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TOPIC: I may soon have a deal to dig and grow Ginseng on approximately 260 acres!

I may soon have a deal to dig and grow Ginseng on approximately 260 acres! 11 years 3 months ago #23592

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Re:I may soon have a deal to dig and grow Ginseng on approximately 260 acres! 11 years 3 months ago #23593

Frank,

I hope it works out for you but I don't know about investing too much money and time in someone else's property.It just takes so long to start making a profit.

Of course I know you have already figured in all the factors.

rootman

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Re:I may soon have a deal to dig and grow Ginseng on approximately 260 acres! 11 years 3 months ago #23596

Frank, I hope that it works out for you. As a farmer I would advise you to come up with a GOOD contract with a minimal of 7 years agreement and have it signed and notarized. I've done the hand shake deals with GOOD friends before and they don't always pan out. Like throwing $1000's into planting alfalfa and on the 3rd year the land owners hunting buddy talks him into planting it all in corn. Just watch YOUR back and work out an agreement that you both can live with.

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Re:I may soon have a deal to dig and grow Ginseng on approximately 260 acres! 11 years 3 months ago #23600

Hey Frank,

Like everyone else, I hope you have the best of luck.

Also like everyone else, be VERY careful and please limit your liability.

A solid written contract is a good start as if the help of an attorney so versed.

I have leased ground before, and some of the key provisions is that both the parties (you and landowner) limit access to the property. Make sure you have expressed rights to do what you must, harvest, spray, cut brush and small trees or deadwood, etc.

Another provision I've used is to set the term yearly from July 1st. Then, upon written notification of the desire to terminate the agreement by the end of June, you have until the end of December one year later (18 months) to remove any harvestable plants. Don't forget to specify that you are the owner of the roots and that your partner's participation is limited to the ground in which they grow. Therefore, you may want to include something about reimbursement should the agreement be ended and some of the plants (many of them in reality) be legally not harvestable for some length of time because of legal requirements in the harvesting of wild or wild simulated ginseng.

Don't forget to include some sort of survivorship clause that will bind heirs and assigns and subsequent owners if he dies or decides to sell the land.

That will get you started. Oh, and I would try to tie up the ground for a minimum of 15 years. Most wild sim is not ready to harvest at 7 or 8 years as it turns out.

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Re:I may soon have a deal to dig and grow Ginseng on approximately 260 acres! 11 years 3 months ago #23611

Frank, good luck. That's awesome!!!! On this thread below I have a Sample of an agreement below for reference if it helps any.
Latt

www.wildgrown.com/index.php/Ginseng-Foru...t/Contract.html#8437

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Re:I may soon have a deal to dig and grow Ginseng on approximately 260 acres! 11 years 3 months ago #23617

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Re:I may soon have a deal to dig and grow Ginseng on approximately 260 acres! 11 years 3 months ago #23629

Frank- I know you have been looking for something like this.... and good luck with it.

There's sound advice above. With your knowledge of this plant, and willingness to put in the time and $$/... should be a good thing/.

Keep maps to all the patches!

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Re:I may soon have a deal to dig and grow Ginseng on approximately 260 acres! 11 years 3 months ago #23640

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