After watching the show on March 25th entitled Alpacas for Fun and Profit on CBS SUNDAY MORNING – http://www.cbsnews.com/video/watch/?id=7403164n I realized how much I related to the story of Amber and her alpaca lifestyle. She got into the business just before the prices started dropping (fall 2007.) So instead of panicking, she took advantage of the high quality alpacas available at lower prices and grew her herd and her income potential. As she recounts, her income over a 5 month period was greater than she had made the 2 years previously in the theater.
In 2009 our situation turned to “creative solutions needed” in order to keep our business growing. We started promoting “multiple services” from our ranch. We offered agisting (board & care), breeding and birthing services. We got a main stud and started filling his dance card with introductory breedings which have now grown in number, demand and dollar amount per breeding. We also increased our internet presence and educational products offered.
Another income focus we started is to proudly display, retail and wear alpaca accessories made from our own alpacas. Visitors to our farm love the idea they can take a photo of the alpaca which contributed the fiber made into the luxurious scarf or hat. And we are not alone, as word is spreading; more small alpaca farms are setting up “cottage industry” outlets and reaping the benefits of raising this gentle livestock.
So, whether you are looking for a business with numerous tax benefits, agricultural savings for your land use, an outlet for your creativity, or just pure enjoyment… alpaca farming could be in your near future.
If you are already a part of our industry, then take this opportunity to review your situation and make sure you are taking advantage of all the alpaca farming deductions you are legitimately entitled to at this time. Then go out in your field and smile at your alpacas.