Growing Ginseng Paying Dividends
Join Ray Magda of R&G Magda Ginseng and host Mike Harding as they visit his ginseng farm operation in the Drumbo, Ontario area. Ginseng has been in Oxford County for decades and it’s growth was stimulated by government as a way to transition away from tobacco.
Even though it takes four years before it can be harvested farmers like Ray that embraced the crop are earning dividends now that Ginseng Root is selling for never before heard of prices!
Folk medicine attributes various benefits to oral use of American ginseng and Asian ginseng (P. ginseng) roots, including roles as an aphrodisiac, stimulant, type II diabetes treatment, or cure for sexual dysfunction in men.
Nearly all of the world’s 80,000 tons of ginseng is grown in four countries: South Korea, China, Canada, and the United States. The product is marketed in over 35 countries. Sales exceeded $2.1 billion, of which half comes from South Korea.