Mr. Fintan Conway:

We have focused on mimicking what the crop insurance companies do in southern Europe. Essentially, what they look at is the five-year trend yield and then they establish what the yield loss is, etc. The figures that are normally used invariably come from the likes of Teagasc or some other body across Europe. In this case, Teagasc has identified the costings involved. They are very transparent. The best and only way to focus on that is to used an established body like Teagasc. We have used the norms that the insurance industry use to establish the loss.