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Financial Aspects

   A. Introduction - Why do people in so many countries call alpacas, The worlds finest livestock investment?
   B. Who Buys Alpacas? - Alpaca ranchers come from many walks of life. Increasingly, alpacas are becoming an important source of income for many people.
   C. Alpaca Supply and Demand - The market for alpacas has been moderated by the effects of relatively slow herd growth.
   D. Alpaca Values - An alpaca rancher with a small herd on a small acreage can expect to harvest his animals' fleeces and sell their offspring profitably.
   E. Hands-On Alpaca Ownership - There are essentially two ways to own alpacas. The first approach is to simply purchase the animals and begin raising them. The second approach is to purchase the animals and place them in the care of an established breeder.
   F. Financial Observations - The major tax advantages of alpaca ownership include the employment of depreciation, capital gains treatment, and if you are an active hands-on owner, the benefit of off-setting your ordinary income from other sources with expenses from your ranching business.
   G. Tax Consequences of Owning Alpacas - Those considering entering the alpaca industry should engage an accountant for advice in setting up your books.
   H. Methods of Financing Your Alpaca Purchase - Most alpacas are sold for cash.
   I. Creating a Herd - Most alpacas are sold for cash.
   J. Alpaca Purchase Contracts - Every purchaser should require a written contract when acquiring an alpaca.

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