More on Import-Export


More on Import-Export

Turn lemons into lemonade. Turn U.S. economic problems into big international business and international investing earnings abroad. Learn in this November 11, 2004 Gary Scott message a new import-export idea on how to earn money anywhere in the world.

Often when I share ideas having a global business may sound easy. It is! But not without work and overcoming obstacles. Challenges and problems are why not everyone has their own business.

However challenges and problems also creates special opportunity, especially when you have a global view. Let me give you an example.

We have shared messages about the value of investing in Ashe County real estate.

(See http://www.garyascott.com/lostprovince/203/index.html)

We have also looked at how Ashe County real estate can be even better because of Wild American Ginseng.

(See http://www.garyascott.com/archives/2004/10/26/1104/index.html)

These messages make this all sounds easy. Then the realities of life get in the way. Read what the reader below shared with Merri and me and you’ll see what I mean.

“Gary & Merri,

I read your note regarding growing ginseng, which I have done for about eight years (goldenseal as well). Indeed the potential for both roots as a cash crop is big, hence my interest in it, but I ran into some unexpected bumps:

1. Ginseng is susceptible to fungus "infection" and the forest growing medium is predominantly fungal based. It takes time to convert the soil to a bacteria based medium and this process can be cumbersome depending on access to the location. You can spray the crop with a fungicide, of course, but the truly valuable roots are grown as close to "wild" as possible, and fungicides/pesticides reduce the value.

2. The majority of my crop fell prey not to fungus, but human pilfering. Although I live in a remote area of North East Georgia, the locals are all too familiar with the value of the roots. In the middle of the night my largest roots would disappear to unknown visitors. Out of the 10,000 roots I planted I have about 500 left: Very disconcerting! The property I own here was suppose to be a medicinal herb farm, but alas it does not produce any more than for my own consumption. Farming is a full-time job and I have other fish to fry.

3. I also have an 18 x 48 hydroponics greenhouse (capable of growing 1250 plants in trays) that another fellow and myself did some exciting research on nutrient dense accelerated growth. For instance, we grew Bibb lettuce from seed to harvest in 25 days instead of 52! We also did some crop consulting, traveling around the US advising farmers who had their soil decimated by the use of chemical fertilizers- quite an experience! I do not want to give the impression that I am an agriculture expert, but I do know a little about soil fertility etc. and it all comes from experience. Best,”

So ginseng farming may not be as easy as it would seem. Should we give up? We don’t need to, especially if we have a global view.

Businesses solve problems! This is what commerce is about and when I read letters like the one above, I don’t see obstacles, I see a way to make money by solving problems. This problem (of growing ginseng) creates an incredible export opportunity!

Look at the following facts.

#1: The falling US dollar is making US real estate really cheap for overseas investors.

#2: Ashe county real estate is especially good value.

#3: Ginseng and other such crops (goldenseal, bloodroot, black cohosh, galax, etc.) add even more income potential to owning Ashe property….if….overseas investors…..had a farm manager and could buy their land using 2% loans.

Does this bring any export ideas to mind? If so please share. How can you see making money from what is written above? How would you go about it? Please let me know at gary@garyascott.com

Let’s exchange ideas and until tomorrow have good investing!

Gary


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