Shagbark Ridge Llamas was my very first search hit. This page is a one-page brief on how to pick up llama poo, what not to do with it (don't spread it on currently-used pasture!), and how to compost it. Although to be sure, you would have to do a chemical analysis on the manure on your farm, the reported analysis is 1 nitrogen, 1.5 phosphorus, and 1 potassium, when dried. ... Composting: ...keep the area as damp as a wrung out sponge. Add air to the pile by turning it occasionally. Depending on how moist your compost pile stays and how often it is turned, your compost will most likely be ready in a couple of months in the summer and three to five months in the winter due to cooler temperatures slowing down the microbial activity. You'll know when your compost is ready when your pile is reduced in size by about 50% and when the texture is evenly crumbly like soil.
Llama poo "tea" is much like fish food. Take poop, add water, let soak for a few days. (In my experience, sunshine helps too.)
Here is a random quote from a chat board - Llama manure does not contain seeds, does not need to be composted, is pelleted, like giant rabbit droppings, and can be applied as a top dressing directly in the garden. But it can also be composted. It doesn't breakdown all that quickly, stayed in pellets the entire summer I applied it, but the next year, no sign of the pellets and very rich, fertile soil. If you can get it, do so, but be sure they are well tended llamas. I agree that the pellets don't break down very quickly. While I was prepping the bed for the beets and carrots, I turned up a few pellets from last summer's applications. This is part of the motivation for getting the composter - breakdown of the poo into "dirt" ahead of time.