Based on your statement in paragraph 8.18, that you should look at the cumulative process from start to finish, that was your reason for your creating the chart at exhibit 8.3 on page 7, which basically looked at the percentage of those items you had looked at that actually made the ten-and-a-half month target from start to finish.
I had a look at that chart. I just want to make some observations and see if you agree. Specifically, when I look at “Excess moisture”, there were 14 events and the average payment was $31 million. Factoring that out, there was $434 million that was paid out for excess moisture events. If you do the same for drought and disease, the total payments were $504 million. In terms of excess moisture, $434 million of the total payments, i.e., 86% of the total payments that were paid out by this program, were actually paid out well within the guideline.
Is that a correct statement?