INVESTMENT AND BENEFITS
Breeding alpacas has many opportunities for financial and personal benefits. Here are just a few avenues to consider:
- Sale of alpaca to other breeders
- Sale of alpaca products through your farm, your website or craft shows
- Stud services offered from your herd sires
- Boarding other people's animals at your farm.
- Offering Consulting services to new breeders
- Hosting educational seminars at your farm
- Sale of alpaca dung as fertilizer
- Excellent tax relief through many deductions
- They are fully insurable.
- Tax deferred wealth building
People invest in alpaca for many different reasons- Here are a few
- Part time business venture, supplemental income
- To teach children responsibility or for 4H activities
- Hand-spinners for personal fiber production
- For a rewarding total family experience
- Many vets have become breeders
- Some invest to build a herd for their children's college costs
- Some have moved their stock based IRA into an alpaca funded retirement plan- either through loans or self directed IRAs
- Some invest and board with a farm due to lack of land or who want to enjoy the financial benefits without the care-taking
- Some have several as pets
- Some have been previous horse breeders who find alpaca easier to handle and show.
- Some simply want a lifestyle change
- The demand for alpaca fiber far exceeds the ability to supply, which enables a strong market for the future