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Livestock Seized in Extraordinary Emergency will be Worth Fair Market Value The USDA has verified that when an "extraordinary emergency," exists due to the outbreak of an animal disease, the government may dispose of livestock impacted by the disease and the owner of the animals will be given fair market value. If the owner intentionally moves or handles animals in a way that violates the law, he will receive no payment. The Code of Federal Regulations authorizes co-payments to producers through federal and state indemnity funds. If animals are exposed to a disease during interstate shipment - or if a state is unable to pay its 50% - the federal government will pay the entire amount. "Creditors should be reassured that producers are fully covered and will receive fair market value, as appraised by federal and state government employees, for animals depopulated due to an out break of Foot and Mouth Disease or other animal disease," said NCBA chief economist, Chuck Lambert. "Safety measures and monitoring occurring today have helped the U.S. remain FMD-free for more than 70 years" said Lynn Cornwell, president of NCBA. |
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