Cash crop

posted Aug 31, 2017 at 3:15 PM

A company called American Ginseng Pharm has bought land in Coeymans for the production of ginseng, which has become a hot cash crop because of demand from Asia, Robin Cooper reports. So high is the demand -- and the prices, around $1k per pound -- that agencies that oversee public lands in mid-Atlantic and Northeast have been trying to crack down on wild ginseng poaching. (Here's an interesting article in the Washington Post from a few years back about ginseng hunters.) [Biz Review] [Smithsonian] [Washington Post]

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