2. The market value of the animal shall be determined–
(a)by agreement between the Scottish Ministers and the owner of the animal;
(b)failing agreement by an arbiter appointed jointly by the Scottish Ministers and the owner of the animal; or
(c)failing such agreement or appointment, by an arbiter appointed by the President of the Institute of Auctioneers and Appraisers in Scotland and the liability for the costs of the arbiter shall be determined by the arbiter.