Recently the news endorsed the numerous benefits of raising alpacas as an investment. And for people who need tax deductions, it is a sensible venture that can earn them a huge ROI (return on investment) over time. Yet, that’s not the whole story. (CBS SUNDAY MORNING – http://www.cbsnews.com/video/watch/?id=7403164n)
Let me ask you a few questions. Are you looking for a small farm business with big returns? Have you researched all the agricultural benefits of raising livestock on your land? Have you considered raising sheep, goats, or cattle in order to take advantage of the benefits? Have you hesitated to proceed?
Well, if you are like me (a city dweller until 2004) the thought of killing something, milking something or cleaning up after big animals stopped me in my tracks! So we never imagined ourselves as “farmers” until we met alpacas and the alpaca farm business idea launched.
The goal of many small farm businesses is to “just cover expenses.” We have been doing more than “just covering our expenses” with a handful of alpacas since our 3rd year in the business. And now, over 7 years of alpaca farming, we are living proof… you can have a small group of very clean, cute, amusing critters, make a small profit with a relatively tiny up-front investment and you can even take time off for a little travel, see the grandkids, or go to a show if that’s your goal.
Presently we live in the country, deduct our legitimate agricultural expenses, use depreciation and other tools to offset other income and lower our property taxes through agricultural classification of our land.
Can you name another livestock business where you can make a profit with less than 20 animals? Can you do this with alpacas? Absolutely!