Agriculture committee  Maybe I'll just interject, because I've had lots of those conversations recently in the field. When the new young farmer comes in to talk to us, they're very optimistic. They're not coming in to talk to their banker about regulatory issues or dollars in the mailbox, as you've said.

Agriculture committee  Do we have the crystal ball? At the end of the day, there are lots of economists out there. We're bankers. We will seek third-party experts, at the end of the day, and their forecast.

Agriculture committee  At the end of the day, it continues to change. I think all the economists would generally agree right now that we're looking at a par dollar in the short term. In the long term, I'm not entirely sure. As far as interest rates go, the economists are saying we're going to see probably another 100 to 150 basis point increase to the end of this year, and then an additional 100 to maybe 200 next year.

Agriculture committee  At the end of the day, the market will dictate where pricing should be. There's a lot of competition in the financing industry, not just between the banks that are sitting here at the table but also from Farm Credit, the credit unions, and other suppliers of credit to the industry.

Agriculture committee  I can comment. Certainly, to Gwen's point, there is natural diversification in the industry, and we inherently get that same diversification in our portfolio. There are no specific mandates or policies that say we will have to have a certain percentage in a certain sector or not.

Agriculture committee  I spent part of my youth growing up on a farm, when I was in high school and university. I continue to get my hands dirty helping my dad out on his small farm in Grey County. I'm a University of Guelph graduate in agricultural business, and up until two years ago I was lending money directly to farmers as an account manager in the field.

Agriculture committee  From TD's perspective, similar to Bob's response on the first part, obviously public policy is your decision. We recognize that there are some nuances within agriculture that need to be dealt with differently. As such, we have a dedicated sales force and dedicated business units that deal specifically with farmers across the country.

Agriculture committee  I have no problem speaking to that question. I don't think the amount of debt within the industry is impacting the availability of credit at this point in time. There is certainly credit available where the situation warrants. As we mentioned previously, we assess credit applications on a case-by-case basis.

Agriculture committee  For TD Bank, they're all priced between prime plus 2% to prime plus 3%.