Seems like a bit of a head-scratcher/shaker .
Soft , unless alpaca , usually would mean cotton ; pattern indicates Native American influence .
Cotton , to me would generally mean Mexican maker ; Quality is pretty good , except the 'splice' between the two pieces .
I've never seen such a rough splice in American Indian work .
My best guess is a smaller loom (maybe a serape loom) in Mexico made this one , perhaps for the tourist trade .
It's too nice to just be a 'camp blanket' .
My off the hip guess would perhaps not be correct , but I'd say $150 (if it's really cotton) ... double that for alpaca .