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Committee amends and advances House Bill 504, changing domestic bison valuation measure
Summary
The Senate Agriculture committee amended House Bill 504 to replace a bison valuation formula with language setting domestic bison value as 'the average price paid at the most recent public auction' and passed HB504 as amended by voice vote.
The Senate Agriculture, Livestock and Irrigation Committee approved an amendment to House Bill 504 that changes how domestic bison values are calculated for livestock loss payments. The amendment removes a provision tying domestic bison value to twice the average commercial cattle value and instead sets the value as "the average price paid at the most recent public auction."
Committee members said the amendment aligns bison valuation with existing livestock loss board procedures and avoids mismatched valuation systems. After discussion the committee moved HB504 as amended and carried it by voice vote; proxies were assumed yes.
Sen. Glenn carried the motion to concur and explained the amendment's intent to harmonize valuation with existing board practice. The bill, as amended, will be carried to the next step in the legislative process.
