OSTRICH AND EMU SPECULATORS: Will they get rich quick or just get the bird?
From ANIMAL PEOPLE, Jan/Feb 1994:
DALLAS, Texas––More than 115,000 giant flightless
birds––ratites––roam North American pastures, including 80,000
ostrichs, 35,000 emus, and the occasional rhea. Ratite numbers
have doubled since last year and quadrupled since 1991. At the
present rate of breeding, stoked by speculation, the ratite popula-
tion could double again this year, and perhaps next year, too.
But many of those “pastures” are little more than back yards.
There is as yet no significant market for ratites other than specula-
tion in breeding stock. When no one else wants to cash in insur-
ance policies, mortgage property, and drain life savings to buy
ratites at spectacularly inflated prices, the pyramid of breeders,
dealers, franchisers, and support service vendors will col-
lapse––maybe not this year, but almost certainly soon.