Thank you.
I'll stay with MNP and AgriStability for the moment. In your testimony, you said it is the “core” program and that it needs to remain so going forward, yet over time the participation has gone down and down and down. You addressed some of those concerns.
Let me go to the concept of a national framework of AgriStability as a plug-and-play model, where regional programs plug into it and either producers have more choice, be it private or public, or they choose to participate and the costs and revenues from those other programs are taken into account or imputed in a national framework. Obviously, for reinsurance to work in that program, the program would have to be morphed into an insurance-type program as opposed to a purely margin-based, virtually government only, cost-responsive program.
Can you comment?
