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      10-04-2019, 09:33 AM   #64
Run Silent
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Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains

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Quote:
Originally Posted by Rmtt View Post
Man...I have never seen people go so crazy over something like that in all my life. I grew up in an urban environment. I remember when my wife and I started dating.....her brother would tell me about having to run people off his property looking for that stuff.

He had all these crazy stories!
LOL - you aren't kidding - it sells for about $600/lb around here. I've installed electric fencing with security alarms around that area of the property. My official reason is "deer and bears" - but, well......

It's growing on about 4 acres of the property. I paid some laborers to cultivate and harvest about 1 acre of it during the build and it generated about $130,000 of revenue. The net came out to around $70K - which pretty much paid for the 7 acres of land when factoring in the few grand I got for the lumber as well. I should be able to harvest about 1/2 acre a year in perpetuity going forward. That should add about $30,000 - $40,000 a year in net income to my bottom line annually. Not a bad deal. Just the ginseng on the property alone should pay for the costs associated with building the house in less than 10 years.
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