Thank you, Mr. Chair.
Mr. Anderson, from Farm Credit Canada, I'd like to direct my first question to you.
You are in charge of credit risk management, and you did outline to this committee the millions of dollars held in loans by various equine producers and that it's a very wide spectrum.
I fully understand that Farm Credit Canada is not responsible for the development of policy, but I do believe that your office has to look at trends and hints of policy that might be changed. When the ministerial mandate letter came out—and it's now three years old—there was a specific line item from the Prime Minister to the former minister of agriculture that said, “Ban the live export of horses for slaughter.”
I'd like to know, from your perspective and that of your department within Farm Credit Canada, how your department reacted to that instruction from the Prime Minister. Did that do anything in terms of how you assessed credit risk for producers that were breeding horses for the sole purpose of exporting them to another country for slaughter?