KUNC - When The Alpaca Bubble Burst, Breeders Paid The Price < 5min

Known for their calm temperaments and soft fleece, alpacas looked like the next hot thing to backyard farmers. The market was frenetic, with some top of the line animals selling for hundreds of thousands of dollars. ... But the bubble burst, leaving thousands of alpaca breeders with near-worthless herds. Today, craigslist posts across the country advertise “herd liquidations” and going out of business deals on alpacas, some selling for as low as a dollar. ... They bought in at the height of the bubble, when it was commonplace for alpacas to sell for several thousand dollars. The couple started breeding and selling the offspring. ... Back in the 1980s you’d really only find them in zoos. Now there’s close to 150,000 in the U.S. ... Even late night TV commercials, sandwiched between infomercials, touted the animals’ ability to pad a retiree’s income. ... “The fundamental fact is that in this country, an alpaca, as an asset, an income-producing asset, is worthless. It has no value at all,” Sexton says. “The product it produces, 6 to 8 pounds of alpaca fiber a year, is worth less than what it costs to feed, medicate, and house the animal.”