others and it is option one.
Option two is to plant ginseng \"Wild Simulated\" style to the best of your ability and to leave it alone for 10 years.
Option three is to be somewhere in the middle of option one and option two where you treat or maintain as needed. This is where I am at and I had just applied \"Deadline\" slug bait to some of my patches recently.
DOING THE MATH
OK here is how I see it. If you want to end up with a certain amount of money then work backwards. If I want to end up with $65,000 in 10 years as an example, then here is how I think it can be done. And this example below is from just one years planting of 50 lbs of seed.
Plant 50 lbs of seed (Seed is going to be between $50 and $150 per pound depending on market, supplier and type of seed)
6500 seeds per lb x 50 lbs = 325,000 seeds planted. Lets say 10% survive over the 10 years. This leaves us with 32,500 plants. It will take about 250 roots to make a dry pound. So 32,500 divided by 250 = 130 dried lbs. So 130 dried lbs x $500 per lb = $65,000.
These are conservative numbers above. For example: Some think ginseng will be close to $1,000 per lb 10 years from now. Some would say there are 7,000 plus seeds per pound. Some would say it only takes 200 ten year old roots to make a lb dry. And some would say you can get 20% or more to survive over the ten year period. If this is correct and everything works out then my estimate of $65,000 would more than double and it may be possible to be at $130,000 or more.
So for a reasonable investment now we can expect a tremendous return in 10 years doing something we love to do. It just doesn't get better than that.
Yea this makes me excited! Anyone else?
Good luck,
Latt