Calculation of value of certain herd bulls

In force

If a valuation relates to a herd bull of at least 3 years of age, the valuation body must do the following:

(a)

give the bull a notional breeding value (NBV) by determining its value as if it were a 3 year old member of its class;

(b)

ascertain the current meat works value of the actual bull at its actual age (CMV);

(c)

calculate a conversion factor (CF) to take into account the age of the bull, in accordance with the following formula:

CF = ;

(d)

determine the final value (FV) in accordance with the following formula, in which "A" is the age of the bull rounded up to the next highest whole number:

FV = NBV – [(A – 3) x CF].

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84 Calculation of value of certain herd bulls