In 2003 alpaca tax benefits got a lot better due to the “Jobs and Growth Reconciliation Tax Act.” which was enacted into law on May 28, 2003. The new rules added several powerful incentives for people who buy alpacas. The 179 deduction which is the cornerstone of this act has been raised to $112,000 for…
I was recently invited to speak about the American Alpaca Market to a group of alpaca breeders in England. I had not been across the pond for 36 years, it was Julie’s birthday and since we had not left our kids to go on a vacation for the past 18 years, we decided to fly…
Alpaca Taxes 2003: Why Not Have Uncle Sam Help You Buy Your Alpacas Raising alpacas can offer the farmer some very attractive tax advantages. In 2003 those benefits got a lot better due to the “Jobs and Growth Reconciliation Tax Act.” which was enacted into law on May 28, 2003. The new rules have added…
I have given hundreds of seminars about alpacas in the last 20 years. There is one question that I am always asked: How long do you think the market for alpaca breeding stock will last? For years my pat answer was: At least five years. After fifteen years of giving that answer I realized that…
Becoming involved in the alpaca business can be a life changing experience. It often begins by falling in love, maybe not in the romantic sense, but almost. When people see their first alpaca or maybe just an alpaca image on TV or in a magazine, something clicks. They are intrigued. They begin to inquire, search…
It is important to understand the difference between a business and an investment. Investments are more passive assets, such as mutual funds, CDs, real estate, and bonds. While it’s true that alpacas are the world’s finest livestock investment, they are also a wonderful business. The concept of alpacas as a business opportunity should not be overlooked.