While American ginseng is a complicated opportunity for forest farmers to understand, within these production systems there are many opportunities and constraints linked to production of ginseng. There are different market demands and prices paid for the various grades of dried roots depending on the system used to cultivate the plant. This study reviewed the unique benefits of producing ginseng, opportunities for forest farmers, the potential profits, as well as financial risks. The study focused on two common ginseng production systems in the southeastern region of the U.S. The specific objective of the paper is to assess economic returns of producing ginseng under different production systems. The Monte Carlo simulation was performed to analyze the profitability and risks associated with producing ginseng and performed sensitive analysis to determine the effect of uncertainty variables such as production costs, yield, and price of product on economic feasibility.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.