US alpaca herds grow as breeders get tax write-off

Print
Email
|

Associated Press

Posted on January 24, 2011 at 5:01 AM

Updated Monday, Jan 24 at 5:02 AM

SOUTH STRAFFORD, Vt. (AP) — Generous federal tax benefits and high prices for breeding stock have helped boost the alpaca industry in the United States. Breeders now hope to build up the herd and quality of fiber enough to support commercial mills in this country.

But some question providing government support to the alpaca industry. Steve Ellis of Taxpayers for Common Sense says he doesn't think that was what was intended with the tax law.

A 2010 extension of the law lets ranchers write off the entire cost of buying their breeding alpacas in the same year. The animals can start at about $4,000 and run up to several hundred thousand dollars for top studs.

Alpaca breeders may benefit more than other livestock owners because of the amount of their investments and sales.

Print
Email
|