What is the current price of wild ginseng?

The current price for a pound of wild ginseng is $550. The DNR has harvesting rules in place to keep it from going extinct.

How much is a pound of wild ginseng worth?

One pound of “wet” ginseng dehydrates to about a third of a pound of dry. The average price paid for the 2019-20 season was $550 per pound for dry and $160 per pound for green. It takes almost 300 roots to make one pound of dry ginseng.

When can you sell ginseng in KY?

September 1
When can I sell my ginseng? You can sell fresh, green ginseng on September 1. Dry ginseng can be sold from September 15-March 31 to licensed Kentucky dealers.

Can you find ginseng in Kentucky?

Kentucky is one of 19 states with a wild ginseng program in place, thanks to the Commonwealth having an abundance of forested habitat that is ideal for growing the plant. In fact, eastern Kentucky is regarded as one of the most prominent areas in the United States for ginseng to flourish.

What is the biggest ginseng root ever found?

1.1 pounds
The root was certified by the Maryland Department of Agriculture and the official weight was 1.1 pounds. It’s the biggest ginseng root ever found in the state of Maryland and to everybody’s knowledge it’s the biggest one ever found in the United States or the world.

How many pounds of ginseng do you get per acre?

Yields as high as 2,500 pounds of dried root per acre have been reported. Establishment costs for one acre of ginseng beds, under wood lath shade or under polypropylene shade cloth, varies from $20,000 to $30,000 depending upon the current prices of materials needed.

What is ginseng bringing a pound now?

The average price for ginseng per pound is about $500 but can run as high as $700 after the season ends on New Year’s Eve, Tignor said.

What is the most expensive ginseng?

The most valuable grade is “wild” ginseng. Known by its gnarled, striated appearance, and often decades old, it’s considered the most potent and is most coveted by buyers. Thirty-year-old wild root brings in several thousand dollars a pound.

Who pays the most for ginseng?

China Is Paying Top Dollar for American Ginseng That Might Be Chinese. American-grown ginseng is prized in China, routinely fetching as much as $9,000 per pound.

What time of year do you dig ginseng?

Always try to collect only mature ginseng plants that have at least three five-pronged leaves and red berries. Collect the wild ginseng only during harvest season that is September 1 through November 30. If you want to ensure future ginseng plants, always plant the seeds near the harvested plant.

What is the penalty for digging ginseng out of season?

Removing ginseng from the national forest comes with strict penalties, including a fine of up to $5,000, six months in jail or both.