Markets for Cultivated Ginseng
Four market types of ginseng exist:
- truly wild
- woods cultivated
Again, CITES regulates the collection of truly wild ginseng. Only small amounts are actually sold each year. Field cultivated ginseng is produced in great quantities each year from farms primarily in Wisconsin and production can and does exceed market demand. Woods-cultivated, also called woods-grown, ginseng is grown across the northeastern United States as well as Michigan, and has potential for Pennsylvania producers. While both woods-cultivated and field-grown ginseng have markets, wild-simulated ginseng presents the greatest likelihood of profit for forestland owners. Wild-simulated ginseng describes roots planted in sites identical to those where wild ginseng normally occurs. In many case, the roots produced by wild-simulated ginseng are identical to wild roots. The rest of the discussion on ginseng will cover wild-simulated ginseng production.