Alpacas in the News - From the Alpaca Owners and Breeders Association (AOBA)
This article highlights the growth of the alpaca fam industry in the USA. Small American (and Canadian) farm growth is supported by the quickly growing alpaca garments industry.
For Immediate Release - October 5, 2008
Alpacas were on the front page of the Wall Street Journal, Friday October 3, 2008 with a catch title that is sure to spark interest. There was also an alpaca photo.
“When Stocks Tank, Some Investors Stampede to Alpacas and Turn to Drink”
by JENNIFER LEVITZ
Associated Press
Alpacas were on the front page of the Wall Street Journal, Friday October 3, 2008 with a catch title that is sure to spark interest. There was also an alpaca photo.
“When Stocks Tank, Some Investors Stampede to Alpacas and Turn to Drink”
by JENNIFER LEVITZ
Associated Press
Quoting the article:
“Peggy Parks, a 49-year-old auditor in Johnstown, Pa., turned to an unusual farm animal. "I've lost a fortune in stocks, and my 401(k) is falling through the floor. I feel comfortable in alpacas," she says. She invested $56,000 in a small herd that she believes has a better outlook than most mutual funds because of the animals' breeding potential.The national Alpaca Registry Inc., in Lincoln, Neb., says registrations are on pace to rise 7% this year and currently stand at 140,297. Ms. Parks says a female of "medium quality" can fetch $10,000 and that prices have been rising, supporting her hopes that she'll see a profit on her alpaca portfolio in five years.”
WSJ Link to "When Stocks Tank, Some Investors Stampede to Alpacas and Turn to Drink"
2 comments:
I would love to get a copy of this article! Can you provide it?
I believe that there is a window of opportunity to market to those who are looking for an alternative to market investment.
bb
Becky, thanks for your note. I looked up the article and added a direct link to a copy of it on the WSJ. -Brian
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