Do Alpacas Represent the Latest Speculative Bubble in Agriculture?
Saitone, Tina L. and Richard J. Sexton
The benefits of raising alpacas are touted routinely on national television, and alpaca-breeding stock in the United States sells routinely for prices in the range of $25,000 per head, many times higher than prices obtainable in Peru where the world's largest alpaca herd resides. We ask whether current prices for alpaca stock can be justified by fundamental economic conditions governing the industry, or whether alpacas represent the latest speculative bubble in American agriculture.
alpaca, stock, advertise, fiber, market, investment, speculative
Saitone, Tina L. and Richard J. Sexton. 2006. "Do Alpacas Represent the Latest Speculative Bubble in Agriculture?" ARE Update 9(3): 5-8. University of California Giannini Foundation of Agricultural Economics.