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About Alpacas
Not only are alpacas delightful creatures, they can be highly profitable. Alpaca fiber, sheered once a year without harm to the animal, is sought after across North America and Europe. Alpaca fiber is lighter and warmer than the finest sheep's wool. It is also hypoallergenic. Popular among cottage artists and spinners, and sought after on the world market, alpaca fiber sales more than pay for the cost of animal upkeep. In addition, owning alpacas offers a tremendous tax advantage. (IRS Schedule 179) While providing a tax deduction, the purchase price of a breeding alpaca can be depreciated. All ranch equipment, maintenance, improvements, and animal supplies may also be deducted. Please consult your tax professional for further information on financial benefits. |