Got your goat … as an investment

Mountain farmers in the Asheville area and Western North Carolina are likely all too familiar with the classic joke:

A city slicker and a farmer each win the lottery. They are asked how they will spend their winnings. The urban dweller says he will buy a new house, a new car, and put the rest in the bank for a rainy day. The farmer thinks and thinks. And finally says: “I guess I will keep on farming until the money is gone.”

While the investment return on farming is debatable, one financial blogger today asks whether farming might be the next big thing.

Goats: Wikimedia Commons

Goats: Wikimedia Commons

He points out in particular interest in a farm animal that gets a lot of queries each month in Iwanna: Goats.

It appears a fund manager in Australia has invested in a feral goat operation that expects up to a 12% rate of return. The story in Bloomberg quotes the investor: “This is a startup market. It’ll be five years before we know if there’ll be a goat industry.”

But the story notes that the United States is the largest buyer of goat meat from Australia. Which suggests the interest in goats on Iwanna may be more business-oriented than just hobby farming.

Back in May we noted that even Google is into goats.


1 Response to “Got your goat … as an investment”

  1. 1 onlinegames7777 November 24, 2009 at 11:13 am

    I think we need to know what we really love to do first, before we decide what business we want to go into, because success cannot be achieved overnight… it is hard work and the fact that we enjoy what we’re doing is a big factor for us to be patient in achieving our goal. Another factor is the break, just like in the reality TV Show Shark Tank, there are lots of entrepreneurs there… who got their biggest break by getting someone to help them financially and use their expertise in branding the product.

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