One problem with cattle is that they are being held in one place, can’t escape which makes them easy and reliable prey . So once a predator has figured that out they will come back more often. I have read about people having good success with dogs that are trained to confront predators like mountain lions and bears so they won’t come back.
Edit-but definitely start by paying them for whatever wolves eat.
Let's pump the brakes on torture box meat before we start trying to solve something many people don't even consider a problem (I believe ranching and free range meat are an almost unmitigated good. )
It's an appropriate use of tax money.
Reading https://www.minnpost.com/environment/2020/02/heres-how-much-..., that gets around 100 claims per year, for a payout of about $100,000.
The EU has a similar program (https://www.bbc.com/news/science-environment-46153727)
In Washington State, the newspaper articles on it always present it as one of:
1. the state sends out the helicopters and gunmen
2. the rancher eats the cost of the dead cows
I wouldn’t know whether that compensation is fair or how bureaucratic the procedure is.
Most apex predators are hunted out of existence to protect the marginal amounts of cattle they kill. See the great wolf slaughter happening in Montana currently. After they kill off all the wolves, the negative externalities of that action will become apparent, yet again, and the federal government will spend millions rehabbing the wolf populations until some populist conservative decides to decimate the population again. Rinse, repeat.