I don’t think the quality or lineage of the heifer was reported. More than likely the value due to future calves. Maybe you can research the lineage of that heifer and let us all know the particulars. 😉
Yet, you assign a value at 10% of what the actual owner of the cow reported? What did you base that estimate upon?
I think the farmer has a pretty good grasp of what his herd is worth.
Not picking on you, just curious what you based your uninformed opinion on?