I'm not even convinced breeding will recover funds. It's sort of a pyramid scheme, and the bottom has really dropped out
Remember, too, that we have to feed animals hay all winter here, which is really September to May. At $5/bale that gets expensive. Alpacas (or llamas? one of them) require special fencing too. No barbed wire, i can tell you that much. Ahh, google. The fence needs to be high enough to keep deer out, and sturdy enough to keep dogs out. The deer here are plentiful and brazen, so that would be a strong 6' fence.
Here is an excellent resource, covering much of the costs and responsibilities of raising them: http://www.attra.org/attra-pub/llamaalpaca.html
I'm not saying "don't do it" I am just saying "go in with your eyes open and anticipate your costs, figure out a reasonable return and know that it is a lot of work" I tend to play Devil's advocate, although i really am that slow of a spinner. i have been working on a roving all week, and probably have 60 yards done.
Will horrible things happen if your first 4 years of breeding, all you get are bicolor males for fiber, not breeding stock?
I can buy pet alpacas for $250, bred females for $600 without papers. See? http://www.purealpaca.com/pets.htm
Years ago, it was 15k to get a breeding pair.
My dad always says "If I win the lottery, I will keep farming until the money is all gone"
We do make a teeny profit on our farm. Quite honestly, the tax break from farm status is more than the profit, if that tells you anything. The profit comes from vegetables, i swear the beef loses money every year.