My friend called today and he says our dealer is expecting to start at $350.00. I know a Chinese guy that always pays $50.00 more than anyone else, so I'm assuming if the norm is $350 he'll start at $400. I hope so. Bad thing is it's so dry here that everything is dieing off early. Will really have to get out there and find as much as possible as early as possible. Good luck everyone.
Tnhunter I have always delt with the same dealer and year after year he always gives me the very best price.The big guy that he sells to has predicted a very accurate account of the ginseng prices every year for 4 years straight.This season is supposed to be a good year for selling and our wild seng should be worth up to 200 dollors more per pound than it was last season to those who sale later as I do.He looks for it to go for 650 per pd or more dry.I hope so,as I said he has not been 50 dollors of one way or the other in 4 years.
I will post the staring price a little later as he is not sure just yet what he will start out at.
Re:300.00/lb or so starting off this year... $425.00
10 years 11 months ago #4486
MY buyer is already at $425.00 dried pound. I live in northwest pennsylvania and our season opened august first this year. I couldnt sell untill August 10. My buyer says it should take nice climb in price by september. We do have very high quality root here because the majority of people dont even know it grows in this area. I find new patches every year and they only increase in size. I only dig few pounds a year. I have dug three main patches for the last 9 years and dont even put dent in the population. They are crazy large patches. WE also have large patches of black cohosh here I dig about 20-30 pounds in couple hours just takeing my time and enjoying the woods. My buyer is also paying $16.00 dried pound for the red hemlock varnish shelf. they are useing for cancer research. It is a red mushroom type fungus that only grows on hemlock trees around cool damp areas. But you can get as many as 50 - 100 shelfs of one tree it is easy fast cash.