That's a great question, John. Our industry always wants to bring solutions forward. If we can intervene quickly, we can always manage a problem when we grab onto it sooner. We're looking at when we work with price insurance. Right now it's not affordable. If we can get markets to stabilize, there would be much lower payouts, so the types of savings I'm going to talk about are probably going to be far greater than the worst-case scenario. To work and help manage our inventory so we can do that and backstop our insurance programs is probably somewhere in the $200-million range to do that quickly. If we don't, we could lose half a billion dollars between now and the end of June.
You can imagine what that would mean in terms of AgriStability payments. Now the best thing for everybody is to avoid those losses and have a healthy business environment. Clearly, by moving quickly—and with AgriStability whether they keep it at a 70% reference margin or move to what the industry is asking for, which is an 85% margin—you would have a chance to save between $100 million and $200 million in payouts there just by acting quickly with these programs. What's more important is that when you don't act, it's after the fact with these programs.
For a young producer who goes to the bank to try to get operating credit to continue in business, that becomes very difficult. When they have their cattle insured, then that's a conversation they can have. That's the most vulnerable group in our industry, those young producers who have high debt loads. They are the ones we can protect the most by acting quickly.