The answer to "how serious" appears to be "you really don't want this!". The facts, from the SAC summary sheet they sent me:
- It's a virus
- It has a long incubation period (2-4 yrs)
- It's passed through nose-to-nose contact, suckling infected milk and maybe via semen
- There is no vaccine or cure
If a sheep has it, they have a 10-20% chance of mortality, and will exhibit one or more of:
- Wasting
- Pneumonia
- progressive paralysis
- Arthritis
- Chronic mastitis
So whilst it's not catastrophic, it's not exactly pleasant either, and you really don't want it!! As a result, I'm not surprised that certified tups etc sell for more. If you run a semi-closed commercial flock and only buy in males, it would make abundant sense to avoid buying in MV and similar diseases.
For us, it's really a question of how much we want to enter shows and sales, and whether not being accredited might stop us from being able to sell breeding stock to others who are accredited or could become so by only buying in accredited stock to begin with. I'm going to speak to other Z people about this, but at the moment my gut feel is we should jump that bridge when we come to it, and we're not there yet!