Dáil Éireann Debate, Tuesday - 26 September 2017
410. Deputy James Browne asked the Minister for Agriculture, Food and the Marine his plans to increase the compensation scheme for dairy cattle lost to TB in view of the fact that the current scheme compensates below the market value; and if he will make a statement on the matter. [40291/17]
View answerThe On Farm Market Valuation Scheme is designed to compensate herdowners for the loss of animals removed under the TB eradication programme and is based on the market value of animals (i.e. the equivalent price which might reasonably be obtained for the animal at the time of determination of compensation, from a purchaser in an open market, if the animal were not affected by TB) subject to certain limits.
The prices used in the valuation of stock are based on prices collected through the Department's price reporting systems. My officials ensure that the prices collated cover a wide range of type, quality and quantity of cattle and also diversity in terms of geographical spread which together ensures the prices provide a fair and equitable value. The prices are under constant review and where adjustment is required due to market changes this will be reflected in the prices.
I am satisfied that the current compensation arrangements which were updated in 2016 provide a very comprehensive range of financial supports to herdowners whose herds are restricted as a result of a TB breakdown in their herd.
