Authors:
Tina L. Saitone and Richard J. Sexton
University of California Giannini Foundation of Agricultural Economics, Davis, California, United States

Date of Publication:
2012

Publication:
ARE Update 15(5):9-11

Excerpt:
We revisit the U.S. alpaca industry six years after having conducted a study suggesting the industry was in the midst of an unsustainable speculative bubble. We show that in the aftermath the bubble has largely burst. We also offer some lessons intended to prevent the recurrence of such bubbles in agriculture.

Read the rest of the article: https://s.giannini.ucop.edu/uploads/giannini_public/51/b2/51b2d799-65e5-47cf-9a1b-060c75a79501/v15n5_3.pdf