Wisconsin ginseng prices fluctuate based on factors like root size, quality, and market demand. Generally, wild ginseng commands significantly higher prices than cultivated ginseng. Expect to see prices ranging from $400 to $800 per pound for high-quality wild ginseng, while cultivated ginseng typically sells for $200 to $500 per pound. These are wholesale prices; retail prices will be higher.
Factors Affecting Price
Larger, older roots fetch premium prices. Root age and weight are key determinants. The color, shape, and overall health of the root also influence its value. Experienced buyers meticulously examine these characteristics. A root’s dryness and proper preparation also impact the final price. Furthermore, market trends and the annual harvest significantly affect pricing. Strong demand drives prices upward, while abundant harvests can result in lower prices. Consult with experienced ginseng buyers or brokers for the most up-to-date price information.
Finding Buyers and Sellers
Several avenues exist for selling Wisconsin ginseng. Dedicated ginseng auctions and brokers are excellent choices. Direct sales to herbal medicine companies also offer a viable option. Online marketplaces exist, but thorough research and careful vetting of potential buyers are critical to protect against scams or unfair pricing. Always verify the buyer’s reputation before committing to a sale.
