The Economics of a Commercial Cashmere goat Enterprise

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Keeping goats for cashmere has been profitable for a growing number of farmers in Australia. Many have found it a lucrative addition to the core business of their farms. But, like any business ventures, there are efficient ways to do things and pitfalls to avoid. This report looks in detail at the proposal to establish a goat enterprise and delves into important questions such as the right country for cashmere goats, capital requirements, financial returns, price risks, sensitivity to management error. It also looks at the side benefits of keeping goats such as saving on weed control costs, how other enterprises benefit from the pasture possible with cashmere goats. (Published in January 1997)