ASIAN GINSENG MARKET TO GET TASTE OF US SPIRIT An investor group has plans to take Wisconsin ginseng and turn it into distilled spirits. American Ginseng Spirits Corp., a newly formed Wausau company, will unveil its first batch of ginseng-based liquor this spring.Early shipments will be bound for China and other Asian markets, as the company hopes to capitalize on Wisconsin’s reputation as a leading producer of quality ginseng.The company has no initial plans to sell the product in the United States.
WISCONSIN’S GINSENG INDUSTRY FALLING VICTIM TO LAW OF SUPPLY AND DEMAND//LIKE DAIRY FARMING, IT FACES LOW DEMAND AND HIGH COMPETITION Jerry Hall has grown the exotic root ginseng for years, steadily expanding until black canopies protecting his fragile crops stretch across some 20 acres that were once used for hay.But these days, Hall, 41, worries about plunging ginseng prices, much as his dairy farming friends fret over dropping milk prices.Lean years loom ahead for growers unless ginseng markets in China, where the plant has long been prized for its value as a medicine or health food,
GINSENG BECOMING POPULAR FARM CROP Orientals have used the herb ginseng for 5,000 years, some calling it the “elixir of life” that eases many ailments. American Indians used it and colonists traded it.Now cultivated ginseng fields are cropping up in many parts of the United States and Canada. Harvesters comb wooded slopes in search of wild ginseng, which is prized in Korea, China, Japan, Singapore, Malaysia and Hong Kong.Ginseng, says Beverly Braly, director of the Ginseng Research Institute
Companies stake legal claims to seized local ginseng Companies stake legal claims to seized local ginseng ASHEVILLE — Energy booster, stress reliever, treatment for impotence. It seems this ugly little root can do most anything.Now add inciter of quirky legal battles to ginseng’s claims to fame.The federal court here is getting ready to decide if and how 328 pounds of wild American ginseng should be apportioned after being seized by the U.S. Fish and Wildlife Service nearly 16 months ago.
Help for ginseng growers; Plan will provide marketing money The ginseng plant, deeply rooted in Ontario’s history and unique soil, is believed to possess magical powers of healing and recuperation.But the growers who nurture the fabled herb are hoping for a more down-to-earth tonic to meet the challenges now facing the industry.The bulk of the province’s crop is sold to Asian markets, but exports are flat.
Virginia woodsmen are taming wild American ginseng for fun and profit. They also may be ensuring that the herbal root, revered in Asia for its healing properties, stays off the endangered species list.As urban development encroaches on the plant’s forest habitat and the Appalachian tradition of harvesting the root gains in popularity, wild ginseng is becoming scarce.Some Virginians – hoping to cash in on the $300- to $400-per-pound price wild ginseng…
Biologists and private conservation groups say Kentucky’s ginseng crop is vanishing and they say the plant’s popularity is the culprit.Kentucky’s ginseng harvest averaged about 26,000 pounds a year throughout the 1990s, until it dropped to 16,679 pounds in 1998. A similar amount was picked last year, leading to worry that the ginseng plant population has taken a bad turn.
GINSENG FARMERS STRUGGLING WITH GLUT IN FOREIGN MARKET. Lean years loom ahead for growers unless ginseng markets in China, where the plant has long been prized for its value as a medicine or health food, suddenly expand,… Purchase Complete Article, of 491 words 39. Wisconsin State Journal (Madison, WI) – March 15, 2005 GROWING GINSENG, THE OFT-EXTOLLED HERB ASSOCIATED WITH ASIA FLOURISHES HERE Thriving in well-drained, shady and humus-rich soils, the American ginseng has been prized for its medicinal value for thousands of years.In the 18th century, Native Americans used the roots of the dark green plant to treat coughs, headaches, rheumatism and fevers and the Chinese believe it has aphrodisiac qualities.Today, the American ginseng, or Panax quinquefolium, an alternative to its invigorating Asian cousin, is believed to alleviate stress, improve one’s love life… Purchase Complete Article, of 782 words 40. Daily Breeze (Torrance, CA) – January 7, 1996 Greed takes root in ginseng harvest, High prices bring change PIKEVILLE, Ky. — Ginseng? KA-CHING!The wild root — revered in Southeast Asia — is fetching up to $500 a pound for the best grades, more than twice 1994’s wholesale price.”It’s higher than it’s ever been,” said Tim Brown, manager of Wilcox Natural Products in Pikeville, Ky.That has some worried about the future of Panax quinquefolium, the five-fingered plant Appalachians call “green gold.”… Purchase Complete |