Here are some of the best and most lucrative cash crops that will grow in a New England climate.
Lavender is a versatile crop that can produce profits well above average.
You can sell the oil or the fresh flowers.
A 20′ x 20′ growing area can produce around 300 bunches each year, worth $1,800.
The two most popular gourmet mushrooms are oyster and shiitake mushrooms.
Oyster mushrooms can produce about 25lbs per square foot of growing area each year and sell for about $7 a pound!
Both mushrooms can be sold dried, but are more lucrative if sold fresh.
Rocambole, Purplestripe and Porcelain are the three main types of gourmet garlic.
They can each go for up to $10 a pound.
Elephant garlic can bring in $6-$8 per pound. Therefore one acre of Elephant Garlic could grow 15,000 pounds.
Garlic is very hearty and relatively easy to grow.
It can take six years for Ginseng roots to be ready to harvest, making it more of a long-term investment.
Over a six year period, ginseng farmers could create $200,000 worth of Ginseng per acre.
Ginseng is very difficult to grow large scale, but can be grown quite easily in a natural setting on a small scale.
"Wild" Ginseng is most profitable, therefore it can be best to grow Ginseng in a natural setting to create a "Wild-Simulated" plant.
It’s believed that wild ginseng is much more medicinally potent.
It is illegal to harvest WILD ginseng in parts of New England.
Goji berries are very popular due to their status as a "superfood".
They are filled with antioxidants and vitamins.
They're hardy and grow well in dry environments .
Most goji berries are grown in China, but it has adapted well to grow in a North American climate.
Organic dried goji berries sell for $20+ per pound, and fresh berries can sell for significantly more.
7,000 pounds of goji berries can grow per acre.
There are several cold hardy varieties of Bamboo that are capable of surviving winters with temperature below zero.
Homeowners will often pay as much as $150 for a bamboo plant.
By growing in planters in a 40ft X 30ft space, you could grow 600+ bamboo plants at once.