Core Insights - The ginseng industry in Dunhua City, Jilin Province, is experiencing a transformation towards high-quality development, with a focus on extending planting cycles and enhancing product management to increase market competitiveness [1][3][4] Industry Overview - Dunhua City is the largest ginseng planting area in Jilin Province, with a cultivated area of 120,000 acres for garden ginseng and 28,000 acres for forest ginseng, both ranking first in the province [1] - The local climate and terrain provide an ideal environment for ginseng cultivation, contributing to the region's prominence in the industry [1] Economic Impact - High-quality ginseng can sell for 200 yuan per pound, while ordinary ginseng can fetch 50-60 yuan, leading to net profits of 600,000 to 700,000 yuan per 15 acres [1][3] - The local ginseng farmers are shifting from being raw material suppliers to actively participating in the entire industry chain, enhancing their bargaining power [3][4] Market Dynamics - The lack of a local ginseng trading market has historically forced farmers to sell their products in distant markets, leading to reduced profits and loss of control over the supply chain [3] - Recent government initiatives aim to reshape the industry from planting to processing and sales, encouraging farmers to adopt longer planting cycles and improve product standards [3][4] Company Developments - Local companies, such as Aodong, are engaged in deep processing of ginseng, developing high-value products like medicines, health supplements, and cosmetics, which are gaining popularity both domestically and internationally [4] - New enterprises, like Dunhua Runlv Agricultural Technology Company, are emerging, injecting vitality into the ginseng industry [4] Future Prospects - Farmers are increasingly becoming proactive players in the industry, moving from raw material production to brand establishment and diversified processing [4] - The establishment of local processing facilities is expected to stabilize sales and profits, with significant interest from e-commerce platforms [3][4]

Core Insights - The ginseng industry in Dunhua, Jilin Province, is experiencing a transformation towards high-quality development, with a focus on extending planting cycles and enhancing product management to improve pricing power [2][4] - Local farmers, like Wen Mingquan, are shifting from being raw material suppliers to active participants in the industry chain, aiming for brand independence and diversified processing [2][4] - The government is supporting the ginseng industry by providing financial and insurance services to mitigate planting risks and helping small and medium enterprises expand their market channels [4] Industry Overview - Dunhua is the largest ginseng planting county in Jilin Province, with a cultivated area of 120,000 acres for garden ginseng and 28,000 acres for forest ginseng, both ranking first in the province [1] - The local ginseng market is characterized by high prices, with premium ginseng selling for 200 yuan per pound and ordinary ginseng for 50-60 yuan per pound, leading to significant profit margins for farmers [1][2] - The region has faced challenges such as a lack of local ginseng trading markets, forcing farmers to sell their products at prices set by external markets, which has squeezed their profits [2] Company Developments - Wen Mingquan is establishing his own ginseng processing factory, which is expected to stabilize sales and profits, with significant interest from e-commerce platforms [2] - Local companies, including Aodong and emerging firms like Dunhua Runlv Agricultural Technology Company, are focusing on deep processing of ginseng to create high-value products such as medicines, health supplements, and cosmetics [4] - The development of ginseng products is expanding into various sectors, including food, beverages, and beauty, catering to both older and younger demographics [4]

Core Viewpoint - The ginseng industry in Dunhua, Jilin Province, is undergoing a significant transformation, leading to increased profitability and market competitiveness for local farmers. Group 1: Industry Overview - Dunhua City is the largest ginseng planting area in Jilin Province, with a cultivated area of 120,000 acres for garden ginseng and 28,000 acres for forest ginseng, both ranking first in the province [1]. - The region benefits from a favorable growing environment due to its hilly terrain and temperate climate, which are ideal for ginseng cultivation [1]. Group 2: Economic Impact - High-quality ginseng can sell for 200 yuan per pound, while ordinary ginseng can fetch 50 to 60 yuan per pound, with net profits from one mu (approximately 15 acres) reaching 600,000 to 700,000 yuan [1][3]. - Farmers are shifting towards planting ginseng for over five years to enhance product value and marketability, as this trend is gaining traction among local producers [3]. Group 3: Challenges and Solutions - Historically, local farmers faced challenges such as high production but low efficiency, with many selling raw ginseng to external markets, leading to reduced profit margins and loss of control over the supply chain [3]. - The local government is actively promoting high-quality development in the ginseng industry, focusing on restructuring the entire supply chain from planting to processing and sales [3][4]. Group 4: Innovations and Future Prospects - New companies, such as Dunhua Runlv Agricultural Technology Co., are emerging, developing high-value products like ginseng paste and honey slices, which are gaining popularity both domestically and internationally [4]. - The local government is facilitating financial and insurance services to mitigate planting risks and support small and medium-sized enterprises in expanding market channels [4].

Core Viewpoint - The development of the ginseng industry in Tonghua City, Jilin Province, is being enhanced through technological advancements and improved management practices, particularly in the cultivation of forest ginseng, which is gaining recognition for its quality and traceability. Group 1: Company Developments - Zhongkang Ginseng (Tonghua) Biotech Co., Ltd. has established a comprehensive visual management system for forest ginseng cultivation, integrating data from soil quality to harvesting, and employing electronic fencing for security [1][2] - The company has implemented traceability features that allow consumers to scan and view the entire growth cycle of ginseng, including soil pH and heavy metal content, effectively providing a "health report" for the product [2][3] Group 2: Industry Growth - The ginseng industry in Tonghua has expanded significantly, with over 6,000 acres of ginseng cultivation, including 5,461 acres of forest ginseng, generating a total output value of 53 million yuan in the first half of the year [2] - Jilin Province is promoting high-quality development in the ginseng industry by transitioning to intelligent planting methods, standardizing market transactions, and enhancing deep processing capabilities [3] - The province currently boasts over 3,000 products across five major categories: food, medicine, health products, cosmetics, and biological products, indicating a robust market potential for ginseng [3]

Group 1: Historical Significance - The "North Silk Road" serves as a trade route and cultural bridge, connecting ancient Chang'an to Northeast Asia, with its core segment located in today's Baishan City, Jilin Province [12][13] - Baishan City, known for its rich natural resources, has historically facilitated the exchange of goods like ginseng and pine nuts, contributing to cultural interactions with countries like Japan and Silla [12][15] Group 2: Ginseng Market Dynamics - The Wanliang Changbai Mountain Ginseng Market is recognized as the world's largest national-level ginseng trading market, with a trading volume of 59.5 million pounds of fresh ginseng and a revenue of 2.41 billion RMB in 2024 [16][17] - The market has transitioned from selling raw materials to high-value products, with companies like Daziran Bioengineering Co. focusing on deep processing, achieving prices of 35,000 RMB per kilogram for ginsenosides [17][18] Group 3: Cultural Exchange and Tourism - The region has become a global tourism destination, leveraging its natural attractions and cultural heritage, including the unique ginseng harvesting customs recognized as a national intangible cultural heritage [19][20] - Initiatives to enhance the international visitor experience include bilingual services and cultural activities, promoting the integration of ginseng culture with tourism [19][20]

Core Insights - The article highlights the advancements in ginseng cultivation and processing in Tonghua County, Jilin Province, emphasizing the integration of technology and sustainable practices to enhance productivity and quality [1][3][5]. Group 1: Technological Advancements - The introduction of remote monitoring and integrated sensors allows for better management of ginseng fields, improving the standardization of cultivation practices [1]. - The construction of electronic fencing and enhancement of communication and power infrastructure in ginseng planting bases are part of the county's modernization efforts [1]. Group 2: Sustainable Practices - Comprehensive surveys of suitable ginseng forest land have been conducted to optimize resource use and enhance sustainability [3]. - The county is focusing on the protection and propagation of ginseng seed resources to ensure the quality of ginseng production [3]. Group 3: Value Addition through Processing - The shift from raw material sales to refined product offerings is evident, with over 600 types of ginseng products developed, including pharmaceuticals, beverages, health products, cosmetics, and food [5]. - The emphasis on deep processing techniques, such as freeze-drying, is aimed at maximizing the value derived from ginseng [4]. Group 4: Market Regulation and Brand Development - The implementation of a traceability system for ginseng products, where each ginseng root has its own "ID," enhances market regulation and consumer trust [6]. - Continuous efforts to strengthen market oversight and quality inspection are in place to elevate the brand value of ginseng from Tonghua County [6]. Group 5: Economic Impact - The total output value of the ginseng industry chain in Tonghua County is projected to reach 15.027 billion yuan in 2024, reflecting a year-on-year growth of 126% [7]. - The county aims to achieve growth in the primary sector, quality enhancement in the secondary sector, and expansion in the tertiary sector through the ginseng industry [7].

Group 1 - The core viewpoint highlights the significant role of the ginseng industry in Yanbian Prefecture, Jilin Province, which accounts for over 40% of China's total ginseng production, supported by favorable natural conditions and rich land resources [1] - The local financial institutions have effectively connected with the ginseng industry's financial needs, resulting in a loan balance of 1.511 billion yuan by March 2025, benefiting 1,256 operating entities, with a year-on-year increase in loans issued of 228.22% [1][2] - A collaborative effort among various departments has led to the establishment of a financial support action plan for the ginseng industry, aiming to enhance the financing capabilities and accessibility of financial services for all stakeholders in the industry [2] Group 2 - Financial institutions have innovated credit products specifically for the ginseng sector, addressing funding shortages and facilitating the growth and transformation of the industry [3] - New credit products such as "Ginseng Loan" and "Specialty Treasure" have been introduced, with 32.2514 million yuan in loans issued this year, benefiting 299 operating entities [3] - The Industrial and Commercial Bank of China Yanbian Branch has developed a comprehensive product matrix tailored to the ginseng industry's unique growth cycle and operational phases, enhancing service delivery through technology [3][4] Group 3 - The People's Bank of China Yanbian Branch has guided local financial institutions to establish communication mechanisms with ginseng associations to better understand the financing needs of ginseng growers [4] - Financial institutions are providing no-repayment renewal loans to address the long growth cycle and slow capital turnover in the ginseng industry, ensuring priority approval for credit applications related to ginseng operations [4] - A specific case is highlighted where a ginseng processing company received a loan extension to alleviate cash flow issues, demonstrating the proactive financial support for the industry [4]