The reality on July 13 is that the product that was worth $150 to $200 a head is going to be worth about minus $60 to minus $80 a tonne. In the U.S. it's still going to be worth $150 to $200 a tonne, so they're going to be competing for those cattle. That may change if they adopt a different policy, but there's no evidence that's going to occur quickly. We are working with companies that are involved in things like the new hydrolysis process, which looks like it can deactivate, but it involves a lot of units, and those are still probably in the range of two years, best-case scenario, from being available to us.
We're funding research into composting. There's some evidence to suggest enzyme mixtures also lead to a significant risk reduction, and you can compost quite efficiently without odour and do this fairly quickly if it's done in the right types of protocols.
We are looking at cogeneration, but right now there's only one company that we're aware of that's prepared to even accept this for burning purposes. When you are only negotiating with one company, they just want to know how much you're going to pay them to take it. So until you get enough uses out there that you actually create some competitive pull for it, we're going to be dealing with a negative-valued product that was worth a considerable amount of money prior to the introduction of this policy. That doesn't mean this is a bad policy, but it means we're facing a vastly different economic equation when we get to July.