Analyzing Dairy Loss Claims (2006) - On Demand

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Original Program: 06/27/2006
Video Length: 1:01:37
Product Code: CA0664D


Price:

Nonmember: $79.00
Member: $59.00

Credit:

1.0 CLE credit
0.0 EPR credits

CLE Expiration:
What is this?

12/31/2009

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About the Program

Dairy loss cases can be complicated because the business of milking cows is complicated. "Alternative cause" theories usually abound. Out-of-pocket expenses can be large. Analyzing Dairy Loss Claims: Is the Case Worth Pursuing? offers a framework for making the decision to take on such a case, with an eye toward its development and ultimate settlement or trial.

Livestock damages can be even more complicated to estimate. And there are many opportunities for the use of different calculations to determine the amount of losses. In addition, there are several court decisions, which seem to limit the recovery of damages beyond the market value - disregarding the "loss of use" of the animal(s) and the reduced profitability that accompanies such a loss.

In cases involving damage to livestock, it's imperative to present the total economic impact of these losses. You must be able to not only show these losses, but also support these estimates with solid information. Find the practical guidance you need on gathering information, calculating the value and lost profits of livestock, and supporting your "loss of use" calculations.

Topics covered include:

  • Determining what is compensable
  • Introducing "loss profits" to the equation
  • Calculating the value of both market value and lost profits
  • Using an expert agricultural economist to support future economic losses
  • Defending your expert's opinion as reasonable and non-speculative
  • Citing decisions that support the awarding of "loss of use" for farm animals

About the Faculty

Scott Lawrence
Born 1951, Waukesha, Wisconsin.
B.A. - 1972 - Mathematics, Phi Beta Kappa, University of Wisconsin-Madison.
J.D. - 1979 - Cum laude, University of Wisconsin-Madison.
1979 to present: Private practice in St. Nazianz


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Analyzing Dairy Loss Claims (2006) - On Demand

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