Opinion ID: 549048
Heading Depth: 4
Heading Rank: 2

Heading: date when fair market value was calculated

Text: 64 On cross-appeal, the Yanceys argue that the Claims Court erred by not awarding damages based on the fair market value of their breeder flock on the date it was slaughtered. 65 Fair market value under the Fifth Amendment is normally ascertained at the date the governmental restrictions are imposed, which is the date of the taking. E.g., Kirby Forest Industries v. United States, 467 U.S. 1, 14, 104 S.Ct. 2187, 2196, 81 L.Ed.2d 1 (1984). However, the Yanceys say that the goal of just compensation under the Fifth Amendment is to put the owner of property in as good a position pecuniarily as if his property had not been taken. Olson v. United States, 292 U.S. 246, 255, 54 S.Ct. 704, 708, 78 L.Ed. 1236 (1934). To achieve the goal, the Yanceys advocate flexibility in determining the point at which fair market value is calculated. We are aware of no cases allowing the flexibility that the Yanceys advocate. 66 In this case, it is apparent that the trial judge took a variety of factors into consideration to decide the best way to calculate fair market value. Nothing suggests that the trial judge's calculation of fair market value was arbitrary or capricious.