Environment Food and Rural Affairs written question – answered at on 2 October 2006.
To ask the Secretary of State for Environment, Food and Rural Affairs by what means market valuations are derived for the purpose of cattle compensation.
holding answer
: Cattle compensation for four notifiable diseases (bovine tuberculosis, brucellosis, bovine spongiform encephalopathy and enzootic bovine leukosis) in England is determined each month. This is done primarily using table valuations based on average sales prices achieved for pre-determined cattle categories, drawn up in consultation with the industry. To support the system, sales data is continuously collected by an independent service provider from a large number and wide range of sources across Great Britain . These sources include 'regular' markets, dispersal sales, and breed sales.
Table valuations are based on real sales prices achieved at market; the compensation payable in respect of an individual animal is the average market price for its category. There are 47 categories in total and these are split into non-pedigree and pedigree. At the end of each month, the average sales figure is determined. For non-pedigree categories the average is calculated from one month's data, and for pedigree categories six month's data are used.
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