Thanks for the question, Alex.
I guess the best description I could give is that at the 70% trigger level, using the Olympic averages for our income reference, over the past four years our beef income levels have been so low that our high and low are almost identically the same thing. We're in a position where our trigger levels have dropped low enough that by the time we get down to 70% of our reference margin, we are so close to bankruptcy that the program is not effective at all.
Part of that plays into why there is not a participation rate as high as the government would like to see, but bringing that level back up to 85% will entice people to get back into the beef business, knowing that we have some kind of cost recovery and cost protection moving forward.
Maybe Richard wants to add a bit to that.