Thank you for the question.
In fact, these practices exist in Europe and Prince Edward Island. The main consequence is related to the fact that agricultural producers, in general, are risk-averse. However, changing practices requires making investments and accumulating knowledge that can take a few years. Therefore, covering losses associated with experimentation really serves as an incentive. Programs of this type already exist in certain jurisdictions, where they have met with some success.
I recently attended a presentation on a similar program that is being introduced in France's wine industry. It looked quite promising, and the producers have continued to experiment thanks to this insurance.