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the area is so blurry its hard to see details...but the fact that its pink is really weird. I am guessing some kind of tumor/growth. I would just watch it, and wait.
Is it hard, soft, squishy?? Does it have a 'head' or a scab or anything? How long has it been there? how fast did it get this size? Honestly I would try contacting state veterinarian they should be able to offer some assistance, maybe a training school that vet tech students could take a look at it for free for their studies. Its always worth a shot looking into.