Price of donkeys drops by half as economic woes bite, reports finds

DONKEYS have dropped in price by almost 50% in the past two years as many consider them to be luxury items in the current economic climate.

According to the Buy and Sell Index report out this week, while livestock prices have continued to rise, the price of a horse has suffered a huge drop while the price of donkeys has fallen through the floor.

Marketing manager/ farming specialist at Buy and Sell, Adam Ferguson said that while farmers are used to taking care of their livestock, horses and donkeys were bought at the height of the Celtic tiger as a status symbol by the newly rich.