DNR ginseng sale nets nearly $270K

The state of Wisconsin has sold its wild ginseng stash for nearly $270,000.

DNR

Posted Tuesday, November 5, 2013 --- 7:16 p.m.

MADISON, Wis. (AP) -- The state of Wisconsin has sold its wild ginseng stash for nearly $270,000.

The online auction ended Monday. The medicinal herb roots sold to dealers for an average $850 a pound.

Going into Saturday, the per-pound bid on seven lots of wild ginseng was about $300.

Wisconsin Department of Natural Resources' wild ginseng specialist Courtney Ripp tells the Wisconsin State Journal the agency was "pleasantly surprised" by the sale.

The final take after the auction closed was $269,750, an amount that goes to the DNR's related programs.

The 317 pounds of wild ginseng, harvested from seven states including Wisconsin, was confiscated from a dealer more than a year ago as it was being prepared for export.

More than 90 percent of Wisconsin's cultivated ginseng is grown in Marathon County.

Copyright 2013: Associated Press


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