In the Ontario model, the insurance cost started out almost up to 2% higher, I believe. Of course, you're insuring a larger volume. Also, in the current scenario with the Canadian Wheat Board, a lot of grain is obviously already banked by the Government of Canada, so your risks are somewhat different.
Ontario used a fund. The cost of administration was deducted, the fund built, and as the fund built up to cover, premium costs were lowered. It is a very functional, bankable system and simple to administer. So the case of blowing your bond or being over it, as we've seen with Naber Seed, no longer applies.