Recession dampens Angora sale
SONORA, Texas — The sour economy was blamed for significantly lower prices at this year’s Angora performance sale at the Texas AgriLife Research Station.
The sale raised $4,725 compared with $12,775 last year, AgriLife geneticist Dan Waldron said.
“Mohair is a luxury item sold on a world market and when economies sour here and elsewhere, so does the mohair market,” Waldron said.
The sale, in its 29th year, help producers improve their herds by adding superior genetics from quality animals, Waldron said, adding serious Angora breeders know the soft market will rebound, as it has in the past.
The current market benefits breeders who are in it for the long haul and bolstering their flocks with the comparatively cheap genetics now readily available at performance sales, he said.