What's missing is that the system fails to take into account the actual circumstances on the ground. That doesn't happen now. The system relies on weather station data, without factoring in field visits. If the grids for analyzing the weather station data are wrong, the system can't work. At the very least, the system has to allow for field monitoring.
We've seen 10% premiums in the past. Crop insurance payments have been made, which increases premiums. The risk is still there. We know the risks are growing because of climate change, so there has to be a way to protect farmers without making them fork out the first $100,000. We can't move forward like that.