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American ginseng sales valued at $27 million.

The annual value of wild American ginseng is approximately $27 million at the initial point of collection, according to research funded by the American Herbal Products Association Foundation on Education and Research on Botanicals (AHPAERB Foundation).

In 2009, the foundation funded a research project to quantify the economic value of wild American ginseng in comparison to the economic value of timber over the same geographic area and time. The project culminated in a research article titled "Understanding the Relationships Between American Ginseng Harvest and Hardwood Forests Inventory and Timber Harvest to Improve Co-Management of the Forests of Eastern United States," published in the journal of Sustainable Forestry. The article estimated the annual wholesale value of American ginseng is approximately $26.9 million compared to annual stumpage value of harvested hardwood timber of just more than $1.27 billion.

In addition to defining the value of wild American ginseng, the article identified where ginseng is reportedly harvested; illustrated the spatial distribution of the wild harvest; demonstrated the clear relationships between hardwood forests of eastern U.S. and ginseng harvests; and helped develop a more comprehensive valuation of U.S. forest resources.
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Title Annotation:Industry News
Publication:Nutraceuticals World
Date:Sep 1, 2013
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